Class: XI
        Subject: ACCOUNTANCY
          NO OF         TOPIC                          SUB-TOPIC                      ASSESSMENT /                      LEARNING OUTCOMES
         PERIOD                                                                       ACTIVITIES
          Unit-1      Theoretical    CH-1. Introduction to Accounting -               Project on        After going through this Unit, the students will be able
            (25       Framework      Accounting: objectives, advantages and           International     to: describe the significance, objectives, advantages
         periods)                    limitations, types of accounting information;    Accounting        and limitations of accounting in the modern economic
                                     users of accounting information and their        Standards.        environment with varied types of business and non
                                     needs. Basic accounting terms: business                            business economic entities. identify/recognise the
                                     transaction, account, capital, drawings,                           individual(s) and entities that use accounting
                                     liability (Non - current and current); asset                       information for serving their needs of decision making
                                     (Non-current; tangible and intangible assets                       explain the various terms used by the learners as new
                                     and current assets), receipts (capital and                         entrants in the area of accounting and to differentiate
                                     revenue), expenditure (capital, revenue and                        between different related terms like current & non
                                     deferred), expense, income, profits, gains                         current, capital & revenue. Give examples of terms
                                     and losses, purchases, purchases returns,                          like business transaction liabilities, assets, receipts,
                                     sales, sales returns, stock, trade receivables                     expenditure and purchases. Explain that sales include
                                     (debtors and bills receivable), trade payables                     both cash and credit sales/purchase relating to the
                                     (creditors and bills payable), goods, cost,                        accounting year. differentiate among income, profits
                                     vouchers, discount - trade and cash.                               and gains
                                     CH-2. Theory Base of Accounting                                    State the meaning of accounting assumptions and
                                     Fundamental accounting assumptions: going                          their relevance in accounting. Explain the various
                                     concern, consistency, and accrual.                                 accounting assumptions. Describe the meaning of
                                     Accounting principles: accounting entity,                          accounting principles and the situations in which a
                                     money measurement, accounting period, full                         principle is applied during the accounting process.
                                     disclosure, materiality, prudence, cost                            acknowledge the fact that recording of accounting
                                     concept, matching concept and dual aspect.                         transactions follows double entry system . Appreciate
                                     Bases of accounting - cash basis and accrual                       that various accounting standards developed
                                     basis. Accounting Standards and IFRS                               nationally and globally are in practice for bringing
                                     (International Financial Reporting Standards):                     parity in the accounting treatment of different items.
                                     Concept and Objectives
        Taurian World School, Ranchi                                                                                                           1|Page
         Class: XI
         Subject: ACCOUNTANCY
           NO OF           TOPIC                            SUB-TOPIC                          ASSESSMENT /                         LEARNING OUTCOMES
          PERIOD                                                                               ACTIVITIES
            Unit-       Accounting       CH-3 Recording of Transactions-I  Accounting          1. Worksheets      Explain the concept of accounting equation and
            2(90          Process        equation: analysis of transactions using              on each            appreciate that every transaction affects either both
          periods)                       accounting equation. Rules of debit and               concepts and       the sides of the equation or a positive effect on one
                                         credit: for assets, liabilities, capital, revenue     numericals. 2.     item and a negative effect on another item on the
                                         and expenses                                          Projects on        same side of accounting equation. Explain the effect
                                         CH-4 Recording of Transactions-II Origin of           various source     of a transaction (increase or decrease) on the
                                         transactions- source documents (invoice,              documents like     concerned assets, liabilities, capital, revenue and
                                         cash memo, pay in slip, cheque), preparation          cash Book,         expenses. Appreciate that on the basis of source
                                         of vouchers - cash (debit and credit) and non         Vouchers,          documents accounting vouchers are prepared for
                                         cash (transfer). Books of original entry:             journal books      recording transactions in the books of accounts.
                                         format and recording - Journal. Cash Book:            etc.     3.Field   Developthe understanding of recording of
                                         Simple Cash Book, Cash Book with Discount             visit such as      transactions in journal. Explain the purpose of
                                         Column and Cash Book with Bank and                    banks, post        maintaining a Cash Book and develop the skill of
                                         Discount Columns, Petty Cash Book. Other              office,            preparing the format of different types of cash books
                                         books: purchases book, sales book,                    industrial units   and the method of recording cash transactions in
                                         purchases returns book, sales returns book            etc.               Cash Book. Describe the method of recording
                                         and journal proper.                                                      transactions other than cash transactions as per their
                                         CH-5.Preparation of Bank Reconciliation                                  nature in different Subsidiary books according to their
                                         Statement, Ledger& Trial Balance. Bank                                   nature. Appreciate that for ascertaining the position
                                         reconciliation statement- calculating bank                               of individual accounts transactions are posted from
                                         balance at accounting date: need and                                     subsidiary books and general proper into the
                                         preparation. Corrected cash book balance.                                concerned accounts in the ledger and develop the skill
                                         Ledger-format, posting from journal, cash                                of doing ledger posting state the need and objectives
                                         bookand other special purpose books,                                     of preparing trial balance and develop the skill of
                                         balancing of accounts.                                                   preparing trial balance. Appreciate that at times bank
                                         CH-6. Trial balance: objectives and                                      balance as indicated by cash book is different from
                                         preparation (Scope: Trial Balance with                                   the bank balance as shown by the pass book/bank
                                         balance method only).                                                    statement and to reconcile both the balances bank
                                         CH-7. Depreciation, Provisions and Reserves                              reconciliation statement is prepared. Develop
         Taurian World School, Ranchi                                                                                                                         2|Page
        Class: XI
        Subject: ACCOUNTANCY
                                      & Rectification of Errors : Depreciation:                            understanding of preparing Bank Reconciliation
                                      concept need and factors affecting                                   Statement. Explain the necessity of providing
                                      depreciation; methods of computation of                              depreciation and develop the skill of using different
                                      depreciation: straight line method, written                          methods for computing account. Appreciate the need
                                      down value method (excluding change in                               for creating reserves and also making provisions for
                                      method) Accounting treatment of                                      events which may belong to the current year but may
                                      depreciation: by charging to asset account,                          happen in next year. Depreciation. Understand the
                                      by creating provision for depreciation/                              accounting treatment of providing depreciation
                                      accumulated depreciation account,                                    directly to the concerned asset account or by creating
                                      treatment of disposal of asset. Provisions and                       provision for depreciation account. Appreciate the
                                      reserves: concept, objectives and difference                         method of asset disposal through the concerned asset
                                      between provisions and reserves; types of                            appreciate that errors may be committed during the
                                      reserves- revenue reserve, capital reserve,                          process of accounting understand the meaning of
                                      general reserve and specific reserves. Errors:                       different types of errors and their effect on trial
                                      types-errors of omission, commission,                                balance. Develop the skill of identifying and location
                                      principles, and compensating; their effect on                        of errors and their rectification and preparation of
                                      Trial Balance. Detection and rectification of                        suspense account.
                                      errors; preparation of suspense account.
                                      CH-8. Accounting for Bills of Exchange-Bills of
                                      exchange and promissory note: definition,
                                      features, parties, specimen and distinction.
                                      Important terms : term of bill, due date, days
                                      of grace, date of maturity, discounting of bill,
                                      endorsement of bill, bill sent for collection,
                                      dishonour of bill, noting of bill, retirement
                                      and renewal of a bill. Accounting treatment
                                      of bill transactions.
        Taurian World School, Ranchi                                                                                                               3|Page
        Class: XI
        Subject: ACCOUNTANCY
          NO OF         TOPIC                         SUB-TOPIC                     ASSESSMENT /                      LEARNING OUTCOMES
         PERIOD                                                                     ACTIVITIES
           Unit-      Financial      CH-9 Financial Statements I : objective and    Project report    Describe the meaning of financial statements and the
           3(32     Statements of    importance.                                    on                purpose they serve. State the meaning of gross profit,
         periods)        Sole        Profit and loss account: gross profit,         comprehensive operating profit and net profit and develop the skill of
                    Proprietorship   operating profit and net profit.               problem of a      preparing Trading Account. Explain the need for
                                     Balance Sheet: need, grouping, marshalling     Sole              preparing Balance Sheet and understanding the
                                     of assets and liabilities.                     Proprietorship    technique of marshalling of assets and liabilities and
                                     CH-10 Financial Statements II :Adjustments in  firm.             benefits of marshalling. Appreciate that there may be
                                     preparation of financial statements : with                       certain items other than shown in trial balance  which
                                     respect to closing stock, outstanding                            may need adjustment while preparing financial
                                     expenses, prepaid expenses, accrued income,                      statements. Develop the knowledge and
                                     income received in advance, depreciation,                        understanding to do adjustments for items and their
                                     bad debts, provision for doubtful debts,                         presentation in financial statements like depreciation,
                                     provision for discount on debtors, manager's                     closing stock, provisions etc. Develop the
                                     commission, abnormal loss, goods taken for                       understanding of preparation of Trading and Profit
                                     personal use and goods distributed as free                       and Loss Account and Balance Sheet.
                                     samples. Preparation of Trading and Profit
                                     and Loss Account and Balance Sheet of sole
                                     proprietorship.
                                     Ch-11 Accounts from incomplete Records
                                     Incomplete records: use and limitations.
                                     Ascertainment of profit/loss by statement of
                                     affairs method.
        Taurian World School, Ranchi                                                                                                        4|Page