A boon for the students of class 11, this textbook of Accountancy Financial Accounting (Part – 2) has been published by NCERT. It maintains strict parity with the syllabus and guidelines that have been prescribed by the CBSE. It comes enriched with content that is written in simple language so that the students can grasp the core concepts of Accountancy quite easily.

Topics Covered in the Textbook

Chapter 9: Financial Statements

• Stakeholders and Their Information Requirements

• Distinction between Capital and Revenue

• Financial Statements

• Trading and Profit and Loss Account

• Operating Profit (EBIT)

• Balance Sheet

• Opening Entry

Chapter 10: Financial Statements

• Need for Adjustments

• Closing Stock

• Outstanding Expenses

• Prepaid Expenses

• Accrued Income

• Income Received in Advance

• Depreciation

• Bad Debts

• Provision for Bad and Doubtful Debts

• Provision for Discount on Debtors

• Manager’s Commission

• Interest on Capital

• Methods of Presenting the Financial Statements

Chapter 11: Accounts from Incomplete Records

• Meaning of Incomplete Records

• Reasons of Incompleteness and its Limitations

• Ascertainment of Profit and Loss

• Preparing Trading and Profit and Loss Account and the Balance Sheet

Chapter 12: Applications of Computers in Accounting

• Meaning and Elements of Computer System

• Capabilities of Computer System

• Limitations of a Computer System

• Components of Computer

• Evolution of Computerised Accounting

• Features of Computerised Accounting System

• Management Information System and Accounting Information System

Chapter 13: Computerised Accounting System

• Concept of Computerised Accounting System

• Comparison between Manual and Computerised Accounting494

• Advantages of Computerised Accounting System

• Limitations of Computerised Accounting System

• Sourcing of Accounting Software

• Generic Considerations before Sourcing an Accounting Software

Chapter 14: Structuring Database for Accounting

• Data Processing Cycle

• 14Designing Database for Accounting

• Entity Relationship (ER) Model

• Database Technology

• An Illustration of Accounting Database

• Relational Data Model

• Relational Databases and Schemas

• Constraints and Database Schemas

• Operations and Constraint Violations

• Designing Relational Database Schema

• llustrating the Database Structure for Example Realities

• Interacting with Databases

Chapter 15: Accounting System Using Database Management System

• MS Access and its Components

• Creating Tables and Relationships for Accounting Database

• Vouchers Using Forms

• Information Using Queries

• Generating Accounting Reports

Salient Features of the Textbook:

• The chapters that have been divided into several subsections so that the students can learn all of the elementary concepts, one at a go.

• Exercises at the end of each chapter let the students self-assess their acquired knowledge base.

• The pre-solved examples let the students understand each and every step of a problem clearly so as to enable them to further do it all by themselves.