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HS ACCOUNTANCY(ACCT) Syllabus

WEST BENGAL COUNCIL OF HIGHER SECONDARY EDUCATION SYLLABUS FOR CLASSES XI AND XII
SUBJECT:  ACCOUNTANCY(ACCT)
Course Overview:
The  Accountancy  Course  is  introduced  at  the  senior  secondary  stage,  to  enable  the  specific  learning  of commerce,  following  ten  years  of  general  schooling.  This  formal  commerce  education  is  particularly relevant  in  the  context  of  the  rapidly  changing  economic  landscape,  where  accounting  has  secured  its
place as a vital source of financial information at the senior secondary level.
The syllabus is designed to provide students with a solid foundation in fundamental accounting concepts and   methodologies.   It   also   familiarizes   them   with   the   evolving   landscape   of   financial   statement preparation and presentation in accordance with applicable accounting standards and the Companies Act of 2013. The emphasis is on equipping students with a comprehensive understanding of accounting as an
information system.
Class  XI  of  the  course  focuses  on  instilling  basic  concepts  and  processes  of  accounting,  leading  to  the preparation of accounts for a sole proprietorship firm. The significance of Information and Communication Technology  (ICT)  is  highlighted  throughout  the  curriculum,  acknowledging  its  integral  role  in  various aspects of life and business operations. In Class XII, students are introduced to Computerized Accounting Systems, presented as an optional component alongside the Analysis of Financial Statements. This module aims  to  impart skills  necessary  for designing  need-based accounting databases to maintain accurate  and
efficient bookkeeping.
The  entirety  of  the  senior  secondary  Accountancy  Course  is  geared  towards  introducing  students  to  the business world and strengthening their foundational knowledge of the subject. The annual course duration spans 200 contact hours, with 100 hours allocated to Semester I & III, 80 hours to Semester II & IV, and the remaining 20 hours dedicated to Home Assignments, Projects and Tutorial / Remedial Classes. This holistic approach ensures that students not only grasp theoretical concepts but also gain practical skills applicable in real-world business scenarios.
Objectives:
The main objectives of the Accountancy Course at the senior secondary level are to:
1.   Introduce basic accounting concepts and standards to students.
2.   Familiarize students with components of financial statements.
3.   Instil an understanding of recording business transactions and preparing financial statements.
4.   Enable  students  to  handle  accounting  for  Not-for-Profit  organizations,  Partnership  firms,  and Company accounts.
5.   Empower students to conduct post-analysis of Balance Sheets and other financial statements using tools like Comparative and Common Size Statements and Ratios.
6.   Develop students’ skills in designing need-based accounting databases.
7.   Emphasize the role of Information and Communication Technology (ICT) in business operations.
FULL MARKS: 40 CLASS – XI
SEMESTER – I
SUBJECT:  ACCOUNTANCY (ACCT )
UNIT TOPICS MARKS
Unit 1 Introduction & Theory Base of Accounting 12
Unit 2 Fundamental Accounting Process – I 16
Unit 3 Reserves & Provisions 6
Unit 4 Bills of Exchange (Excluding Retiring, Renewal and Accommodating Bills) 6
Total 40
Question Paper Typology
Sl. No. Typology of Questions Marks In %
1. Remembering & Understanding 12 30
2. Applying 20 50
3. Analyzing, Evaluating and Critical Understanding 8 20
Weightage to form Questions
Unit Topics Unit Marks Question type No. of Questions Marks of each question Total Marks
Unit 1 Introduction    &    Theory Base of Accounting 12 MCQ 12 1 12
Unit 2 Fundamental  Accounting Process – I 16 MCQ 16 1 16
Unit 3 Reserves & Provisions 6 MCQ 6 1 6
Unit 4 Bills of Exchange (Excluding Retiring, Renewal &Accommodating Bills) 6 MCQ 6 1 6
Total 40 40
CLASS – XI
SEMESTER – I
SUBJECT:  ACCOUNTANCY (ACCT)
FULL MARKS: 40                                                                                   CONTACT HOURS: 100 Hours
COURSE CODE: THEORY
UNIT NO. TOPICS CONTACT
HOURS		 MARKS
Unit 1 Introduction & Theory Base of Accounting
·    Accounting:
Meaning, Accounting as a source of information, Objectives  and  limitations.Users  of  accounting information     and     their     needs.Sub-fields     of Accounting       (Financial       Accounting,       Cost Accounting and Management Accounting).
·    Basic Accounting Terms:
Entity,  Business  Transaction,  Capital,  Drawings, Liabilities   (Non-Current   and   Current),   Assets (Non-Current,     Current);     Expense,     Revenue, Income,   Profit,   Gain,   Loss,   Purchase,   Sales, Goods,     Stock,     Debtor,     Creditor,     Voucher, Discount  (Trade  discount  and  Cash  discount), Contingent   Assets   and   Contingent   Liabilities, Revenue   and   Capital   Receipts,   Revenue   and Capital       Expenditure,       Deferred       Revenue Expenditure.
·    GAAP       (Generally       Accepted       Accounting Principles): 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:
Single Entry and Double Entry.
·    Basis of Accounting:
Cash Basis and Accrual Basis.
·    Valuation Principles:
Historical  Cost,  Current  Cost,  Realizable  Value and Present Value.
·    Accounting Standards:
Objectives   of   Accounting   Standards   (AS)   and Indian      Accounting      Standards      (Ind      AS). Applicability of Ind AS.
·    Goods and Service Tax (GST):
Characteristics and Advantages.		 30 12
Unit 2 Fundamental Accounting Process – I
·    Voucher and Transactions:
Source documents and Vouchers, Preparation of Vouchers
·    Fundamental Accounting Equation:
Meaning and Analysis.
·    Rules of Debit and Credit
·    Book of Original Entry: Journal
·    Special Purpose Books:
Purchases Book, Sales Book, Purchases Return Book, Sales Return Book, Journal Proper
·    Rectification of Errors (Before Preparation of Trial Balance):
Classification   of   Errors:   Errors   of   Omission, Errors  of  Commission,  Errors  of  Principles,  and Compensating Errors.
Detection and Rectification of Errors.		 40 16
Unit 3 Reserves & Provisions
·    Provisions, Reserves – Meaning
·    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 Reserve and Revenue Reserve		 15 6
Unit 4 Bills of Exchange (Excluding retiring, renewal and accommodating Bills)
·    Bills of Exchange and Promissory Note: Definition,    features,    parties,    specimen    and distinction.
·    Important Terms:
Terms of  Bill, Due Date, Days of Grace, Date  of Maturity,     Bill     at     Sight,     Bill     after     Date, Discounting of Bill, Endorsement of Bill, Bill sent for  Collection,  Dishonour  of  Bill  and  Noting  of Bill.
·    Accounting  treatment  of  bills  of  exchange  till dishonour of bill.		 15 6
Total 100 40
FULL MARKS: 40 CLASS-XI
SEMESTER – I
SUBJECT: ACCOUNTANCY (ACCT)
Unit Topics Marks
Unit 1 Fundamental Accounting Process – II 20
Unit 2 Final Accounts of Sole Proprietor 10
Unit 3 Accounts of Non-Profit Seeking Organization 5
Unit 4 Accounts from Incomplete Records (Excluding conversion to Double Entry System) 5
Total 40
Question Paper Typology
Sl. No Typology of Questions Marks In %
1. Remembering & Understanding 12 30
2. Applying 20 50
3. Analyzing, Evaluating and Critical Understanding 8 20
Weightage to form Questions
Unit Details Unit Marks Question type No of Questions Marks of
each question		 Total Marks
Unit 1 Fundamental Accounting Process – II 20 Descriptive 2 5 [10+6+4=20]
SAQ Type 2 2 3
SAQ Type 1 2 2
Unit 2 Final Accounts of Sole Proprietor 10 Descriptive 1 5 [5+3+2=10]
SAQ Type 2 1 3
SAQ Type 1 1 2
Unit 3 Accounts of Non-Profit Seeking Organization 5 SAQ Type 2
SAQ Type 1		 1 3 [3+2=5]
1 2
Unit 4 Accounts from Incomplete Records (Excluding conversion to Double Entry System) 5 Descriptive 1 5 5
Total 40 40
CLASS-XI
SEMESTER – II
SUBJECT: ACCOUNTANCY (ACCT)
FULL MARKS: 40                                                                                   CONTACT HOURS: 80 HOURS COURSE CODE: THEORY
UNIT NO. TOPICS CONTACT
HOURS		 MARKS
Unit 1 Fundamental Accounting Process – II
·    Ledger:
Format,  Posting  from  Journal  and  Subsidiary Books, Balancing of Accounts.
·    Cash Book:
Simple  Cash  Book,  Cash  Book  with  Cash  and Bank Column and Petty Cash Book
·    Trial Balance:
Objectives, Meaning  and Preparation of  Trial Balance from Balances only.
·    Bank Reconciliation Statement:
Need;   Preparation   of   Bank   Reconciliation Statement(excluding amended cash book)
·    Rectification  of  Errors  (After  preparation  of Trial Balance but excluding after preparation of Final Accounts):
Preparation of Suspense Account
·    Depreciation:
Meaning,  Need  for  providing  Depreciation, factors   to   be   considered   while   computing Depreciation.
·    Methods    of    Depreciation:i.    Straight    Line Method    (SLM)    ii.    Written    Down    Value Method (WDV)
·    Difference between SLM and WDV;
·    Method     of     recording     Depreciation     by charging    to    asset    account    onlyincluding purchase and sale of Depreciable Assets.
Note – Excluding change of Method of Depreciation		 40 20
UNIT NO. TOPICS CONTACT
HOURS		 MARKS
Unit 2 Final Accounts of Sole Proprietor
·    Meaning, Objectives and Importance
·    Preparation of Manufacturing Account
·    Trading and Profit and Loss Account: Concepts of Gross profit, Operating profit and Net profit.
·    Balance Sheet:
Need, grouping and marshalling of assets and liabilities.
·    Preparation  of  Trading  and  Profit  and  Loss account    and    Balance    Sheet    of    a    sole proprietorship concern with adjustments:
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   and Manager’s Commission.		 20 10
Unit 3 Accounts of Non-Profit Seeking Organizations
·   Non-Profit Seeking organizations:
Concept
·   Receipts and Payments Account:
Meaning and Features.
·   Income and Expenditure Account:
Meaning and Features.
·    Preparation of Income and Expenditure Account from the given Receipts and Payments Account with additional information.		 10 5
Unit 4 Accounts from Incomplete Records (Excluding conversion to Double Entry System)
·    Features, reasons and limitations.
·    Preparation of Statement of Profit / Loss and Statement of Affairs.		 10 5
Total 80 40
[Note:   20 Hours reserved for Remedial Classes, Tutorials and Home Assignments]
CLASS – XI
COURSE CODE: PROJECT
Full Marks: 20 [Project Report: 10 Marks; Viva Voce: 10 Marks] Students need to undertake any oneproject out of the four topics given below at the end of Semester II of Class XI.
Topic 1 Preparation of at least 25 vouchers and  recording of  transactions with the help of these vouchers,   posting   the   Journal   Entries   in   Ledgers   and   preparation   of   Trial   Balance
therefrom.
Topic 2 Preparation  of  a  Cash  Book  with  cash  and  bank  columns  with  at  least  25  transactions including bank transactions.
Topic 3 Preparation of Bank Reconciliation Statement with the given Cash Book and the Pass Book with at least 25 transactions.
Topic 4 Preparation of Final Accounts of a Sole Trader from the given Journal Entries.
Full Marks: 40 ACCOUNTANCY (ACCT)
Class XII Semester -III
Unit Topic Marks
Unit 1 Accounting for Partnership Firms – I 15
Unit 2 Accounting for Company – I 10
Unit 3 Analysis of Financial Statements
OR
Computerized Accounts – I		 15
Total 40
Question Paper Typology
Sl. No. Typology of Questions Marks In %
1. Remembering & Understanding 12 30
2. Applying 20 50
3. Analyzing, Evaluating and Critical Understanding 8 20
Weightage to form Questions
Unit Topics Unit Marks Question type No. of Questions Marks of each
question		 Total Marks
Unit 1 Accounting for Partnership Firms – I 15 MCQ 15 1 15
Unit 2 Accounting for Company – I 10 MCQ 10 1 10
Unit 3 Analysis of Financial Statements
OR
Computerized Accounts – I		 15 MCQ 15 1 15
Total 40 40
CLASS XII
SEMESTER – III
SUBJECT: ACCOUNTANCY (ACCT
FULL MARKS: 40                                                                                 CONTACT HOURS: 100 HOURS
COURSE CODE: THEORY
UNIT
NO.		 TOPICS CONTACT
HOURS		 MARKS
Unit 1 Accounting for Partnership Firms – I
·    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.
·    Recommendations of Accounting Standards in relation to recognition of Goodwill.
Note: Interest on partner’s loan is to be treated as a charge against
profits.		 35 15
Unit 2 Accounting for Company – I
·      Features and types of companies.
·    Share and Share Capital: Nature and types.
·    Debentures: Meaning and 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.
·    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)		 25 10
Unit 3 Analysis of Financial Statements
·    Financial Statement Analysis:
Meaning,       Significance,       Objectives,       Importance       and Limitations.
·    Accounting Ratios:
Meaning, Objectives, Advantages, Classification and computation.
ü    Liquidity Ratios: Current Ratio and Quick Ratio.
ü    Solvency  Ratios:  Debt  to  Equity  Ratio,  Total  Asset  to Debt   Ratio,   Proprietary   Ratio   and   Interest   Coverage Ratio, Debt to Capital Employed Ratio.
ü    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.
ü    Profitability  Ratios:  Gross  Profit  Ratio,  Operating  Ratio, Operating  Profit  Ratio,  Net  Profit  Ratio  and  Return  on Investment.
·    Tools for Financial Statement Analysis :Comparative Statements, Common Size
Statements, Ratio Analysis.
OR
Computerized Accounts – I
Concept of Electronic Spreadsheet:
·    Concept, Data Entry, Text Management and Cell Formatting, Data Formatting, Output Reports, Preparation of Reports using Pivot Tables and Common Errors in Spreadsheet.
·    Payroll Accounting.
·    Data Graphs, Charts and Diagrams, Preparation of Graphs and Charts using Excel, Advantages of using Graphs and Charts.		 40 15
Total 100 40
Full Marks: 40 CLASS-XII
SEMESTER – IV SUBJECT: ACCOUNTANCY (ACCT)
Unit Topics Marks
Unit 1 Accounting for Partnership Firms – II 25
Unit 2 Accounting for Company – II 10
Unit 3 Cash Flow Statement
OR
Computerized Accounts – II		 5
Total 40
Question Paper Typology
Sl. No. Typology of Questions Marks In %
1. Remembering & Understanding 12 30
2. Applying 20 50
3. Analyzing, Evaluating and Critical Understanding 8 20
Weightage to form Questions
Unit Topics Unit Marks Question type No. of Questions Marks of
each question		 Total Marks
Unit 1 Accounting for Partnership Firms – II 25 Descriptive 2 5 [10+9+6=25]
SAQ Type 2 3 3
SAQ Type 1 3 2
Unit 2 Accounting for Company – II 10 Descriptive 1 5 [5+3+2=10]
SAQ Type 2 1 3
SAQ Type 1 1 2
Unit 3 Cash Flow Statement
OR
Computerized Accounts – II		 5 Descriptive 1 5 [5]
Total 40 40
CLASS XII
SEMESTER –IV
SUBJECT: ACCOUNTANCY (ACCT)
Full Marks: 40                                                                                       CONTACT HOURS: 80 HOURS
COURSE CODE: THEORY
UNIT
NO.		 TOPICS CONTACT
HOURS		 MARKS
Unit 1 Accounting for Partnership Firms – II
·    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.
·    Admission of a partner:
Effect  of  admission  of  a  partner  on  change  in  the  Profit- Sharing   Ratio,   Treatment   of   Goodwill,   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.		 50 25
UNIT
NO.		 TOPICS CONTACT
HOURS		 MARKS
·    Retirement and death of a partner:
Effect of Retirement / Death of a Partner on change in Profit Sharing    Ratio,    Treatment    of    Goodwill,    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 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)).
Unit 2 Accounting for Share Capital – II
·    Accounting for share capital:
Issue   and   allotment   of   equity   and   preferences   shares including simple problems on prorata allotment.
·    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.
·    Forfeiture and reissue of shares:
Accounting treatment.
·    Disclosures:
Disclosure   of   Share   Capital   in   the   Balance   Sheet   of   a
company  as  per  Schedule  III,  Part  I  of  the  Companies  Act, 2013.		 20 10
Unit 3 Cash Flow Statement
·    Indirect     Method     of     AS-3     (Revised)     and     without Adjustments:
Meaning, Objectives, Benefits, Cash and Cash Equivalents, Classification  of  Activities  and  Preparation  of  Cash  Flow Statement
OR
Computerized Accounts – II
·    Data Base Management System:
Defining Data Base Requirements, Identification of Data to be stored in tables, Structure of Data.
·    Creating Data Table for Accounting, Using Queries, Forms and  Reports  for  generating  accounting  information  with
the help of Microsoft Access Software.		 10 5
Total 80 40
[Note:   20 Hours reserved for Remedial classes, Tutorials and Home Assignments.]
CLASS – XII
COURSE CODE: PROJECT
Full Marks: 20 [Project Report: 10 Marks; Viva Voce: 10 Marks] Students need to undertake any oneproject out of the four topics given below
at the end of Semester IV of Class XII.
Topic 1 Analysis of Financial  Statements of a concern applying the  tools of Ratio Analysis  from a given Balance Sheet.
Topic 2 Analysis  of  Financial  Statements  of  two  concerns  applying  the  tools  of  Comparative  and
Common size Statements.
Topic 3 Preparation  of  Cash  Flow  Statement  from  given  Financial  Statement  of  at  least  two
business enterprises.
Topic 4 Preparation of an imaginary Balance Sheet of any concern as per the Companies Act, 2013
along with Notes to Accounts from a given set of information.
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