Accountancy is a very practical subject with real-world applications in various fields of education and work. From the time of the first industrial activities to the current global era of service economies, the domain of accounting has moved beyond simple record keeping and preparation of financial reports to more novice forms of transaction records. Accounting is an indispensable activity of any firm or business, regardless of its size or the nature of the industry. The introduction to this field of financial statements and book-keeping begins with the ICSE Syllabus for Class 11 Accountancy.
The ICSE board is a tough one with regards to the amount of course content that they present to students and also the advancement of the syllabus. This fact is very much evident in the ICSE Syllabus for Class 11 Accountancy which includes, in equal parts, theories, concepts and new terminologies on the one hand along with a vast number of numerical exercises on the other. This includes topics like Journal, Ledger and Trial Balance, Bank Reconciliation Statement, Depreciation, Provisions and Reserves, Bills of Exchange, Final Accounts and Concept of Trading, Profit and Loss account and Balance Sheet (with and without adjustments), Marshalling of Balance Sheet, Accounts from incomplete records, Non-Trading Organisation and Rectification of Errors followed by a note on Introduction to the Use of Computers in Accounting.
The basic concepts include commonly used abbreviations like IFRS (International Financial Reporting Standards) and GAAP (Generally Accepted Accounting Principles), followed by a note on the types of accounts, basic terms used in accounting and Accounting Standards and Accounting Equation. This section is simply an overview and introduction to the rest of the ICSE Syllabus for Class 11 Accountancy. This and all other complex topics of the Accountancy course can be studied with simple yet detailed explanations on Extramarks which is one of India's fastest growing online education platform that caters to the learning needs and challenges of all students, regardless of their academic background.
Extramarks provides a comprehensive study guide for the entire ICSE Syllabus for Class 11 Accountancy which contains chapter-wise solutions to textbook exercises, audio-visual modules for each separate topic and more. These study materials also prove to be of great help for students who are preparing for the CA CPT exam. To know more, download the Extramarks learning app today. For more details just do visit our site directly:- https://www.extramarks.com/study-material/icse-class-11/accountancy