(NIOS Syllabus) Class 12 NIOS Syllabus | Accountancy 2012

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Accountancy Syllabus Class XII
Sr Secondary Course (Accountancy)
CURRICULUM

1. RATIONALE
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.

OBJECTIVES :
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 ModulesMarksTime (Hrs)
1Introduction to Financial Accounting617
2Accounting terms, Accounting equation and Journal616
3Voucher Approach in Accounting1240
4Bank Reconciliation Statement615
5Financial Statements1530
6Partnership Accounts2045
7Accounting for Share Capital1552
Total80195
Choose any one out of two Modules 8 to 9
8Analysis of Financial Statements45
9Final Accounts of Non-Trading Organisation20
Total100240

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

Approach
This module has been designed to introduce Accounting to learners. This module will familiarise the learners with Basic Assumptions, Concepts and Conventions of Accounting.

Prerequisite Knowledge
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

Approach
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.

Pre-Requisite Knowledge
Familiarity with items of merchandise and Mathematical equation.

Content Units

  • 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

Approach
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.

Pre-Requisite Knowledge
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

Approach
This module has been designed to explain the reasons responsible for the differences between the balance shown by Cash Book and Pass Book.

Pre-Requisite Knowledge
Familiarity with Cash Book and Pass Book

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Ask a Question:

  • how many marks requered to pass in accountancy and all subject like english business studies eco

    navya jose on 23 Feb 2013
  • WHAT IS THE PASSING MARKS IN PHYSICS CHEMISTRY AND MATHS?
    IS THERE A SYSTEM OF PASSING IN BOTH THEORY AND PRACTICAL EXAMS AS PER C.B.S.E EXAMS?
    KINDLY PROVIDE ME WITH THE VALUABLE INFORMATION.

    Roshan Toppo on 10 Jan 2013
  • what if something else also comes out of the topic???like on syallabus its given.but some other topics also comes excluding the topics given??so what to do???

    thomas on 07 Jan 2013
  • I am 42 years old have passed BSc honours in home sciece can I now study only accountancy for class 11 and 12

    kavita poddar on 20 Nov 2012
  • 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
    5 Financial Statements 15 30
    6 Partnership Accounts 20 45
    7 Accounting for Share Capital 15 52

    MAHESH THAPA on 05 Jul 2012
  • What is the passing marks in accountancy in
    12 cbse out of 100?kindly tell me.

    sandipan haldar on 18 Mar 2012
  • i want account 320 book. i gone 2 your study center they dont have book so please help me where should i get?

    pranav barot on 13 Feb 2012
  • after a watch at 2010 class 12 accoutancy board paper i came to knw that theory comes the most
    is that true???

    nandini on 12 Jan 2012
  • IN NIOS EXAMS WHAT IS THE TOTAL MARKS IN ACCOUNTS FOR CLASS 12?
    AND WHAT IS THE PASSING MARKS?
    DOES CBSE AND NIOS FOLLOW THE SAME SYLLABUS IN ACCOUNTANCY FOR CLASS 12?

    Sunanda Bharti on 18 Sep 2011
  • I searching for the accounting solution and guide but gating please forward me how can i get it.

    yubraj bohora on 25 Apr 2011
  • Does CBSE and NIOS follow the same syllabus in accountancy for Class 12?

    MANSI AJMANI on 01 Apr 2011