Financial Accounting – CBSE 11

CBSE Syllabus 2020

Financial Accounting

Accounting Principles & Policies

Accounting

Commercial Activities, Book Keeping, Accounting, Transactions & Events, System of Accounting, Cash System, Accrual System, Single Entry System, Objectives of Accounting, Users of Accounting Information, Necessity of Accounting,

Accounting Principles

Accounting Principles, Accounting Standards, International Financial Reporting Standards (IFRS), Generally Accepted Accounting Principles (GAAP), Accounting Concept, Accounting Convention, Financial Statement, Limitations of Financial Statements

Capital & Revenue

Revenue Income & Expenditure, Capital Income & Expenditure, Deferred Revenue Expenditure, Revenue Expenditure treated as Capital Expenditure, Revenue Receipt, Capital Receipt, 

Accounting Policies

Accounting Standards, Accounting Policies, Accounting Estimates,  Valuation Principles, Book Keeping & Accounting Process, Classification of Accounts, Personal Accounts, Real Accounts, Nominal Accounts.

Book Keeping

Journal

Types of Journal, Cash & Bak Book, Sales Book, Purchase Book, Journal Proper, Other Subsidiary Journal Books

Cash Book

Cash Book, Single Column Cash Book, Double Column Cash Book, Petty Cash Book,

Subsidiary Books

Subsidiary Journal Books , Subsidiary Ledger Books,  Purchase & Purchase Return Books, Sales & Sales Return Books, Other Subsidiary Books, Postings from Subsidiary Books

Ledger
Ledger, Ledger Posting, Ledger Accounts Balancing, Modern Ledger Account Format

Trial Balance

Trial Balance, Objectives of Trial Balance, Methods of preparing Trial Balance, Forms of Trial Balance, Errors detected by Trial Balance, Errors not detected by Trial Balance, Suspense Account, Trial Balance Preparation

Rectification of Error
Errors in Books of Accounts, Suspense Account, Rectification of Errors, Rectification before Trial Balance preparation, Rectification after Trial Balance preparation, Rectification after Final Accounts preparation.

Bank Reconciliation
Bank Accounts, Bank Book and Pass Book, Matching of Bank Book & Pass Book, Bank Reconciliation Statement, Causes of Bank Book and Pass Book Difference, Bank Reconciliation Methods,  Bank Reconciliation Starting from Bank Book Balance, Bank Reconciliation Starting from Pass Book Balance, Adjustment Entries in Bank Book.

Final Accounts

Depreciation

Depletion, Amortization, Obsolescence, Accounting for Depreciation, Methods of Depreciation, Straight Line Method, Diminishing Balance Method, Sum of Digits Method, Sinking Fund Method, Annuity Method, Insurance Policy Method, Machine Hour Rate Method, Production Unit Method, Depletion Method, Changes in Method of Depreciation, Profit / Loss on Sale of Asset, 

Book Closing

Closing Entries, Provision for Bad Debts, Provision for Discount on Debtors, Dishonour of Cheques, Goods distributed as free sample, Loss of Goods, Goods sent on approval,  Proprietor’s Personal Transactions, Interest, Expenses, Income, Closing Stock

Financial Statement

Financial Statements, Trading Account, Profit and Loss Account, Balance Sheet, 

Compilation of Financial Statements – Practical Problems

Rectification Entries, Depreciation, Pre-paid expenses, Liabilities & Provisions, Advance payments made, Advance receipt of money 

Proprietorship Firm
Accounting of Proprietorship Entities. Accounting principles of Proprietorship Firm. Inter relationship of P L Statement & balance Sheet. Trading Account

Special Accounts

Bill of Exchange

Bill of Exchange, Bill Maturity Date, Dishonour of Bills, Endorsement of Bill, Bills Sent for Collection, Renewal of Bills, Accommodation Bills, Accommodation for Drawer, Accommodation for Drawee, Accommodation for both Drawer & Drawee. Insolvency of Drawee, Retiring of Bill, Bills Payable and Receivable Book.

Accounting from Incomplete Records

(https://drive.google.com/file/d/1HB1iT5CSpjU-2nFHmVrtW8XosqWiIFR1/view)

Single entry method of Accounting, Statement of Affairs, Preparation of Financial Statements