CBSE Class 11 Accountancy focuses on the more basic concepts in the process of accounting. The objective of the course is to eventually prepare students for a career in the fields of accounting and business. The syllabus is designed in a way that suits the rapidly changing economic scenario, and students need to be scrupulous in order to excel at it. 

Get introduced to  the subject

Students who choose to study Accountancy in Class 11 tend to be studying the subject for the first time in their academic careers. It is therefore important for students to be ready to absorb as much new information as they can since the Class 11 Accountancy syllabus is meant to introduce students to numerous theories as well as newly emerging practices. Students are often quite self-assured when entering Class 11, and fail to realize that Accountancy is very different from anything they have studied previously. Students should take some time to do some background reading before starting to study it formally, as this will help them keep up with the fast-paced nature of the subject. 

Understand the key concepts

Since students are entering a new discipline, they should not be in a rush to tackle advanced problems. Instead, they should focus on perfecting the basic theories that are introduced to them. This might seem to be a lacklustre way of studying, but it is certainly the most effective. Students will not be able to succeed in the practical aspect of the subject if their skills are not grounded in a good understanding of theory. Students will have plenty of time later to apply the theories they have learned, but Class 11 Accountancy is the best time to lay the groundwork. The topics introduced in Class 11 will also serve as a base for the studies in Class 12, which is another reason why students should invest time and effort in studying them. 

Identify your strengths and weaknesses

Once students become familiar with the subject, they should start trying to pinpoint the topics they find difficult to grasp. Knowing your strengths and weaknesses is always the first step in enhancing your strong points, and bettering the weak ones. If students are able to do this accurately, they can focus on the areas that they feel they need to improve upon. Once students realize that they are struggling with a particular concept, they will be able to look for resources that will help them overcome their difficulties. For example, a student having trouble with accounting equations can refer to the DK Goel Solutions Class 11 Chapter 6 Accounting Equations, as this material provides solutions as well as in-depth explanations for each problem the student needs help with. Students can use these resources as a study guide, to check their work, confirm their answers, and thoroughly understand and work on their weaknesses. 

Take your time

Since Accountancy is a new subject for Class 11 students, it is recommended that they dedicate some extra time to study it. Students should set aside a significant chunk of time just for studying Accountancy, as it requires everyday practice. Students should take this time to familiarize themselves with the syllabus, go through the theoretical aspect, and work on equations. They should make their way through the syllabus in a manner that progresses from easy to difficult, as this will give them a fair idea about the range of questions they can expect in exams. In addition to working on a 20-mark project, students are typically expected to study four major units for their written exam. Sufficient time should be given to each of these four units and their sub-units, in order to ensure that the entire syllabus is being covered by the student. It is important to remember that Accountancy is a time-consuming subject, and students who start their preparations early only stand to gain from it. 

Don’t overlook the theories

Accountancy is considered to be a very practical subject, as it equips students to work on real-life financial problems. As a result, it is essential that students dedicate at least a small part of their day to solving problems and equations from their textbooks and reference books. The practical component of Accountancy requires daily practice in order to keep the brain accustomed to solving difficult questions. While many students understand this and make sure that they are practising sample problems on a daily basis, they often forget to revise the theories after they have been taught. Just like any other subject, it is necessary to keep revising the theoretical component on a weekly or bi-weekly basis in order to retain the information. So while the applied portion of the syllabus is vital, students should not dismiss the theories as a dispensable requisite. 

Speed is key

In recent years, CBSE Class 11 and 12 Accountancy papers have become more difficult to solve, and some students have complained about running out of time while solving them. In order to make the most out of the time that is allotted for the exam, students must be methodical and efficient. Otherwise, students risk losing out on marks, which then brings down their percentage as well as overall confidence. To ensure that they will be able to complete the paper in time, students should practice solving sample papers while they are revising. This will not only give them an idea of what pace they need to maintain for the final exam, but it will also automatically increase the speed at which a student is able to solve a problem. This is, however, a gradual process, and students should not rely on the last few days before the exam to improve their time-management skills. 

While many perceive Class 11 as a more laid-back year, students should keep in mind that it can act as a decisive factor for their Class 12 board exams. If students are able to perform well in Class 11, it is often a credible predictor of their success in Class 12.