CBSE Syllabus 2024-25: The Central Board of Secondary Education (CBSE) has released newly revised syllabus for Class-XI and Class-XII for 2024-25 session.
CBSE Syllabus for Class 11 Accounting paper and Class 12 Accounting subject for CBSE Board examinations to be conducted in academic year 2024-25.
The complete course of Accountancy at the senior secondary (Classes 11 and 12) stage introduces the students to the world of business and emphasize on strengthening the fundamentals of the accounting subject. This course is developed to impart skills for designing need based accounting database for maintaining book of accounts.
Here you will get the latest updated and amended CBSE Class 10+2 account subject syllabus and CBSE exam pattern in PDF for the academic session 2024-25 without any cost.
Objectives of Accounting Subject in Class-XI and Class-XII:
- To familiarize students with new and emerging areas in the preparation and presentation of financial statements.
- To acquaint students with basic accounting concepts and accounting standards.
- To develop the skills of designing need based accounting database.
- To appreciate the role of ICT in business operations.
- To develop an understanding about recording of business transactions and preparation of financial statements.
- To enable students with accounting for Not-for-Profit organizations, accounting for Partnership Firms and company accounts.
You may bookmark this webpage and regular visit www.AUBSP.com to find more detail CBSE Senior Secondary Curriculum (XI-XII) for the Academic Year 2024-25.
CBSE Syllabus Accountancy Class 11
Course Structure Accountancy for 11th Class
CBSE Course Structure for Class-XI (2024-25):
Theory: 80 Marks
Project: 20 Marks
Time: 3 Hours
| Units | Periods | Marks |
|---|---|---|
| Part A: Financial Accounting-1 | ||
| Unit-1: Theoretical Framework | 25 | 12 |
| Unit-2: Accounting Process | 115 | 44 |
| Part B: Financial Accounting-II | ||
| Unit-3: Financial Statements of Sole Proprietorship | 60 | 24 |
| Part C: Project Work | 20 | 20 |
Accountancy Syllabus for Class-XI
Academic Electives – (Group-A) – Accountancy Class XI:
PART-A: Financial Accounting-I
Unit-1: Theoretical Frame Work
Units/Topics:
- Introduction to Accounting
- Accounting- concept, meaning, as a source of information, 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- Entity, Business Transaction, Capital, Drawings. Liabilities (Non Current and Current). Assets (Non Current, Current); Expenditure (Capital and Revenue), Expense, Revenue, Income, Profit, Gain, Loss, Purchase, Sales, Goods, Stock, Debtor, Creditor, Voucher, Discount (Trade discount and Cash Discount).
- Theory Base of Accounting
- Fundamental accounting assumptions: GAAP: Concept
- Basic accounting 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: Applicability in IndAS
- Goods and Services Tax (GST): Characteristics and Advantages.
Unit-2: Accounting Process
Units/Topics:
- Recording of Business Transactions
- 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 book
- Sales return book
- Journal proper
Note: Including trade discount, freight and cartage expenses for simple GST calculation. - Ledger: Format, Posting from journal and subsidiary books, Balancing of accounts
- Bank Reconciliation Statement:
- Need and preparation, Bank Reconciliation Statement
- Depreciation, Provisions and Reserves
- Depreciation: Meaning, Features, Need, Causes, factors
- Other similar terms: Depletion and Amortisation
- Methods of Depreciation:
i. Straight Line Method (SLM)
ii. Written Down Value Method (WDV)
Note: Excluding change of method - Difference between SLM and WDV; Advantages of SLM and WDV
- Method of recoding depreciation
i. Charging to asset account
ii. Creating provision for depreciation/accumulated depreciation account - Treatment of disposal of asset
- Provisions, Reserves, Difference Between Provisions and Reserves.
- Types of Reserves:
i. Revenue reserve
ii. Capital reserve
iii. General reserve
iv. Specific reserve
v. Secret Reserve - Difference between capital and revenue reserve
- Trial balance and Rectification of Errors
- Trial balance: objectives, meaning and preparation (Scope: Trial balance with balance method only)
- Errors: classification-errors of omission, commission, principles, and compensating; their effect on Trial Balance.
- Detection and rectification of errors;
(i) Errors which do not affect trial balance
(ii) Errors which affect trial balance - preparation of suspense account.
Part-B: Financial Accounting-II
Unit-3: Financial Statements of Sole Proprietorship
Units/Topics:
Financial Statements: Meaning, objectives and importance; Revenue and Capital Receipts; Revenue and Capital Expenditure; Deferred Revenue expenditure. Opening journal entry. Trading and Profit and Loss Account: Gross Profit, Operating profit and Net profit. Preparation. Balance Sheet: need, grouping and marshalling 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.
Part-C: Project Work (Any One)
- Collection of source documents, preparation of vouchers, recording of transactions with the help of vouchers.
- Preparation of Bank Reconciliation Statement with the given cash book and the pass book with twenty to twenty-five transactions.
- 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 pie chart / bar diagram.
Class 11 Accountancy Question Paper Pattern
Suggested Question Paper Design
Accountancy (Code No. 055)
Class XI (2024-25)
Theory: 80 Marks
Project: 20 Marks
Time: 3 hours
| Typology of Questions | Marks | Percentage |
|---|---|---|
| Remembering and Understanding: Exhibit memory of previously learned material by recalling facts, terms, basic concepts, and answers. Demonstrate understanding of facts and ideas by organizing, comparing, translating, interpreting, giving descriptions, and stating main ideas | 44 | 55% |
| Applying: Solve problems to new situations by applying acquired knowledge, facts, techniques and rules in a different way. | 19 | 23.75% |
| Analysing, Evaluating and Creating: Examine and break information into parts by identifying motives or causes. Make inferences and find evidence to support generalizations. Present and defend opinions by making judgments about information, validity of ideas, or quality of work based on a set of criteria. Compile information together in a different way by combining elements in a new pattern or proposing alternative solutions. | 17 | 21.25% |
| Total | 80 | 100 |
CBSE Syllabus Accountancy Class 12
Course Structure Accountancy for 12th Class
CBSE Course Structure for Class-XII (2024-25):
Theory: 80 Marks
Project: 20 Marks
Time: 3 Hours
| Units | Periods | Marks |
|---|---|---|
| Part-A: Accounting for Partnership Firms and Companies | ||
| Unit 1. Accounting for Partnership Firms | 105 | 36 |
| Unit 2. Accounting for Companies | 45 | 24 |
| 150 | 60 | |
| Part-B: Financial Statement Analysis | ||
| Unit 3. Analysis of Financial Statements | 30 | 12 |
| Unit 4. Cash Flow Statement | 20 | 8 |
| 50 | 20 | |
| Part-C: Project Work | 20 | 20 |
| Project work will include: Project File: 4 Marks Written Test: 12 Marks (One Hour) Viva Voce: 4 Marks | ||
| OR | ||
| Part-B: Computerized Accounting | ||
| Unit 4. Computerized Accounting | 50 | 20 |
| Part-C: Practical Work | 20 | 20 |
| Practical work will include: Practical File: 4 Marks Practical Examination: 12 Marks (One Hour) Viva Voce: 4 Marks |
Accountancy Syllabus for Class-XII
Academic Electives – (Group-A) – Accountancy Class XII:
Part-A: Accounting for Partnership Firms and Companies
Unit-1: Accounting for Partnership Firms
Units/Topics:
- Partnership: features, Partnership Deed.
- Provisions of the Indian Partnership Act 1932 in the absence of partnership deed.
- Fixed v/s fluctuating capital accounts. Preparation of Profit and Loss Appropriation account- division of profit among partners, guarantee of profits.
- Past adjustments (relating to interest on capital, interest on drawing, salary and profit sharing ratio).
- Goodwill: meaning, nature, factors affecting and methods of valuation – average profit, super profit and capitalization.
Note: Interest on partner’s loan is to be treated as a charge against profits.
Goodwill: meaning, factors affecting, need for valuation, methods for calculation (average profits, super profits and capitalization) , adjusted through partners capital/ current account or by raising and writing off goodwill (AS 26)
Accounting for Partnership firms – Reconstitution and Dissolution.
- Change in the Profit Sharing Ratio among the existing partners – sacrificing ratio, gaining ratio, accounting for revaluation of assets and reassessment of liabilities and treatment of reserves, accumulated profits and losses. Preparation of revaluation account and balance sheet.
- Admission of a partner – effect of admission of a partner on change in the profit sharing ratio, treatment of goodwill (as per AS 26), treatment for revaluation of assets and reassessment of liabilities, treatment of reserves, accumulated profits and losses, adjustment of capital accounts and preparation of capital, current account and balance sheet.
- Retirement and death of a partner: effect of retirement / death of a partner on change in profit sharing ratio, treatment of goodwill (as per AS 26), treatment for revaluation of assets and reassessment of liabilities, adjustment of accumulated profits, losses and reserves, adjustment of capital accounts and preparation of capital, current account and balance sheet. Preparation of loan account of the retiring partner.
- Calculation of deceased partner’s share of profit till the date of death. Preparation of deceased partner’s capital account and his executor’s account.
- Dissolution of a partnership firm: meaning of dissolution of partnership and partnership firm, types of dissolution of a firm. Settlement of accounts – preparation of realization account, and other related accounts: capital accounts of partners and cash/bank a/c (excluding piecemeal distribution, sale to a company and insolvency of partner(s)).
Note:
- If the realized value of tangible assets is not given it should be considered as realized at book value itself.
- If the realized value of intangible assets is not given it should be considered as nil (zero value).
- In case, the realization expenses are borne by a partner, clear indication should be given regarding the payment thereof.
Unit-3: Accounting for Companies
Units/Topics:
Accounting for Share Capital
- Features and types of companies
- Share and share capital: nature and types.
- Accounting for share capital: issue and allotment of equity and preferences shares. Public subscription of shares – over subscription and under subscription of shares; issue at par and at premium, calls in advance and arrears (excluding interest), issue of shares for consideration other than cash.
- Concept of Private Placement and Employee Stock Option Plan (ESOP), Sweat Equity.
- Accounting treatment of forfeiture and reissue of shares.
- Disclosure of share capital in the Balance Sheet of a company.
Accounting for Debentures
- Debentures: Meaning, types, Issue of debentures at par, at a premium and at a discount. Issue of debentures for consideration other than cash; Issue of debentures with terms of redemption; debentures as collateral security-concept, interest on debentures. Writing off discount /loss on issue of debentures.
Note: Discount or loss on issue of debentures to be written off in the year debentures are allotted from Security Premium Reserve (if it exists) and then from Statement of Profit and Loss as Financial Cost (AS 16).
Part-B: Financial Statement Analysis
Unit-4: Analysis of Financial Statements
Units/Topics:
Financial statements of a Company:
- Meaning, Nature, Uses and importance of financial Statement
- Statement of Profit and Loss and Balance Sheet in prescribed form with major headings and sub headings (as per Schedule III to the Companies Act, 2013)
Note: Exceptional items, extraordinary items and profit (loss) from discontinued operations are excluded.
- Financial Statement Analysis: Meaning, Significance Objectives, importance and limitations.
- Tools for Financial Statement Analysis: Cash flow analysis, ratio analysis.
- Accounting Ratios: Meaning, Objectives, Advantages, classification and computation.
- Liquidity Ratios: Current ratio and Quick ratio.
- Solvency Ratios: Debt to Equity Ratio, Total Asset to Debt Ratio, Proprietary Ratio and Interest Coverage Ratio. Debt to Capital Employed Ratio.
- Activity Ratios: Inventory Turnover Ratio, Trade Receivables Turnover Ratio, Trade Payables Turnover Ratio, Fixed Asset Turnover Ratio, Net Asset Turnover Ratio and Working Capital Turnover Ratio.
- Profitability Ratios: Gross Profit Ratio, Operating Ratio, Operating Profit Ratio, Net Profit Ratio and Return on Investment.
Note: Net Profit Ratio is to be calculated on the basis of profit before and after tax.
Unit-5: Cash Flow Statement
Units/Topics:
- Meaning, objectives Benefits, Cash and Cash Equivalents, Classification of Activities and preparation (as per AS 3 (Revised) (Indirect Method only)
Note:
- Adjustments relating to depreciation and amortization, profit or loss on sale of assets including investments, dividend (both final and interim) and tax.
- Bank overdraft and cash credit to be treated as short term borrowings.
- Current Investments to be taken as Marketable securities unless otherwise specified.
Note: Previous years’ Proposed Dividend to be given effect, as prescribed in AS-4, Events occurring after the Balance Sheet date. Current years’ Proposed Dividend will be accounted for in the next year after it is declared by the shareholders.
Project Work
Note: Kindly refer to the Guidelines published by the CBSE. The comprehensive project may contain simple GST calculations.
OR
Part-B: Computerised Accounting
Unit-4: Computerised Accounting
Overview of Computerised Accounting System
- Introduction: Application in Accounting.
- Features of Computerised Accounting System.
- Structure of CAS.
- Software Packages: Generic; Specific; Tailored.
Accounting Application of Electronic Spreadsheet
- Concept of electronic spreadsheet.
- Features offered by electronic spreadsheet.
- Application in generating accounting information – bank reconciliation statement; asset accounting; loan repayment of loan schedule, ratio analysis
- Data representation- graphs, charts and diagrams.
Using Computerized Accounting System
- Steps in installation of CAS, codification and Hierarchy of account heads, creation of accounts.
- Data: Entry, validation and verification.
- Adjusting entries, preparation of balance sheet, profit and loss account with closing entries and opening entries.
- Need and security features of the system.
Part-C: Practical Work
Please refer to the guidelines published by CBSE.
Class 12 Accountancy Question Paper Pattern
Suggested Question Paper Design
Accountancy (Code No. 055)
Class XII (2024-25)
Theory: 80 Marks
Project: 20 Marks
Time: 3 hours
| Typology of Questions | Marks | Percentage |
|---|---|---|
| Remembering and Understanding: Exhibit memory of previously learned material by recalling facts, terms, basic concepts, and answers. Demonstrate understanding of facts and ideas by organizing, comparing, translating, interpreting, giving descriptions, and stating main ideas | 44 | 55% |
| Applying: Solve problems to new situations by applying acquired knowledge, facts, techniques and rules in a different way. | 19 | 23.75% |
| Analysing, Evaluating and Creating: Examine and break information into parts by identifying motives or causes. Make inferences and find evidence to support generalizations. Present and defend opinions by making judgments about information, validity of ideas, or quality of work based on a set of criteria. Compile information together in a different way by combining elements in a new pattern or proposing alternative solutions. | 17 | 21.25% |
| Total | 80 | 100 |
For more detail on Accounting syllabus for CBSE Board examinations 2024, you may visit official website www.cbseacademic.nic.in.