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15. ISC Accounts Scope - Revised

Accounts (858). Aims: 1. To provide an understanding of the principles of 2. To develop an understanding of the form and Accounts and practice in recording transactions classification of financial statements as a means and interpreting individual as well as company of communicating financial information. Accounts . CLASS XI. There will be two papers in the subject. (d) Accounting Standards: Concept and objectives. Paper I - Theory: 3 hours 80 marks (e) Basic Terms: Event, Transaction, Vouchers, Paper II- project Work 20 marks Debtors, Creditors, Purchases, Sales, Assets PAPER - I (THEORY) 80 Marks (intangible, tangible, fixed, current, liquid and fictitious), Liabilities (internal and external.)

84 PAPER II – PROJECT WORK – 20 Marks Candidates will be expected to have completed two projects from any topic covered in Theory. Mark allocation for each Project [10 marks]:

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