STATE COUNCIL OF EDUCATIONAL RESEARCH AND TRAINING

TNCF 2017 - DRAFT SYLLABUS

Subject :Accountancy Class : XI

TOPIC CONTENT

Unit 1 : Evolution of Accounting; Meaning and Definition of

Introduction To Accounting; Importance of Accounting; Functions

Accounting of Accounting; Important terms used in
Accountancy; Users of accounting information;
Role of Accountant in Business

Unit 2 : Book keeping: Meaning and Definition; Features;

Conceptual Framework Objectives; Advantages and limitations; Book

Of Accounting - I keeping Vs. Accounting; Accountancy; Accounting
cycle;Accounting concepts; Accounting conventions

Unit 3 : Accounting standards: Meaning and need,

Conceptual Framework International Accounting Standards - An

Of Accounting - Ii
introduction; Indian Accounting standards - An
introduction

Unit 4 : Double entry system: Meaning; Advantages;

Books Of Prime Entry Transactions; Accounting equations [Theory and

Problems]; Account: Meaning and classification;
Journal entries: Meaning, Accounting rules; Steps
in journalizing; Passing Journal entries

Unit 5 : Meaning; Specimen; Posting from journals to

Ledgers ledgers; Balancing the ledger account

Unit 6 : Meaning, Methods and Purpose; Specimen of a

Trial Balance Trial Balance; Preparation of Trial Balance

Unit 7 : Meaning and advantages; Subsidiary books Vs.

Subsidiary Books – I Principal books; Types of subsidiary books;

Purchase book and purchase returns book; Sales
book and sales returns book; Bills receivables
book and Bills payable book; Journal proper

Unit 8 : Cash Book: Meaning; Importance; Kinds of Cash

Subsidiary Book – II book; Single column cash book; Double column

cash book; Three column cash book; Petty cash
book: Simple and analytical petty cash book –
Ordinary and imprest system

Unit 9 : Meaning; Need; Causes and disagreement between

Bank Reconciliation cash book and Bank statement; Procedure for

Statement preparing Bank Reconciliation Statement;
Preparation of Bank Reconciliation Statement

Unit 10 : Meaning and stages of Errors; Classification of

Rectification Of Errors Errors; Errors disclosed and errors not disclosed by

the Trial Balance; Steps to locate errors; Suspense
Account; Rectification Entries

Unit 11 : Capital and revenue expenditure; Capital and

Capital And Revenue revenue receipts; Deferred revenue expenditure;

Transactions Distinction between capital and revenue
expenditure; Distinction between capital and
revenue receipt
Unit 12 : Meaning and definition; Objects of providing

Depreciation depreciation; Causes of depreciation; Factors

Accounting determining depreciation; Methods of depreciation
(Theory only); Straight line Method – Problems;
Written down value method – Problems; Profit or
loss on sale of Asset

Unit 13 : Introduction to final accounts; Trading A/c:

Final Accounts Of Sole Meaning, Format; Profit and Loss A/c: Meaning,
Proprietors - I Format; Balance Sheet: Meaning, grouping and
marshalling of assets & liabilities, classification of
assets & liabilities, Format of a balance sheet;
Methods of preparing the final accounts: Horizontal
form and vertical form; Opening entry and closing
entry; Preparation of final accounts

Unit 14 : Adjustments: Closing stock, outstanding expenses;

Final Accounts Of Sole Prepaid expenses, Accrued income; Depreciation;

Proprietors – II Bad debts and provision for doubtful debts
&discount on Debtors, Provision for discount on
creditors; Interest on capital and interest on
drawings; Preparation of final accounts with
adjustments

Unit 15 : Introduction to computers and computerized

Computerised accounting; Meaning, Capabilities and Limitations

Accounting of Computerized Accounting System; Codification
and grouping of Accounts; Micro Soft Office – Word
and Excel Practical
 STATE COUNCIL OF EDUCATIONAL RESEARCH AND TRAINING

TNCF 2017 - DRAFT SYLLABUS

Subject :Accountancy Class : XII

TOPIC CONTENT

Unit 1 : Meaning and Definition; Features and limitations;

Accounts From Differences between incomplete records and double

Incomplete Records-I entry system; Statement of Affairs Method: Steps to
be followed; Distinction between Statement of affairs
and Balance Sheet; Conversion method: Steps to be
followed; Statement of affairs method; Conversion
method

Unit 2 : Introduction; Receipts and Payments Account:

Accounts Of Non-Profit Meaning, Format; Income and Expenditure Account:

Organisations Meaning, Format; Distinction between Receipts and
Payments A/c and Income and Expenditure A/c;
Balance Sheet; Items peculiar to non-profit
organisations whichrequire special treatment

Unit 3 : Partnership: Meaning and Features; Features of

Partnership Accounts – Limited Liability Partnership; Partnership deed;

Basic Concepts Relevant provisions of Indian Partnership Act 1932 in
the absence of partnership deed; Types of Partners;
Fixed/fluctuating capital accounts; Interest on
capital and Interest on drawings; Salary and
commission; Division of profits among partners; Profit
and loss appropriation account
Unit 4 : Goodwill: Meaning and nature; Methods of valuation

Treatment Of Goodwill of Goodwill; Average profit method; Super profit

In Partnership Accounts method; Capitalisation method; Need for valuation of
goodwill in partnership

Unit 5 : Introduction; Sacrificing ratio and new profit sharing

Partnership - Admission ratio; Revaluation of Assets and Liabilities;

Adjustment for Goodwill; Accounting treatment of
reserves and accumulatedprofits; Revaluation
account, capital account and Balance Sheet
of a new firm

Unit 6 : Meaning and reasons for retirement; Gaining ratio

Partnership Accounts– and new profit sharing ratio; Revaluation of Assets

Retirement and Liabilities; Adjustment for Goodwill; Accounting
treatment of distribution of reserves and accumulated
profits; Revaluation account, capital account and
Balance Sheet after retirement

Unit 7 : Meaning; New profit sharing ratio and gaining ratio;

Partnership Accounts: Revaluation of Assets and liabilities; Adjustment for

Death Of A Partner goodwill; Distribution of accumulated profits and
losses; Amount due to deceased partner’s executor;
Settlement of amount due

Unit 8 : Company: Definition and characteristics;

Company Accounts – I Characteristics of a Company; Different types of

shares and share capital; Accounting treatment for
issue of shares at par, Premium and discount; Over
subscription and under subscription of shares;
 Forfeitures and reissue of shares

Unit 9 : Financial Statements: Meaning and Features;

Financial Statement Significance& Limitations; Format of company final

Analysis - I accounts as perCompanies Act, 2013; Tools of
financial statement analysis: Common size
statement, Comparative statement, Trend Analysis,
Funds Flow statement, Cash Flow Statement

Unit 10 : Common size Financial Statements; Comparative

Financial Statement Financial Statements; Trend Analysis

Analysis - II
[Problems]

Unit 11 : Accounting Ratios: Meaning and Definition;

Financial Statement Objectives and importance; Advantages and

Analysis - III limitations; Classification of Ratios on the basis of
financialstatements and functions; Computation of
ratios

Unit 12 : Application of computerised accounting system;

Computer Applications Automating the accounting system; Designing the

In Accounting - I accounting reports; Data exchange with other
information system

Unit 13 : Application of Computerised account system- "Tally

Computer Applications with GST package"; Practical on Application of

In Accounting – II accounting software- Creation of Company, Accounts
(Practical’s) group, etc. and generation of reports