CUET Accountancy Syllabus 2023
Looking for, the CUET Accountancy syllabus for the 2023 entrance exam for B.com and B.com(H) admission to DU and other central universities for Undergraduate courses.
Here is the complete detailed syllabus of it.
Syllabus of CUET Accounts for 2022 Entrance Examination
Note:- There will be one Question Paper that will have 50 questions out of which 40 questions need to be attempted.
Accounting for Not-for-Profit Organisations and Partnership Firms
Below are the Unit in this section
Read Here:- CUET Economics Syllabus for B.com, B.A programe in Central Universities 2022
Read Here:- CUET Business Studies Syllabus for B.com, B.com(H) 2022 Exam
Read Here:- CUET B.com DU Eligibility Criteria, Paper Pattern, Fees
Unit I: Accounting Not-for-Profit Organisation
Not-for-profit organization: Meaning and Examples.
Receipts and Payments: Meaning and Concept of fund-based and non-fund-based accounting.
Preparation of Income and Expenditure Account and Balance sheet from receipt and payment account with additional information.
Unit II: Accounting for Partnership
Nature of Partnership Firm: Partnership deed (meaning, importance).
Final Accounts of Partnership: Fixed v/s Fluctuating capital, Division of profit among partners, Profit, and Loss Appropriation account.
Unit III: Reconstitution of Partnership
Changes in profit sharing ratio among the existing partners – Sacrificing ratio and Gaining ratio.
Accounting for Revaluation of Assets and Liabilities and Distribution of reserves and
accumulated profits.
Goodwill: Nature, Factors affecting and Methods of valuation: Average profit, Super profit, Multiplier, and Capitalisation methods.
Admission of a Partner: Effect of admission of a partner, Change in profit sharing ratio, the Accounting treatment for goodwill, Revaluation of assets and liabilities, Reserves (accumulated profits), and Adjustment of capitals.
Retirement/Death of a Partner: Change in profit sharing ratio, Accounting treatment of goodwill, Revaluation of assets and liabilities, Adjustment of accumulated profits (Reserves).
Unit IV: 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 Statement Analysis
Below are the unit in this section
Unit V: 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; Issue at par, premium, and at discount; Calls in advance, Calls in arrears, Issue of shares for consideration 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 VI: Analysis of Financial Statements
Financial Statements 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, Debtors turnover, Payables turnover, Working capital turnover, Fixed assets turnover, Current assets turnover.
Profitability Ratio: Gross profit, Operating ratio, Net profit ratio, Return on Investment, Earning per Share, Dividend per Share, Profit Earning ratio.
Unit VII: Statement 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
Below are the units in the section
Unit I: Overview of Computerised Accounting System
Concept and Types of Computerised Accounting System (CAS).
Features of a Computerised Accounting System.
Structure of a Computerised Accounting System.
Unit II: Using Computerised Accounting System
Steps in the installation of CAS, Preparation of chart of accounts, Codification, and Hierarchy of account heads.
Data entry, Data validation, and Data verification.
Adjusting entries, Preparation of financial statements, Closing entries and Opening entries.
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, Queries, Forms, Reports.
Creating data tables for accounting.
Using queries, forms, and reports for generating accounting information. Applications of DBMS in generating accounting information such as shareholders’ records, sales reports, customers’ profiles, suppliers’ 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 Spreadsheet in generating accounting information, preparing depreciation schedules, loan repayment schedules, payroll accounting, and other such company.
