CBSE Accountancy Class 11 Syllabus 2020-21 – Chapters, Topics, Weightage

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CBSE Accountancy Class 11 Syllabus 2020: CBSE Class 11 Accountancy Syllabus 2020-21, Chapter, Topics has been revealed. Class 11 students of 2020-21, who are looking for the Information of  Class XI CBSE Accountancy Syllabus 2020-21 may not have to worry about it. As we have provided the Information for Accountancy Syllabus of Central Board of Secondary Education (CBSE) for Class 11 of 2020-21 in this article (सीबीएसई अकाउंटेंसी कक्षा 11 का सिलेबस). Also, we have provided the pdf file for the students to Download PDF of CBSE 11th Class Accountancy Syllabus for 2020-21. After going through this article, students needs to immediately start their preparation.

CBSE Accountancy Class 11 Syllabus 2020-21

Units PeriodsMarks
PART – A Financial Accounting – 1  
 Unit -1: Theoretical Framework2512
 Unit -2: Accounting Process9040
Part B: Financial Accounting-II  
 Unit – III Financial Accounting-II

Unit-3: Financial Statements of Sole Proprietorship from Complete and

Incomplete Records

4020
 Unit-4: Computers in Accounting0508
    

Part C: Project Work

1520

Download CBSE Accountancy Class 11 Syllabus 2020-21

Download CBSE Accountancy class 11 Syllabus

CBSE Class XI Accountancy Course Structure

CBSE Accountancy Class 11 Syllabus

UnitsTopicsMarks 
Part –  AFinancial Accounting – I
1.Theoretical Framework15 Marks
2.Accounting Process35 Marks
Part – BFinancial Accounting – II
3.Financial Statements of Sole Proprietorship15 Marks
4.Financial Statements of Non-Profits15 Marks
5.Computers in Accounting10 Marks
Part – CProject Work10 Marks
Total Marks100 Marks

CBSE Accountancy Class 11 Syllabus 2019-20

PART – A: FINANCIAL ACCOUNTING

                                                                                      – I 55 Marks

Unit-1: Theoretical Frame Work 25 Periods

Units/TopicsLearning Outcomes
Introduction to Accounting – 11 Periods

·         Accounting- concept, objectives, advantages and limitations, types of accounting information; users of accounting information and their needs. Qualitative Characteristics of Accounting Information. Role of Accounting in Business.

·         Basic Accounting Terms- Business Transaction, Capital, Drawings. Liabilities (Non-Current and Current). Assets (Non-Current, Current); Fixed assets (Tangible and Intangible), Expenditure (Capital and Revenue), Expense, Income, Profit, Gain, Loss, Purchase, Sales, Goods, Stock, Debtor, Creditor, Voucher, Discount (Trade discount and Cash Discount)

Theory Base of Accounting – 14 Periods

·         Fundamental accounting assumptions: GAAP: Concept

·         Business Entity, Money Measurement, Going Concern, Accounting Period, Cost Concept, Dual Aspect, Revenue Recognition, Matching, Full Disclosure, Consistency, Conservatism, Materiality and Objectivity

·         System of Accounting. Basis of Accounting: cash basis and accrual basis

·         Accounting Standards: Need, benefits, limitations, applicability; IFRS- Need

·         Goods and Services Tax (GST): Characteristics and
Objective.

After going through this Unit, the students will be able
to: describe the meaning, significance, objectives, advantages, and limitations of accounting in the modem economic environment with varied types of business and nonbusiness economic entities.· identify/recognize the individual(s) and entities that use accounting information for serving their needs of decision making.·         explain the various terms used in accounting and differentiate between different related terms like current and non-current, capital and revenue.·         give examples of terms like a business transaction, liabilities, assets, expenditure, and purchases.explain that sales/purchases include both cash and credit sales/purchases relating to the accounting year. differentiate among income, profits and gains.·         state the meaning of fundamental accounting assumptions and their relevance in accounting.·         describe the meaning of accounting and the situation in which an assumption is applied during the accounting process·         explain the meaning and objectives of accounting standards.

·         acknowledge the fact that the recording of accounting transactions follows the double-entry system.

·         explain the bases of recording accounting transactions and to appreciate that accrual basis is a better basis for depicting the correct financial position of an enterprise.

·         Understand the need for IFRS

·         Explain the meaning, objective, and characteristics of GST.

Unit-2: Accounting Process 105 Periods

Units/TopicsLearning Outcomes
Recording of Business Transactions – 30 Periods

·         Voucher and Transactions: Source documents and Vouchers, Preparation of Vouchers, Accounting Equation Approach: Meaning and Analysis, Rules of Debit and Credit.

·         Recording of Transactions: Books of Original Entry-

·         Journal

·         Special Purpose books:

·         Cash Book: Simple, cash book with bank column and petty cashbook

·         Purchases book

·         Sales book

·         Purchases return a book

·         Sales return book

Note: Including simple GST calculations

·         Ledger: Format, Posting from journal and subsidiary books, Balancing of accounts
15 Periods

Bank Reconciliation Statement:

·         Need and preparation, Bank Reconciliation Statement with Adjusted Cash Book

Depreciation, Provisions, and Reserves. 20 Periods

·         Depreciation: Concept, Features, Causes, Factors

·         Other similar terms: Depletion and Amortisation

·         Methods of Depreciation:

1.      Straight Line Method (SLM)

2.      Written Down Value Method (WDV)

Note: Excluding change of method

·         Difference between SLM and WDV; Advantages of SLM and WDV

·         Accounting treatment of depreciation

1.      Charging to an asset account

2.      Creating provision for depreciation/accumulated depreciation account

3.      Treatment for disposal of asset

·         Provisions and Reserves: Difference

·         Types of Reserves:

1.      Revenue reserve

2.      Capital reserve

3.      General reserve

4.      Specific reserve

5.      Secret Reserve

·         Difference between capital and revenue reserve

Accounting for Bills of Exchange – 20 Periods

·         Bill of exchange and Promissory Note: Definition, Specimen, Features, Parties.

·         Difference between Bill of Exchange and Promissory Note

·         Terms in Bill of Exchange:

1.      Term of Bill

2.      Accommodation bill (concept)

3.      Days of Grace

4.      Date of maturity

5.      Discounting of bill

6.      Endorsement of bill

7.      Bill after due date

8.      Negotiation

9.      Bill sent for collection

10.  Dishonour of bill

11.  Retirement of bill

12.  Renewal of bill

·         Accounting Treatment

Note: excluding accounting treatment for accommodation bill

Trial balance and Rectification of Errors – 20 Periods

·         Trial balance: objectives and preparation
(Scope: Trial balance with balance method only)

·         Errors: types-errors of omission, commission, principles, and compensating; their effect on Trial Balance.

·         Detection and rectification of errors; preparation of suspense account.

After going through this Unit, the students will be able
to:·         explain the concept of the accounting equation and appreciate that every transaction affects either both the sides of the equation or a positive effect on one item and a negative effect on another item on the same side of the accounting equation.·         explain the effect of a transaction (increase or decrease) on the assets, liabilities, capital, revenue, and expenses.·         appreciate that on the basis of source documents, accounting vouchers are prepared for recording transaction in the books of accounts.·         develop the understanding of recording of transactions in the journal and the skill of calculating GST.·         explain the purpose of maintaining a Cash Book and develop the skill of preparing the format of different types of cash books and the method of recording cash transactions in
Cash book.·         describe the method of recording transactions other than cash transactions as per their nature in different subsidiary books.·         appreciate that at times bank balance as indicated by the cash book is different from the bank balance as shown by the passbook/bank statement and to reconcile both the balances, the bank reconciliation statement is prepared.·         develop an understanding of preparing a bank reconciliation statement.·         appreciate that for ascertaining the position of individual accounts, transactions are posted from subsidiary books and journal proper into the concerned accounts in the ledger and develop the skill of ledger posting.

·         explain the necessity of providing depreciation and develop the skill of using different methods for computing depreciation.

·         understand the accounting treatment of providing depreciation directly to the concerned asset account or by creating provision for depreciation account.

·         appreciate the method of asset disposal through the concerned asset account or by preparing an asset disposal account.

·         appreciate the need for creating reserves and also making provisions for events that may belong to the current year but may happen next year.

·         appreciate the difference between reserve and reserve fund.

·         acquire the knowledge of using bills of exchange and promissory notes for financing business transactions;

·         understand the meaning and distinctive features of these instruments and develop the skills of their preparation.

·         state the meaning of different terms used in bills of exchange and their implications in accounting.

·         explain the method of recording of bill transactions.

·         state the need and objectives of preparing trial balance and develop the skill of preparing a trial balance.

·         appreciate that errors may be committed during the process of accounting.

·         understand the meaning of different types of errors and their effect on the trial balance.

·         develop the skill of identification and location of errors and their rectification and preparation of suspense account.

Part – B: Financial Accounting – II

                                                                                                                                   35 Marks
Unit – 3: Financial Statements of Sole Proprietorship: From Complete and Incomplete Records – 60 Periods

Units/TopicsLearning Outcomes
Financial Statements

Receipts and Expenditure: Revenue receipts and capital receipts. Capital expenditure, Revenue expenditure and deferred expenditure
Objective and Importance.
Trading and Profit and Loss Account: Gross Profit, Operating profit and net profit. Preparation.
Balance Sheet: need, grouping, and marshaling of assets and liabilities. Preparation.
Adjustments in preparation of financial statements with respect to closing stock, outstanding expenses, prepaid expenses, accrued income, income received in advance, depreciation, bad debts, provision for doubtful debts, provision for discount on debtors, Abnormal loss, Goods taken for personal use/staff welfare, interest on capital and managers commission.
Preparation of Trading and Profit and Loss account and Balance Sheet of a sole proprietorship with adjustments.

Incomplete Records

Features, Reasons, and Limitations.
Ascertainment of profit/loss by a statement of affairs method.
Difference between Accounts from incomplete records and Statement of Affairs. Preparation of Trading, Profit
and Loss account and Balance Sheet.

After going through this Unit, the students will be able
to:·         state the meaning of financial statements the·         purpose of preparing financial statements.·         state the meaning of gross profit, operating profit and net profit and develop the skill of preparing trading and profit and loss account.·         explain the need for preparing a balance sheet.·         understand the technique of grouping and marshaling of assets and liabilities.·         appreciate that there may be certain items other than those shown in trial balance which may need adjustments while preparing financial statements.·         develop the understanding and skill to do adjustments for items and their presentation in financial statements like depreciation, closing stock, provisions, abnormal loss, etc.·         develop the skill of preparation of trading and profit and loss account and balance sheet.·         state the meaning of incomplete records and their uses and limitations.

·         develop the understanding and skill of computation of profit/loss using the statement of affairs method.

Unit – 4: Computers in Accounting 20 Periods

Units/TopicsLearning Outcomes
·         Introduction to computer and accounting information system {AIS}: Introduction to computers (elements, capabilities, limitations of computer system)

·         Introduction to operating software, utility
software and application software. Introduction to accounting information system (AIS) as a part of the Management Information System.

·         Automation of accounting process: meaning

·         Stages in automation: (a) Accounting process in a computerised environment; comparison between manual accounting process and computerised accounting process, (b) Sourcing of accounting software; kinds of software: readymade software; customised software and tailor-made software; generic considerations before sourcing accounting software (c) creation of account groups and hierarchy (d) generation of reports – trial balance, profit and loss account and balance sheet.

Scope:

1.      The scope of the unit is to understand accounting as an information system for the generation of accounting information and the preparation of accounting reports.

2.      It is presumed that the working knowledge of any appropriate accounting software will be given to the students to help them learn basic accounting operations on computers.

After going through this Unit, the students will be able to:

·         state the meaning of a computer, describe its components, capabilities, and limitations.

·         state the meaning of the accounting information system.

·         appreciate the need for the use of computers in accounting for preparing accounting reports.

·         develop the understanding of comparing the manual and computerized accounting process and appreciate the advantages and limitations of automation.

·         understand the different kinds of accounting software.

Part – C: Project Work (Any One) 10 Marks 30 Periods

  1. Collection of source documents, preparation of vouchers, recording of transactions with the help of vouchers.
  2. Preparation of Bank Reconciliation Statement with the given cash book and the pass book with twenty to twentyfive transactions.
  3. A comprehensive project of any sole proprietorship business. This may state with journal entries and their ledgering, preparation of Trial balance. Trading and Profit and Loss Account and Balance Sheet. Expenses, incomes, and profit (loss), assets and liabilities are to be depicted using a pie chart/bar diagram.

COMPREHENSIVE PROJECT

It is suggested to undertake this project after completing the unit on the preparation of financial statements. The student(s) will be allowed to select any business of their choice or develop the transaction of an imaginary business.

The project is to run through the chapters and make the project an interesting process. The amounts should emerge as more realistic and closer to reality.

  1. Specific Guidelines for Teachers

Give a list of options to the students to select a business form. You can add to the given list:

A beauty parlourMen’s wearA coffeeshop
Men’s saloonLadies wearA music shop
A tailoring shopKiddies wearA juice shop
A canteenA Saree shopA school canteen
A cake shopArtificial jewelry shopAn ice cream parlour
A confectionery shopA small restaurantA sandwich shop
A chocolate shopA sweet shopA flower shop
A dry cleanerA grocery shop
A stationery shop A shoe shop

CBSE Accountancy Class 11 Syllabus: After selection, advise the student(s) to visit a shop in the locality (this will help them to settle on a realistic amount of different items. The student(s) would be able to see the things as they need to invest in furniture, decor, lights, machines, computers, etc.

A suggested list of different items is given below.

1. Rent19. Wages and Salary
2. Advance rent [approximately three months]20. Newspaper and magazines
3. Electricity deposit21. Petty expenses
4. Electricity bill22. Tea expenses
5. Electricity fitting23. Packaging expenses
6. Water bill24. Transport
7. Water connection security deposit25. Delivery cycle or a vehicle purchased
8. Water fittings26. Registration
9. Telephone bill27. Insurance
10. Telephone security deposit28. Auditors fee
11. Telephone instrument29. Repairs &Maintenance
12. Furniture30. Depreciation
13. Computers31. Air conditioners
14. Internet connection32. Fans and lights
15. Stationery33. Interior decorations
16. Advertisements34. Refrigerators
17. Glow sign35. Purchase and sales
18. Rates and Taxes

At this stage performer of the bulk of originality and ledger may be provided to the students and they may be asked to complete the same.
In the next step, the students are expected to prepare the trial balance and financial statements.

Download PDF Link for CBSE Class 11 Accountancy Syllabus 2019    Click Here

CBSE Accountancy Class 11 Syllabus 2020-21 has been provided in this article. Students need not get worried about the Syllabus or Exams. Just check out this article and start the preparation quickly. Download the PDF of Class XI CBSE Accountancy Syllabus 2018 from this article. The curriculum for March 2019 exams is designed by CBSE, New Delhi as per NCERT textbooks for the session 2019-20. The syllabus for CBSE class 11 Accountancy is published by cbse.nic.in the Central Board of Secondary Education, Head Office in New Delhi.

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