CUET Accountancy Syllabus 2024, Unit Wise Detailed Syllabus, Check Important Topics

Unit 

Topics 

Accounting for Not-for-Profit Organizations and Partnership Firms 

Unit 1: Accounting Not-for-Profit Organisation 

• Not-for-Profit Organisation: Meaning and Examples, Receipts and Payments: Meaning and Concept of fund-based and non-fund-based accounting, preparation of expenditure and income account, and balance sheet from receipt and payment account with additional information. 

Unit 2: Accounting for Partnership 

• Nature of Partnership firm: Partnership deed (meaning, importance). 
• Final Accounts of Partnership: Profit and Loss Appropriation Account, Fixed v/s fluctuating capital. 

Unit 3: 

Reconstitution of Partnership 

• Changes in profit sharing ratio among the existing partners- Sacrificing and Gaining ratios. 
• Accounting for Revaluation of Assets and Liabilities and Distribution of reserves and accumulated profits 
• Goodwill: Nature, Factors affecting and methods of valuation: Average profit, multiplier, super profit, and capitalization methods. 
• Admission of a Partner: Change in profit sharing ratio, the effect of admission of a partner, the Accounting treatment for goodwill, reserves (accumulated profits), revaluation of assets and liabilities, and adjustment of capital. 
• Retirement/Death of a partner: Change in profit sharing ratio, revaluation of assets and liabilities, accounting treatment of goodwill, adjustment of accumulated profits (Reserves). 

Unit 4: Dissolution of Partnership firm 

• Meaning, Settlement of accounts: Preparation of realization account and related accounts (Excluding piecemeal distribution, sale to a company, and insolvency of a Partner). 

Company Accounts and Financial Statements Analysis 

Unit 5: Accounting for Share and Debenture Capital 

• Share Capital: Meaning, Nature, and Types. 
• Accounting for Share Capital: Issue and Allotment of Equity and Preference shares, Oversubscription and Under subscription, the issue at par, premium, and discount, calls in advance, calls in arrears, issues of shares for consideration, and other than cash. 

• Forfeiture of Shares: Accounting treatment, re-issue of forfeited shares. 
• Presentation of shares and debentures capital in the company’s balance sheet. 
• Issue of Debenture- At par, premium, and discount, issue of debentures for consideration other than cash. Redemption of the debenture. 
• Out of proceeds of fresh issue, accumulated profits, and sinking fund.  

Unit 6: Analysis of Financial Statement 

• Financial Statement of a company: Preparation of simple financial statements of a company in the prescribed form with major headings only. 
• Financial Analysis: Meaning, Significance, Purpose, Limitations. 
• Tools for Financial Analysis: Comparative statements, common size statements. 
• Accounting Ratios: Meaning and objectives, types of ratios: Liquidity ratios: Current ratio, liquidity ratio. Solvency Ratio: Debt to equity, total assets to debt, proprietary ratio. Activity Ratio: Inventory turnover, debtor turnover, payables turnover, working capital turnover, fixed assets turnover, current assets turnover. Profitability ratio: Gross profit, operating ratio, net profit ratio. Return on investment, earnings per share, dividend per share, Profit earning ratio 

Unit 7: Statements of changes in financial position 

• Cash Flow Statement: Meaning and Objectives, Preparation, Adjustments related to depreciation, dividend and tax, sale and purchase of non-current assets (As per revised standard issued by ICAI). 

Computerized Accounting System 

Unit I: Overview of Computerized Accounting System 

• Concept and Types of Computerized Accounting System (CAS). Structure of a Computerized Accounting System Features of a Computerized Accounting System. 

Unit 2: Using Computerized Accounting System 

• Steps in the installation of CAS, Preparation of chart of accounts, Codification, and Hierarchy of Accounts heads. 
• Adjusting entries, Preparation of financial statements, closing entries, and opening entries. 
• Data entry, Data validation, and Data verification. 
• Security of CAS and Security features are generally available in CAS. (Students are expected to understand and practice the entire accounting process using an accounting package.)

Unit III: Accounting using Database Management System (DBMS) 

• Concepts of DBMS. Objects in DBMS: Tables, Forms, Queries, and Reports. 
• Creating data tables for accounting. 
• Using queries, forms, and reports for generating accounting information. Application of DBMS in generating accounting information like shareholders’ records, customer’s profiles, sales reports, supplier’s profiles payroll, employees’ profiles, and petty cash registers. 

Unit IV: Accounting Applications of Electronic Spreadsheet 

• Concept of an Electronic Spreadsheet (ES). 
• Features offered by Electronic Spreadsheet. 
• Applications of Electronic spreadsheets in generating accounting information, loan repayment schedules, preparing depreciation schedules, payroll accounting, and other such companies. 

Particulars 

Details 

Status of CUET Accountancy Syllabus

CUET Exam Conducting Body

Medium of Exam

Number of questions

Type of questions

Marking Scheme

-1 for each incorrect answer

CUET Accountancy Mapping for Courses

B.Com (Hons.)