CLASS XI COMMERCE STREAM

Transcription

1 SYLLABUS FOR THE SESSION MONTH ENGLISH MATH BUSINESS STUDIES ECONOMICS ACCOUNTANCY APRIL Reader Prose - The Eyes Have It by Ruskin Bond. - Novel: The Canterville Ghost Chapters 1&2 - Articles - Reported Speech CHAPTER 3- TRIGONOMETRIC FUNCTIONS CLASS XI COMMERCE STREAM UNIT 1 NATURE AND PURPOSE OF BUSINESS Concept and characteristics of business Business, profession and employment meaning & distinctive features Objectives of business economic and social, role of profit in business. Classification of business activities: Industry & Commerce Industry types: primary, secondary, tertiary meaning & sub types. Commerce Trade: types and Auxiliaries to trade Business risks meaning, nature and causes. UNIT 2 FORMS OF BUSINESS ORGANISATIONS Sole Proprietorship meaning, features, merits and limitations Joint Hindu Family Business features. Introduction to statistics Indian Economy on The Eve of Independence Ch 1 Introduction of Accounting Accounting objectives, advantages and limitations, types of accounting information, users of accounting Information and their needs. Ch 2. Basic Accounting Terms. Business transaction, account, capital, drawings, liability (Non-current and Current), Asset (Non-current, Tangible and Intangible assets and Current assets), Receipts (current and revenue), expenditure (capital, revenue and deferred), expense, income, profits, gains and losses, purchases, purchase returns, sales, sales returns, stock, trade receivables, (debtors and bills receivable), Trade payables (creditors and bills payables), goods, cost, vouchers, discount-trade and cash. Ch 3 Theory Base of Accounting Fundamental Accounting Assumptions : Going concern,

2 MAY JULY : - The Stalled Ox Reading Skills: - Note making : - Active and Passive Voice - My Mother at 66 - Modern Machinery - The Homecoming - Letter to the Editor - Notice - Conditionals, Prepositional phrases CHAPTER 3- TRIGONOMETRIC FUNCTIONS(Contd..) CHAPTER 1- SETS CHAPTER 1- SETS(Contd..) CHAPTER 2- RELATIONS & FUNCTIONS CHAPTER 4- PRINCIPLE OF MATHEMATICAL INDUCTION UNIT 2 FORMS OF BUS ORG Partnership features, types, registration, merits, limitations, types of partners, partnership deed Cooperative Societies features, types, merit and limitations Company (Private Ltd., Public Ltd.) features, merits, limitations UNIT 2 FORMS OF BUSINESS ORGANISATIONS Formation of a company--four Stage, important documents (MOA, AOA, relevance of certificate of incorporation and certificate of commencement. Starting a business---basic Collection of data Organization of data Indian Economy from Presentation of data Economic reforms since 1991 Consistency, Accrual Accounting Principles: Accounting entity, Money Measurement, Accounting Period, Full Disclosure, Materiality,, Prudence, Historical Cost, Matching, Dual aspect. Accounting Standards and IFRS (International Financial Reporting Standards): concept and, objectives. Chapter 4: Base of Accounting. Cash and accrual basis of accounting. Ch 5 Accounting Equation. Accounting Equation: Analysis of Transactions using Accounting Equation. Ch 6 Accounting Procedure. Rules of Debit and Credit: for assets, liabilities, capital, revenue and expense. Ch 7 Preparation of Vouchers. Origin of Transactions Source Documents (invoice, cash memo, pay in slip, cheque), preparation of Vouchers- cash (debit and credit) and non-cash (transfer). Ch 8 Journals and Ledgers. Books of original entry: format and recording - Journal. Ledger-format, posting from journal, cash book and other special books, balancing of accounts. Ch 9 Special Purpose Books 1 Cash Book.

3 AUGUST and clauses - Rearranging the sentences Reading Skills: Comprehension Note making - The Dream and The Message - Missed - The Never Never Nest - Job application - Advertisements - Modals CHAPTER 9 SEQUENCES & SERIES CHAPTER 5 - COMPLEX NUMBERS & QUADRATIC EQUATIONS factors UNIT 3 PRIVATE, PUBLIC AND GLOBAL ENTERPRISES Private Sector and Public Sector enterprises. Forms of public sector enterprises----features, merits and demerits of Departmental Undertaking, Statutory Corporation and Government Company Changing role of public sector enterprises. Global Enterprises, Joint ventures, Private, Public Partnership-features. UNIT 4 BUSINESS SERVICES Banking types of banks accounts- saving, current, recurring, fixed deposits and multiple option deposit account. UNIT 4 BUSINESS SERVICES Banking services with particular reference to issue of bank draft, banker s cheque (pay order), RTGS, NEFT, bank overdraft, cash credits and e-banking. Insurance principles, concept of life, health, fire and marine insurance. Postal and telecom services: mail(upc, registered post, parcel, speed post and courier) Measures of central tendency Rural development Cash book: Simple Cash Book, Cash Book with Discount Column and Cash Book with Bank and Discount Columns, Petty Cash Book. Ch 10 Special Purpose Books 2 Other Books. Other books: purchases book, sales book, purchases returns book, sales returns book and journal proper. Ch 11 Bank Reconciliation Statement. Calculating bank balance at accounting date: need and preparation. Corrected cash book balance. Ch 12 Trial Balance. Trial balance : Objectives and Preparation of Trial Balance with balance method only. Ch 13 Depreciation. Depreciation: concept, need and factors affecting depreciation, methods of computation of depreciation,- straight line method, written down value method (excluding change in method) Accounting treatment of depreciation: by charging to

4 SEPTEMBER - Factual Description CHAPTER 6- LINEAR INEQUATIONS REVISION FOR HALF YEARLY EXAM and other services. UNIT 5 EMERGING MODES OF BUSINESS E-Business scope and benefits, resources required for successful e-banking implementation, online transactions, payment mechanism, security and safety of business transactions. Outsourcing concept, need and scope of BPO (Business Process Outsourcing) & KPO (Knowledge Process Outsourcing). Smart cards and ATM s meaning and utility. UNIT 6 SOCIAL RESPONSIBILITY OF BUSINESS AND BUSINESS ETHICS Concept of social responsibility. Case for social responsibility. Responsibility towards owners, investors, consumers, employees, government, and community. Environmental protection and business Business ethics--concept and Human capital formation Poverty assets account, by creating provision for depreciation/accumulated depreciation account, treatment of disposal of asset. Ch 14 : Provisions and Reserves. Concept, objectives and difference between provisions and reserves, types of reserves-revenue reserve, capital reserve, general reserve and specific reserve. Ch 15 Bills of Exchange. Bills of Exchange and Promissory Notes : Definition, Features, Parties, Specimen, Distinction. Important Terms : Term of Bill, Due Date, Days of Grace, Date of Maturity, Discounting of bill, Endorsement of bill, Bill sent for collection, Dishonor of bill, Noting of bill, Retirement and Renewal of a bill.accounting Treatment of bill transactions Ch 16: Errors and their Rectification. Errors : Types-- errors, of omission, commission, principles and compensating, their effect of Trial Balance. Detection and Rectification of Errors. Preparation of Suspense Account.

5 OCTOBER NOVEMBER :- - A Psalm of Life - Quality - Novel- Chap 5 - Formal/ Business Letters - Speech - A Doctor s Journal Entry - Too bad! - Dialogue writing - Questionnaire : - Report Writing CHAPTER 8- BINOMIAL THEOREM CHAPTER 12- INTRODUCTION TO 3-D GEOMETRY CHAPTER 10- STRAIGHT LINES CHAPTER 10- STRAIGHT LINES(Contd..) CHAPTER 11- CONIC SECTIONS CHAPTER 7- PERMUTATIONS & COMBINATIONS elements. UNIT 7 SOURCES OF BUSINESS FINANCE Concept of business finance. UNIT 7 SOURCES OF BUSINESS FINANCE sources owners funds and borrowed funds Owner s fund equity shares, preference shares, GDR, ADR and IDR and retained earnings. Borrowed funds debentures and bonds, loan from financial institutions, loans from commercial banks, public deposits, trade credit, ICD(Inter Corporate Deposits) UNIT 8 SMALL BUSINESS Small scale enterprise as defined by MSMED Act 2006 (Micro, Small and Medium Enterprise Act). Role of small business in India with special reference to Rural Areas. Government Schemes and agencies for small scale industries: NSIC and DIC with special reference to rural, backward and hilly areas. UNIT 9 INTERNAL TRADE Services rendered by a wholesaler and retailer Types of Retail Trade--- Employment growth informalisation and other issues Measures of dispersion correlation Ch 17 Financial Statement of Sole Proprietorship. Financial Statement: Objectives and Importance. Profit and Loss account: gross profit, operating profit and net profit. Balance Sheet: need, grouping, marshalling of assets and liabilities, Preparation of Trading and Profit and Loss Account and Balance Sheet of sole proprietorship. Ch 18 Adjustments in Preparation of Financial Statements. Adjustments in preparation of Financial Statements: with respect to closing stock, outstanding expenses, prepaid expenses, accrued income, income received in advance, depreciation, bad debts, provision for doubtful debts, provision for discount on debtors, manager s commission, abnormal loss, goods taken for personal use and goods distributed as free samples. Preparation of Trading and Profit and Loss Account and Balance Sheet of sole proprietorship with adjustments.

6 DECEMBER JANUARY - Teacher, Teacher - Old man at the bridge - Simple, Complex and Compound Sentences Language Skills Book - Ethics and Values - Listening Speaking Skills (Phonetics) CHAPTER 16- PROBABILITY CHAPTER 13- LIMITS & DERIVATIVES CHAPTER 15- STATISTICS CHAPTER 14- MATHEMATICAL REASONING LOGARITHMS Itinerant retailers and small scale fixed shop. Project work UNIT 9 INTERNAL TRADE Large scale retailers-- Departmental store, chain store, mail order business, Concept of Automatic Vending Machine Chambers of Commerce and Industry- basic functions. Main documents used in internal trade: Performa invoice, invoice, debit note, credit note, LR (Lorry Receipt) and RR(Railway Receipt). Terms of trade: COD(Cash on delivery), FOB(Free on Board), CIF(Cost Insurance and freight), E&OE(Errors and Omissions Excepted) UNIT 10 INTERNATIONAL BUSINESS Meaning, difference between internal and external trade. Meaning and characteristics of International trade. UNIT 10 INTERNATIONAL BUSINESS Problems of International Trade: advantages and disadvantages of international trade. Export Trade meaning, objective and procedure of Export Trade. Import Trade Meaning, objectives and procedure of Index numbers Project in economics Environment,sustainable development and inflation Infrastructure India s relation with its Neighbours Ch. 19: Accounts from Incomplete Records Meaning, uses and limitations. Ascertainment of Profit or Loss by Statement of affairs Method. Ch. 20 Financial Statements of Not-for-Profit Organization. (a) Not for Profit Organization: concept. (b) Receipts and Payments: features. (c)income and expenditure account: features. (d) Preparation of Income and Expenditure account and Balance Sheet from the given Receipts and Payments account with additional information. Ch.21 Computers in Accounting. Introduction to Computers and Accounting Information System (AIS): Introduction to computers (elements, capabilities, limitations of computer system). Introduction to operating software, utility software and application software.

7 Import Trade. Documents involved in International Trade Documents involved in export trade, indent, letter of credit, shipping order, shipping bills, mate s receipt, bill of lading, certificate of origin, consular invoice, documentary bills of exchange (DA/DP), specimen, importance. World Trade Organization ( WTO) meaning and objectives. Project work FEBRUARY Revision Revision Revision Revision Revision Introduction to Accounting Information Software (AIS) as a part of MIS. Automation of Accounting Process: Meaning, Steps in automation: (a) Accounting process in a computerized environment (comparison between manual accounting process and computerized accounting process.) (b) Sourcing of accounting software (kinds of software: readymade software, customized software and tailor-made software. Generic considerations before sourcing accounting software.) (c) Creation of account groups and hierarchy.(d) Generation of reports Trial Balance, Profit and Loss account and Balance Sheet.