Economics in Class 11 under the Central Board of Secondary Education (CBSE) in India is structured to introduce students to the fundamental concepts of both microeconomics and macroeconomics, laying a foundational understanding of economic principles, theories, and their applications. The curriculum is designed to develop students’ analytical skills and enable them to understand economic issues from both a national and global perspective.

Part A: Accounting for Not-for-Profit Organizations, Partnership Firms, and Companies

1. Accounting for Not-for-Profit Organizations: Preparation of Receipts and Payments Account, Income and Expenditure Account, and Balance Sheet for non-profit organizations.
2. Accounting for Partnership Firms: Fundamentals of partnership accounts, Reconstitution of a Partnership Firm including admission, retirement, and death of a partner, Dissolution of Partnership Firms.
3. Accounting for Companies: Accounting for Share Capital, Issue and redemption of debentures, and preparation of financial statements of companies.

Part B: Financial Statement Analysis

1. Analysis of Financial Statements: Tools for financial statement analysis: Comparative statements, common size statements, cash flow analysis, ratio analysis.
2. Cash Flow Statement: Preparation of Cash Flow Statement.

Part C: Project Work

Project work in Class 12 Accountancy is intended to foster practical understanding and application of the accounting principles and practices. Students are encouraged to undertake comprehensive projects that involve collecting financial information, analyzing it, and presenting their findings. Projects can include case studies, computerized accounting, and analysis of financial statements of companies.

Elective Part: Computerized Accounting

1. Overview of Computerized Accounting System: Introduction to computerized accounting, features, structure, and types of accounting software, its advantages and limitations.
2. Using Computerized Accounting System: Handling different types of transactions through an electronic or computerized accounting system.
3. Accounting Using Database Management System (DBMS): Basic concepts of DBMS, its advantages, and how it is applied in accounting.

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