ASSESSMENT PATTERN AND EVALUATION CRITERIA FOR ACCOUNTS

Weightage – 60:10:80
(FORMATIVE ASSESSMENT/ SHOW CASE /SUMMATIVE ASSESSMENT) = 150 marks

FORMATIVE ASSESSMENT (60 MARKS)

( Assessments will be conducted on a continuous basis after completion of every chapter )

SHOW CASE ( STUDENT ‘S INDIVIDUAL WORK) (10 MARKS)

( The students will be engaged in the preparation of a Project Work / Power Point Presentation }

SUMMATIVE ASSESSMENT (80 MARKS)

( A written assignment will be conducted according to Board Examination Question paper pattern)

FORMATIVE ASSESSMENT PATTERN : ( 60 MARKS)

Assessment
Chapter Evaluation Activity Evaluation Criteria Marks
Number
Sec-B-Management Worksheet / Assignment
Accounting It will include theory questions based on the
Ch.1.Financial meaning of Financial Statement analysis, Conceptual 2
Statement Analysis Objectives, Advantages and disadvantages knowledge
Tools/ Techniques used for Financial
Statement analysis
Worksheet/Assignment
Ch.2. Comparative Logical thinking skill,
Statements and It will include Practical questions to be
FA 1 solved ranging from easy to difficult using Problem-solving skill. 6
Common size
(April) Statements various tools available for Financial
Statement analysis.
Worksheet / Assignment High Order Thinking
Sec-A-Financial
Accounting It will include certain theoretical questions Skill
12
and practical questions based on the Application of
Ch.1.Partnership
Partnership deed, fundamentals of Conceptual
Fundamentals
Partnership accounts such as Preparation of knowledge
a Profit & Loss Appropriation A/c and
Partner’s Capital A/c.

Worksheet/Assignment
Ch.2.Evaluation of It will include certain questions to be solved
Goodwill based on various formulas applicable for Problem solving skill 6
calculation of Goodwill of the firm.
 FA 2 Ch.3.Admission of a Worksheet/ Assignment
(May) Partner It will include certain theoretical questions Logical Reasoning 8
and Practical questions based on the skill
knowledge of accounting treatment to be Conceptual
done at the time of Admission of a partner knowledge
in a firm and preparation of Revaluation a/c,
Partner’s Capital A/c and a Reconstituted
Balance sheet.

Ch.4.Retirement of a Worksheet/Assignment
Problem solving skill
partner It will include certain questions to be solved
Critical thinking skill 6
based on the accounting treatment to be
done in a firm at the time of Retirement of a
partner.

Ch.6.Dissolution of a It will include certain problems showing the

Partnership Firm accounting procedures to be done at the Analytical skill
time of dissolution of a partnership firm by
involving Realisation concept.
(July)

It will include certain problems showing the

Ch.7.Joint stock
accounting procedures to be done at the
companies-Issue of
time of issue of shares for raising share Logical reasoning
Shares
capital by a joint stock company and the
accounting treatment to be done at the
time of forfeiture of shares and reissue of
shares.
Ch.10.Final Accounts Worksheet / Assignment 10
of Joint Stock It will include certain practical questions Arithmetical skill
Companies. showing the preparation of Balance sheet as High order thinking
per schedule III, Part I of the Companies Act skill
2013.
FA 3
Worksheet/Assignment
(August)
Management It will include certain practical questions on
Analytical skill 10
Accounting: various Liquidity ratios, Solvency ratios,
Activity turnover ratios and Profitability
Ch. 4. Ratio Analysis
ratios.

SHOW CASE / INDEPENDENT WORK- Prepare a Project on the given topics. (20 MARKS)
Suggested Topicfor the Project work.
Preparation of Journal/ sub-division of Journal, Ledger, Trial Balance and Financial Statements
of a Partnership form of business on the basis of a case study.
*Develop a case study showing how two or more friends decide to come together and start a
business with a certain amount of capital.
*Prepare their Partnership Deed including interest on capital, partner’s salary, commission,
interest on drawings, interest on partner’s loan and rent paid to a partner.
*Write in detail their transactions during the year: Purchases=Cash and credit, Sales-cash and
credit, Expenses, Purchase of Fixed assets and depreciation charged on them, any Outstanding
expenses, Prepaid expenses ,Accrued income etc.
*From the case study developed (which should have at least 15 transactions) pass the Journal
entries, post them into Ledger, prepare a Trial Balance and the Trading and Profit& Loss
Account, Profit & Loss Appropriation Account and Balance sheet.
*Calculate relevant accounting ratios like Liquidity, Solvency, Activity and Profitability giving
their formulae and computation.
*The ratios could also be shown graphically or pictorially (Bar diagrams, pie charts) and if
possible compared with the ratios of the industry.
Mark allocation for the Project : (20 Marks)
Overall Format 2 Marks
Content 8 Marks
Findings 4 Marks
Viva-voce based on the Project 6 Marks
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SUMMATIVE ASSESSMENT – ( 80 MARKS )

This will be evaluated through a written assignment with duration of three hours based on the pattern
of Board Examination .
It will be comprised of : FINANCIAL ACCOUNTING ( Section A)
MANAGEMENT ACCOUNTING (Section B)
 Short Theory questions
 Practical questions involving High order thinking skill, Logical reasoning skill, Problem solving
skill and conceptual knowledge,
Chapter Weightage
SECTION-A
Ch.1. Partnership Fundamentals 10

Ch.2 Evaluation of Goodwill 4

Ch.3. Admission of a Partner 10

Ch.4.Retirement of a Partner 8

Ch.5.Death of a Partner 4

Ch.6.Dissolution of a Partnership Firm 8

Ch.7.Joint Stock Company-Issue of Shares 8

Ch.10. Final Accounts of Companies 8

SECTION-B
Ch.1. Financial Statement Analysis 2

Ch.2.Comparative statement and 6

Common size statement
Ch.4.Ratio Analysis 12