ATECH EXCEL SOLUTION believe that "Teachers are an essential part for enriching the environment in classroom that supports in student success." 

Best Coaching Classes are given to 11th Students for ACCOUNTS. We have Expert and Experienced faculties having more than 25 years of Experience. Students from VIP Road , Zirakpur, Mohali, Chandigarh and Panchkula are already taking the advantage and returning the productivity of our efforts and hard work in the form of Excellent Results.

We assist our students to perform better and achieve desired results in their exams. Our faculty applies the self –learning and assessment tools for the growth of students, along with this we work on the student’s over all personality grooming by giving PD sessions time to time. We ensure one to one attention to be given to our each student, to boost up their performance. We apply the following tools in Quality and well programmed classroom coaching to meet the targets of Teacher, Students and Parents.

1. Personalized Learning: Our faculties are highly experienced hence they enables and enhance a student’s learning skills which includes the use of expertise and statistics to resolve complex issues, running collaboratively, communicating efficiently, mastering how to analyze, and growing instructional mindsets. They empower students to be actively involved in the processes of their own learning, rather than passively receptive.

2. Weekly Mock tests: We conduct tests on weekly basis, to have strong command on the covered topics and to clear the doubts related to subject if any. This helps in developing self confidence and performance in the exams.

3.  Timely completion of syllabus: We ensure to complete the syllabus timely so that student have enough time left for the revision and doubts clearing sessions can be conducted before final examinations.

4.  Educational videos: The videos are made for important topics and same has been uploaded for the convenience of students which helps them to revise those topics being taught in class.

5.  Free Educational App: Online educational app is available for our foundation group of students covering all the important area of their syllabus. Students can take help to make handy notes from the app and can use them for further competitive exams.

6. Get Online Assignments: We provide multiple assignments covering each topic which is helpful in examinations and class room tests.

For students to learn, they must feel safe, engaged, connected, and supported in their classrooms. It enables them to succeed further in their respective careers and life.

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Course Structure

Unit Topic Marks 
Part A Financial Accounting - I  
1. Theoretical Framework 15 
2. Accounting Process 35 
Part B Financial Accounting - II  
3. Financial Statements of Sole Proprietorship 15
4. Financial Statements of Non-Profits 15 
5. Computers in Accounting 10 
Part C Project Work 10 
  Total Marks 100 

Part A: Financial Accounting - I (50 Marks)

Unit 1: Theoretical Framework

Introduction to Accounting

  • Accounting: objectives, advantages and limitations, types of accounting information; users of accounting information and their needs.
  • Basic accounting terms: business transaction, account, capital, drawings, liability (Non - current and current); asset (Non - current; tangible and intangible assets and current assets), receipts (capital and revenue), expenditure (capital, revenue and deferred), expense, income, profits, gains and losses, purchases, purchases returns, sales, sales returns, stock, trade receivables (debtors and bills receivable), trade payables (creditors and bills payable), goods, cost, vouchers, discount - trade and cash.

Theory Base of Accounting

  • Fundamental accounting assumptions: going concern, consistency, and accrual.
  • Accounting principles: accounting entity, money measurement, accounting period, full disclosure, materiality, prudence, cost concept, matching concept and dual aspect.
  • Bases of accounting - cash basis and accrual basis.
  • Accounting Standards and IFRS (International Financial Reporting Standards): Concept and Objectives

Unit 2: Accounting Process

Recording of Transactions

  • Accounting equation: analysis of transactions using accounting equation.
  • Rules of debit and credit: for assets, liabilities, capital, revenue and expenses
  • Origin of transactions- source documents (invoice, cash memo, pay in slip, cheque), preparation of vouchers - cash (debit and credit) and non cash (transfer).
  • Books of original entry: format and recording - Journal.
  • Cash Book: Simple Cash Book, Cash Book with Discount Column and Cash Book with Bank and Discount Columns, Petty Cash Book.
  • Other books: purchases book, sales book, purchases returns book, sales returns book and journal proper.

Preparation of Bank Reconciliation Statement, Ledger and Trial Balance.

  • Bank reconciliation statement- calculating bank balance at accounting date: need and preparation. Corrected cash book balance.
  • Ledger - format, posting from journal, cash book and other special purpose books, balancing of accounts.
  • Trial balance: objectives and preparation

(Scope: Trial Balance with balance method only)

Depreciation, Provisions and Reserves

  • Depreciation: concept need and factors affecting depreciation; methods of computation of depreciation: straight line method, written down value method (excluding change in method)
  • Accounting treatment of depreciation: by charging to asset account, by creating provision for depreciation/ accumulated depreciation account, treatment of disposal of asset.
  • Provisions and reserves: concept, objectives and difference between provisions and reserves; types of reserves- revenue reserve, capital reserve, general reserve and specific reserves.

Accounting for Bills of Exchange

  • Bills of exchange and promissory note: definition, features, parties, specimen and distinction.
  • Important terms : term of bill, due date, days of grace, date of maturity, discounting of bill, endorsement of bill, bill sent for collection, dishonour of bill, noting of bill, retirement and renewal of a bill.
  • Accounting treatment of bill transactions.

Rectification of Errors

  • Errors: types-errors of omission, commission, principles, and compensating; their effect on Trial Balance.
  • Detection and rectification of errors; preparation of suspense account.

Part B: Financial Accounting - II (40 Marks)

Unit 3: Financial Statements of Sole Proprietorship

  • Financial Statements: objective and importance.
  • Profit and loss account: gross profit, operating profit and net profit.
  • Balance Sheet: need, grouping, marshalling of assets and liabilities.
  • Adjustments in preparation of financial statements : with respect to closing stock, outstanding expenses, prepaid expenses, accrued income, income received in advance, depreciation, bad debts, provision for doubtful debts, provision for discount on debtors, manager's commission, abnormal loss, goods taken for personal use and goods distributed as free samples.
  • Preparation of Trading and Profit and Loss Account and Balance Sheet of sole proprietorship.
  • Incomplete records: use and limitations. Ascertainment of profit/loss by statement of affairs method.

Unit 4: Financial Statements of Not-for-Profit Organizations

  • Not-for-profit organizations: concept.
  • Receipts and Payment account: features.
  • Income and Expenditure account: features. Preparation of Income and Expenditure account and Balance Sheet from the given Receipts and Payments account with additional information.

Scope:

  1. Adjustments in a question should not exceed 3 or 4 in number and restricted to subscriptions, consumption of consumables, and sale of assets/ old material.
  2. Entrance/ admission fees and general donations are to be treated as revenue receipts.
  3. Trading Account of incidental activities is not to be prepared.

Unit 5: Computers in Accounting

  • Introduction to Computer and Accounting Information System {AIS}: Introduction to computers (Elements, Capabilities, Limitations of Computer system),
  • Introduction to operating software, utility software and application software. Introduction to Accounting Information System (AIS), as a part of MIS
  • Automation of Accounting Process. Meaning
  • Stages in automation (a) Accounting process in a computerised environment (Comparison between manual accounting process and Computerised accounting process.) (b) Sourcing of accounting Software (Kinds of software: readymade software; customised software and tailor-made software; Generic Considerations before sourcing accounting software)(c)Creation of Account groups and hierarchy ( d) Generation of reports -Trial balance, Profit and Loss account and Balance Sheet.

Scope:

  • The scope of the unit is to understand accounting as an information system for the generation of accounting information and preparation of accounting reports.
  • It is presumed that the working knowledge of Tally software will be given to the students for the generation of accounting software. For this, the teachers may refer Chapter 4 of Class XII NCERT textbook on Computerized Accounting System.

Part C: Project Work (10 Marks)

Any One:

  1. Collection of Source Documents,Preparation of Vouchers, Recording of Transactions with the help of vouchers.
  2. Preparation of Bank Reconciliation Statement with the given cash book and the pass book with twenty to twenty-five transactions.
  3. Comprehensive project starting with journal entries regarding any sole proprietorship business, posting them to the ledger and preparation of Trial balance.The students will then prepare Trading and Profit and Loss Account on the basis of the prepared trial balance. Expenses, incomes and profit (loss) are to be depicted using pie chart / bar diagram.

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