Accounts Grades 11 - 12

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The Accounts curriculum for Grades 11 and 12 introduces students to the principles of financial accounting, equipping them with the knowledge and skills required to manage, record, and interpret financial data. The course lays a strong foundation for understanding business operations, financial reporting, and decision-making, preparing students for higher studies in commerce and careers in accounting, finance, and business management.


Grade 11: Financial Accounting – Foundations

The Grade 11 syllabus focuses on the basics of accounting, its purpose, and its role in financial decision-making.

Units of Study:

  1. Introduction to Accounting:

    • Meaning, objectives, and importance of accounting.
    • Types of accounting: financial, cost, and management.
    • Accounting principles and concepts.

  2. Recording of Transactions:

    • Accounting equation and double-entry system.
    • Journal entries, ledger accounts, and trial balance.

  3. Preparation of Financial Statements:

    • Trading and profit & loss accounts.
    • Balance sheet with adjustments.

  4. Bank Reconciliation Statement (BRS):

    • Need for reconciliation and preparation of BRS.

  5. Depreciation, Provisions, and Reserves:

    • Methods of depreciation: straight-line and diminishing balance.
    • Creation and utilization of provisions and reserves.

  6. Accounting for Bills of Exchange:

    • Concepts, terms, and journal entries for bills receivable and payable.

  7. Rectification of Errors:

    • Identification and correction of errors in accounting records.
Grade 12: Advanced Accounting and Financial Management

The Grade 12 syllabus focuses on advanced accounting principles, corporate accounts, and partnership firms.

Units of Study:

  1. Accounting for Partnership Firms:

    • Partnership deed, profit sharing, and reconstitution of partnership.
    • Admission, retirement, and dissolution of a partnership firm.

  2. Accounting for Companies:

    • Issue and forfeiture of shares.
    • Issue of debentures and their redemption.

  3. Analysis of Financial Statements:

    • Tools for analysis: comparative and common-size statements.
    • Ratio analysis: liquidity, profitability, and solvency ratios.

  4. Cash Flow Statement:

    • Preparation and interpretation as per Accounting Standards.

  5. Accounting for Non-Profit Organizations:

    • Preparation of receipts & payments account, income & expenditure account, and balance sheet.

SIMILAR COURSES