(NIOS Syllabus) Class 12 NIOS Syllabus | Accountancy
Accountancy Syllabus Class XII
Sr Secondary Course (Accountancy)
Accountancy is an important language of business. Its knowledge has become indispensable for recording and analysing business transactions, interpreting the business results thereof and initiating future action.
The highlights of this course include:
a) the knowledge of principles and practices of financial accounting;
b) the preparation of financial statements of Trading and Non-Trading Organisations.
c) the detailed knowledge of Accounting Vouchers prepared by business concerns;
d) the promotion of knowledge about Savings A/c, Cash Book, Pass Book, etc.
e) the provision of elementary knowledge of Computers in Accounting (to be introduced later on)
The modules one to seven (Core Modules) have been considered essential for all learners to study. However, the learners are expected to opt for any one module out of two optional modules depending on his/her interests.
This course aims at enabling the learners to:
develop skills of recording business transactions, maintaining accounts and interpreting the results thereof.
– develop skills to prepare Accounting Vouchers to increase competence for employment.
– join higher stream of accounting education.
– join professional Courses in Accounting Stream.
DISTRIBUTION OF MARKS :
|S.No.||Core Modules||Marks||Time (Hrs)|
|1||Introduction to Financial Accounting||6||17|
|2||Accounting terms, Accounting equation and Journal||6||16|
|3||Voucher Approach in Accounting||12||40|
|4||Bank Reconciliation Statement||6||15|
|7||Accounting for Share Capital||15||52|
|Choose any one out of two Modules 8 to 9|
|8||Analysis of Financial Statements||45|
|9||Final Accounts of Non-Trading Organisation||20|
IMPORTANT NOTE FOR PAPER SETTERS AND LEARNERS APPLICATION:
Paper setters may set questions asking journal entries for marks not exceeding 20. Such questions can be from one topic or combination of topics.
Module 1. Introduction to Financial Accounting 6 Marks
This module has been designed to introduce Accounting to learners. This module will familiarise the learners with Basic Assumptions, Concepts and Conventions of Accounting.
General idea of profit or loss, transactions.
Content Units :
- Unit 1. Accounting-An Introduction
–Business transactions, Book-keeping, Accounting and its branches.
–Nature, functions and objectives of Financial Accounting.
- Unit 2. Accounting Assumptions:
–Meaning, Assumptions: Business Entity, Money Measurement, Going Concern and Periodicity.
- Unit 3. Accounting Concepts
–Meaning, concepts: Matching, Accrual, Realisation and Dual Aspect Concept.
- Unit 4. Accounting Conventions
–Meaning, Conventions: Consistency, Full disclosure, Materiality, Conservatism.
Module 2: Accounting Terms, Accounting Equation and Journal: 6 Marks
This module had been designed to familiarise the students with different accounting terms, accounting equation and journal approach to accounting. This will enable them, i) to prepare Accounting equation. ii) to make journal entires for business transactions.
Familiarity with items of merchandise and Mathematical equation.
- Unit 1. Accounting Terms
–Meaning and significance of different Accounting terms like Assets, Liabilities, Capital, Revenues and Expenses.
- Unit 2. Accounting Equation
–Need of Accounting equation, Meaning and preparation of Accounting equation.
- Unit 3. Rules of Accounting
–Meaning of Accounts, Type of Accounts: Assets, Liabilities, Capital, Revenue and Expense, Rules of Debit and Credit on the basis of Accounting Equation.
- Unit 4. Journal
–Meaning, classification of journal into General journal and special journals (with examples). Incorporation of journal entries involving different accounts.
- Unit 5: Cash Book
–Meaning, types-Simple Cash Book, Two column Cash Book and Three column Cash Book.
Module 3 Voucher Approach in Accounting 12 Marks
This module has been designed to familiarise the learners with different types of accounting vouchers usually prepared by business concerns. This will enable the learners to prepare accounts.
Familiarity with cash memos, bills, house, Rent Receipt, Electricity bill, Telephone bill, etc.
- Unit 1: Vouchers and their preparation
Meaning, usefulness and types of vouchers (Accounting Vouchers and Supporting Vouchers), preparation of Accounting Vouchers: Debit Voucher, Credit Voucher, Transfer Voucher.
- Unit 2 Day Book and Subsidiary Day Books
Meaning Classification of Day Book: Simple Day Book, Day Book with a transfer column, Day Book with Bank and transfer column, Classification of Subsidiary Day Books: Purchases Day Book, Sales Day Book, Purchases Returns Day Book, Sales
Returns Day Book.
- Unit 3: Recording the vouchers into Day Books
Recording into Simple Day Book, Day Book with Transfer Column, Day-Book with Bank Column.
- Unit 4: Recording the Vouchers into Subsidiary Day Books
Recording into Purchases Day Book, Sales Day Book, Sales Returns Day Book, Puchases Returns Day-Book..
- Unit 5: Ledger Posting of Day Book
Meaning and format of Ledger, Posting the items from Day Book to Ledger A/cs.
- Unit 6: Posting of Subsidiary Day Books
Posting the items from Subsidiary Day Books to Ledger A/cs.
- Unit 7: Trial Balance
Meaning, objective and format of Trial Balance, Preparation of Trial Balance from Ledger balances.
- Unit 8: Errors and their Rectification
Meaning of Accounting error, Classification of errors, Rectification of errors through journal and Accounting vouchers, Need and Preparation of Suspense A/c.
Module 4: Bank Reconciliation Statement 6 Marks
This module has been designed to explain the reasons responsible for the differences between the balance shown by Cash Book and Pass Book.
Familiarity with Cash Book and Pass Book
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