Civil Service Commerce Main Exam Paper One Syllabus
PAPER-1
ACCOUNTING & FINANCE
PART-1: ACCOUNTING, TAXATION & AUDITING
FINANCIAL ACCOUNTING
Accounting as a Financial Information system; Impact of Behavioural Sciences. Accounting Standards e.g. Accounting for Depreciation,Inventories,Research and Development Costs, Longs-term Construction Contracts, Revenue Recognition, Fixed Assets,Contingencies,Foreign Exchange Transactions, Investments and Government Grants, Cash Flow Statement ,Earnings Per Share
Accounting for Share Capital Transactions including Bonus Shares, Right Shares,
employees Stock Option and Buy-Back of Securities
Preparation and Presentation of Company Final Accounts
Amalgamation, Absorption and Reconstruction of Companies
Cost Accounting
Nature and Functions of Cost Accounting, Installation of Cost Accounting System .Cost Concepts related to Income Measurement, Profit Planning, Cost Control and Decision Making
Methods of Costing: Job Costing ,Process Costing, Activity Based Costing
Volume-cost-Profit Relationship as a toll of Profit Planning
Incremental Analysis/Differential Costing as a Tool of Pricing Decisions, Product dercisions,Product Decisions, Make or Buy Decisions, Shut-Down Decisions etc
Techniques of Cost Control and Cost Reduction: Budgeting as a Tool of Planning and Control Standard Costing and Variance Analysis
Responsibility Accounting and Divisional Performance Measurement
TAXATION
Income Tax:Definitions;Basis of Charge; Incomes which do not form part of total income. Simple problems of Computation of Income (if Individuals only) under Various Heads, i.e., Salaries, Income from House Property. Profits and Gains from Business or Profession, Capital Gains, Income from other source, Income of other Persons included in Assessor’s Total Income
Set-Off and Carry Forward of Loss
Deductions from Gross Total Income
Salient Features/Provisions Related to VAT and Services Tax
Auditing
Company Audit: Audit related to Divisible Profits, Dividends, Special investigations, Tax audit. Audit of banking, Insurance, Non-Profit Organizations and Charitable Societies/Trusts/Organizations
Part-II: Financial Management, Financial Institutions and markets
1. Financial management: Finance Funtion: Nature, Scope and Objective of Financial Management Risk and Return Relationship
Tools of Financial Analysis: Ratio Analysis, Funds-Flow and Cash-Flow Statement
Capital Budgeting Secisions: Process, Procedures and Appraisal Methos.Risk and Uncertainty Analysis and Methods.
Cost of Capital: Concept ,Computation of Specific Costs and Weighted Average Cost of Capital CAPM as a Tool of Determining Cost of Equity Capital
financing Decisions :Theories of capital Structure-Net Income (NI) Approach
Net Operating Income (NOI) Approach,MM Approach and Traditional Approach .Designing Capital Structure; Type of Leverages (Operating, Financial and Combined), EBIT-EPS Analysis, and other Factor
Dividend Decisions and Valuation of Firm: Walter’s Model,MM Thesis,Gordan’s Model Lintner’s model .Factors Affecting Dividend Policy
Working Capital Management Planning of Working Capital .Determinants of Working Capital Components of Working Capital-cash ,Inventory and Receivables
Corporate Restructuring with focus on Mergers and Acquisitions (financial aspects only)
2. Financial Markets and Institutions: Indian Financial System: AN Overview
Money Markets: Participants, Structure and Instruments. Commercial Banks. Reforms in banking sector. Monetary and Credit Policy of RBI as a Regulator
Capital Market: Primary and Secondary Market. Financial Market Instruments and Innovative Debt Instruments;sEBI as a Regulator
Financial Services: Mutual Funds, Venture Capital ,Credit Rating Agencies, Insurance and IRDA
PAPER-1
ACCOUNTING & FINANCE
PART-1: ACCOUNTING, TAXATION & AUDITING
FINANCIAL ACCOUNTING
Accounting as a Financial Information system; Impact of Behavioural Sciences. Accounting Standards e.g. Accounting for Depreciation,Inventories,Research and Development Costs, Longs-term Construction Contracts, Revenue Recognition, Fixed Assets,Contingencies,Foreign Exchange Transactions, Investments and Government Grants, Cash Flow Statement ,Earnings Per Share
Accounting for Share Capital Transactions including Bonus Shares, Right Shares,
employees Stock Option and Buy-Back of Securities
Preparation and Presentation of Company Final Accounts
Amalgamation, Absorption and Reconstruction of Companies
Cost Accounting
Nature and Functions of Cost Accounting, Installation of Cost Accounting System .Cost Concepts related to Income Measurement, Profit Planning, Cost Control and Decision Making
Methods of Costing: Job Costing ,Process Costing, Activity Based Costing
Volume-cost-Profit Relationship as a toll of Profit Planning
Incremental Analysis/Differential Costing as a Tool of Pricing Decisions, Product dercisions,Product Decisions, Make or Buy Decisions, Shut-Down Decisions etc
Techniques of Cost Control and Cost Reduction: Budgeting as a Tool of Planning and Control Standard Costing and Variance Analysis
Responsibility Accounting and Divisional Performance Measurement
TAXATION
Income Tax:Definitions;Basis of Charge; Incomes which do not form part of total income. Simple problems of Computation of Income (if Individuals only) under Various Heads, i.e., Salaries, Income from House Property. Profits and Gains from Business or Profession, Capital Gains, Income from other source, Income of other Persons included in Assessor’s Total Income
Set-Off and Carry Forward of Loss
Deductions from Gross Total Income
Salient Features/Provisions Related to VAT and Services Tax
Auditing
Company Audit: Audit related to Divisible Profits, Dividends, Special investigations, Tax audit. Audit of banking, Insurance, Non-Profit Organizations and Charitable Societies/Trusts/Organizations
Part-II: Financial Management, Financial Institutions and markets
1. Financial management: Finance Funtion: Nature, Scope and Objective of Financial Management Risk and Return Relationship
Tools of Financial Analysis: Ratio Analysis, Funds-Flow and Cash-Flow Statement
Capital Budgeting Secisions: Process, Procedures and Appraisal Methos.Risk and Uncertainty Analysis and Methods.
Cost of Capital: Concept ,Computation of Specific Costs and Weighted Average Cost of Capital CAPM as a Tool of Determining Cost of Equity Capital
financing Decisions :Theories of capital Structure-Net Income (NI) Approach
Net Operating Income (NOI) Approach,MM Approach and Traditional Approach .Designing Capital Structure; Type of Leverages (Operating, Financial and Combined), EBIT-EPS Analysis, and other Factor
Dividend Decisions and Valuation of Firm: Walter’s Model,MM Thesis,Gordan’s Model Lintner’s model .Factors Affecting Dividend Policy
Working Capital Management Planning of Working Capital .Determinants of Working Capital Components of Working Capital-cash ,Inventory and Receivables
Corporate Restructuring with focus on Mergers and Acquisitions (financial aspects only)
2. Financial Markets and Institutions: Indian Financial System: AN Overview
Money Markets: Participants, Structure and Instruments. Commercial Banks. Reforms in banking sector. Monetary and Credit Policy of RBI as a Regulator
Capital Market: Primary and Secondary Market. Financial Market Instruments and Innovative Debt Instruments;sEBI as a Regulator
Financial Services: Mutual Funds, Venture Capital ,Credit Rating Agencies, Insurance and IRDA
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