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Students Of CBSE Class 11 Commerce Accountancy Computers In Accounting Important Notes

CBSE Class 11 Commerce Accountancy Computers In Accounting :  The first education board that was set up in the year 1921 in India for the development of studies was the Uttar Pradesh Board of High School and Intermediate Education. This board was managed and administered by the provinces of Rajputana, Central India and Gwalior. However later in the year 1929, the Indian government established a joint Board for the provinces of Ajmer, Merwara, Central India and Gwalior which was named as “Board of High School and Intermediate Education, Rajputana” But later this board confined its administration to the provinces of Ajmer, Bhopal and Vindhya Pradesh. In the year 1952, the board came to be known as the “Central Board of Secondary Education”

Why and how CBSE ?

  • Started by the NCERT (National Council of Educational Research and Training) with the aim to operate a chain of central schools (Kendriya Vidyalaya) that could cater to government employees who are in transferable jobs that involve mid year movements.
  • A number of private schools have started to offer CBSE since a number of private sector employees are also moving place to place
  • The CBSE Syllabus is very structured, highly predictable and, highly controlled
  • All national entrance examinations are conducted as per this syllabus.
  • A number of changes have been incorporated lately, the prominent decision being to make board examination at the end of Grade -10 optional
  • Board exams conducted:
    •  Grade-10 (Optional )
    •  Grade-12 (Mandatory)

Students Of CBSE Class 11 Commerce Accountancy Computers In Accounting Important Notes

CBSE Class 11 Commerce Accountancy Computers In Accounting : CBSE Class 11 Commerce the fundamentals of accounting and including it as an information system play and important role in this field of study. The important points and syllabus structure is given here. The whole syllabus is divided into 3 parts, Part A- Financial accounting 1, Part B- Financial accounting 2 and Part C- Project work. Part A has 2 units -Theoretical framework and accounting process. Part B has 3 units- Financial statements of sole proprietorship from complete and incomplete records, Financial statements of not for profit organizations and Computers in accounting. Details of project work is added in this link. Theory contains 90 marks while project work is of 10 marks.

Students Of CBSE Class 11 Commerce Accountancy Computers In Accounting Important Notes

Important Note – Preparing for XI & XII Commerce?
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CBSE Class 11 Commerce Accountancy Computers In Accounting : Cakart provide here CCBSE Class 11 Commerce Accountancy Computers In Accounting Important Notes in PDF format. cakart team members provides solved papers, board question papers, revision notes and NCERT solutions for CBSE Class 11 Commerce Accountancy Computers In Accounting Important Notes . The topics included are 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 and others. CBSE Class 11 Commerce Accountancy Computers In Accounting Important Notes complete details and syllabus  given here:

Download here Complete details of CBSE class 11 Accountancy study material in PDF format

Part B: Financial Accounting – II (40 Marks)

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 computerized environment; comparison between manual accounting process and computerized accounting process, (b) Sourcing of accounting software; kinds of software: ready made software; customized 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:
(i) The scope of the unit is to understand accounting as an information system for the generation of accounting information and preparation of accounting reports.
(ii) It is presumed that the working knowledge of any appropriate accounting software will be given to the students to help them learn basic accounting operations on computers. For this,the teachers may refer to Chapter 4 of Class XII NCERT textbook on Computerized Accounting System.

Students Of CBSE Class 11 Commerce Accountancy Computers In Accounting Important Notes

CBSE Class 11 Commerce Accountancy Computers In Accounting : Computers have changed the way that accounting is done; regardless of field, all accountants will need to know how to work with basic accounting software. To become knowledgeable, a course in general accounting with computers may help. This course can be made part of the rigorous training that is required to become an accountant and may help to secure quality employment in any accounting field. Potential careers include bookkeeper, accountant, auditor, systems analyst and business analyst.

Computers in Accounting

COMPONENTS OF COMPUTERS :-

The functional components consists of Input Unit, Central Processing Unit (CPU) and the out Unit related as follows :

(1) Input Unit :

It is for entering the data into the computer system. Keyboard and Mouse are the most commonly used input devices.Other such devices are magnetic tapes, disc, light pen, optical scanner, smart card reader etc. Besides there are some devices which respond to voice and physical touch.

(2) Central Processing Unit (CPU) :

It is the main part of computer hardware that actually processes the data according to the instructions it receives. It has three units :

  1. Arithmatic and Logic Unit (ALU) : Responsible for porforming all the arithmatic calculations such as addition, subtraction etc and logical operations involving comparison among variables.
  2. Memory Unit : For storing the data.
  3. Control Unit : Responsible for controlling and co-ordinating the activities of all other units of the computer system.

(3) Output Unit :

After processing the data, the information produced is required in human readable and understandable form. Output devices perform this function. The commonly used devices are monitor, printer, graphic plotter (external) and magnetic stage devices (internal). A new device which is capable of producing verbal output that sound in human speech is also developed.

Features of Computerised Accounting System

Computerised accounting system is based on the concept of database. This system offers the following features :

  1. Online input and storage of accounting data.
  2. Printout of purchase and sales invoices.
  3. Every account and transaction is assigned a unique code.
  4. Grouping of accounts is done from the beginning.
  5. Instant reports for management, for example : Stock statement, Trial Balance, Income Statement, Balance Sheet, Payroll Reports, Tax Reports etc.

DATA BASE MANAGEMENT SYSTEM (DBMS)

Meaning of Data Base : A data base is a collection of related data that is stored in a system. This data is stored in such a way that it can be updated, modified or retrieved as and when required.

Meaning of DBMS : It is a computerized Record keeping system (software) that allows access to data contained in a database. The DBMS makes possible to share the data in the database among multiple users.

Advantages of DBMS – Following are some of the advantages of DBMS :

It helps in effective and efficient management of data.

  1. Better data provided by DBMS help to generate better information and reports.
  2. It ensures rapid access to all stored data needed at any time which is updated from time to time ensuring better decision making.
  3. It is easy to understand and user friendly.
  4. It helps in quick answering of queries.
  5. It helps in ensuring data security and integrity.

Uses or Functions of DBMS in Accounting System

Some of the functions of DBMS in a Business are :

  1. Data Storage Management : It stores a variety of data, reports, etc. related to accounting system.
  2. Data Dictionary Management : The data dictionary is automatically up dated in case of any modification the data base. Hence there is no need to modify all the programs.
  3. Security Management : Since many people uses the same data base, the DBMS ensures Security and privacy within the data base by the estab lishment of security rules.
  4. Backup and Recovery Management : DBMS ensures the data safety and integrity by providing adequate backup and data recovery procedures.
  5. Data base Communication Interfaces : It provides the facility of faster communication by the use of internet. The users can publish their reports on internet, can send e-mails and find answers to their queries by exploring the websites.

Accounting Softwares

(1) Readymade Softwares :

Readymade Software are the software that are developed not for any specific user but for the users in general. Some of the readymade softwares available are Tally, Ex, Busy, Such softwares are economical and ready to use. such softwares do not fulfill the requirement of very user.

(2) Customised Software :

Customised software means modifying the readymade softwares to suit the specific requirements of the ueser. Readymade softwares are modified according to the need of the business. Cost of installation, main tenance and training is relatively higher than that of readymade user. There packages are used by those medium or large business enterprises in which financial transactions are some what peculiar in nature.

(3) Tailor-made Software :

The softwares that are developed to meet the requirement of the user on the basis of discussion between the user and developers. Such softwares help in maintaining effective management information system. The cost of these softwares in very high and specific training for using these packages is also required.

Download here CBSE Class 11 Commerce Accountancy Computers In Accounting Important Notes

Students Of CBSE Class 11 Commerce Accountancy Computers In Accounting Important Notes

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Important Note – Preparing for XI & XII Commerce?
CAKART provides Indias top faculty each subject video classes and lectures – online & in Pen Drive/ DVD – at very cost effective rates. Get video classes from CAKART.in. Quality is much better than local tuition, so results are much better.
Watch Sample Video Now by clicking on the link(s) below – 
For any questions Request A Call Back  
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