CUET

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

17 January, 2024

The CUET Accountancy Syllabus 2024 is a comprehensive guide that covers a wide range of topics related to accounting, a field that focuses on economic activities and financial performance. 

 

This syllabus provides theoretical and practical knowledge for pursuing a BA or BSc in Accounting. It covers computation, finance skills, and calculation techniques essential for successful accounting practice.

 

Preparing for the Common University Entrance Test (CUET) 2024 is important for those interested in pursuing a career in accounting. Familiarising yourself with the CUET Accounting Syllabus is crucial to excelling in this field. The subject choice is interesting and inspiring and can be great for those looking to build a career in accounting.

 

The candidates can download the CUET Accounts Syllabus online on their official website – cuet.samarth.ac.in. 

 

CUET Accountancy Syllabus 2024

 

The CUET Accountancy Syllabus for CUET 2024 has three main units that cover the complete syllabus. These three units are further subdivided into various chapters and topics. To proceed further with how to prepare for the accountancy for CUET, the students should go through the detailed CUET Account Syllabus and have a good grasp of it. 

The table below provides information about the CUET Accountancy Syllabus 2024: 

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. 

 

Important details about CUET Accountancy: 

 

  1. The question paper will have 50 questions out of which 40 need to be attempted. 
  2. The total time allotted for the paper will be 60 minutes. 
  3. Maximum marks is 200. +5 will be granted for correct response and 1 mark will be deducted for every wrong answer. 
  4. Questions will be computer-based objective types (MCQs). 

 

 

CUET Accountancy Exam Pattern 

 

The table shows the exam structure of CUET Accountancy: 

 

Particulars 

Details 

Status of CUET Accountancy Syllabus

Released

CUET Exam Conducting Body

National Testing Agency (NTA)

Medium of Exam

13 languages – English, Hindi, Urdu, Assamese, Bengali, Odia, Punjabi, Gujarati, Marathi, Tamil, Telugu, Kannada, Malayalam

Number of questions

40 out of 50 questions to be attempted

Type of questions

Multiple Choice Questions

Marking Scheme

+5 for each correct answer

-1 for each incorrect answer

 

CUET Accountancy Mapping for Courses

B.Com

B.Com (Hons.)

 

Conclusion: 

 

A thorough understanding of the subject of accountancy can be found in the CUET Accountancy syllabus, which is a lengthy one. CUET Accountancy Syllabus can provide a comprehensive overview of the subject topics, a detailed understanding of the marking scheme, and an understanding of the examination pattern.

 

FAQs related to the Accountancy Syllabus for CUET 

 

1. What are the advantages of going through the CUET Accountancy Syllabus? 

Going through the Accountancy Syllabus for CUET will give the candidate an idea of the syllabus and the marking scheme and aid in making a proper timetable. 

 

2. What is the mode of the CUET Accountancy exam? 

The mode of the CUET Accountancy exam will be online. There are generally multiple-choice questions. 

 

3. Which class CUET Accountancy Syllabus 2024 will come in CUET 2024? 

The National Testing Agency (NTA) will conduct the CUET 2024 based on Class 12th syllabus. 

 

4. What is the format of CUET Accountancy? 

The question paper will have 50 questions. Of these, 40 should be attempted. The total time allotted for the paper will be 60 minutes. The maximum mark is 200, and +5 will be awarded for every correct response. Meanwhile, one mark will be deducted for every wrong answer. The questions will be computer-based objective types (MCQs). 

 

5. What is the eligibility for appearing for the CUET Accountancy exam? 

To be eligible to take the CUET Accounting exam, a student must have completed or graduated 12th grade.

 

Hundreds of students guided on a daily basis.

Schedule a Free Counselling