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Examsyllabus > All India Entrance Exam Syllabus > UPSC Syllabus for IAS Preliminary & Mains – Commerce & Accountancy Exam

UPSC Syllabus for IAS Preliminary & Mains – Commerce & Accountancy Exam

Civil Service Exam Syllabus (Preliminary & Mains) – Commerce & -Accountancy

Civil Service Exam Syllabus (Preliminary) – Commerce & Accountancy

Part-I

Accounting and Auditing:

Accounting

Nature, Scope and Objectives of Accounting-Accounting as an Information System-Users of Accounting Information.

Generally Accepted Principles of Accounting-The Accounting Equation-Accrual Concept-Other concepts and conventions, Distinction between capital and revenue expenditure. Accounting Standards and their application-Accounting standards relating to fixed assets, depreciation, inventory, recognition of revenue.

Final Accounts of Sole Proprietors, Partnership Firms and Limited Companies-Statutory Provisions -Reserves, Provisions and Funds.

Final Accounts of non profit organisation.

Accounting problems related to admission and retirement of a partner and dissolution of a firm.

Accounting for Shares and Debentures- Accounting Treatment of Convertible Debentures.

Analysis and Interpretation of Financial Statements Ratio analysis and interpretation. Ratios relation to short term liquidity, long-term solvency and profitability-Importance of the rate of return on investment (ROI) in evaluating the overall performance of a business entity-Cash-flow Statement and Statement of Source and Application of Funds-Societal obligations of Accounting.

Auditing

  • Nature, objectives and basic principles of auditing.
  • Techniques of Auditing-physical verification, examination of documents and vouching, direct confirmation, analytical review.
  • Planning an audit, audit programmes, working papers, audit process.
  • Evaluation of internal controls.
  • Test checking and sampling.
  • Broad outlines of company audit.
  • Audit of non-corporate enterprises.
  • Internal and management audit.

Part-II

Business Organisation

Distinctive features of different forms of business organization.

Sole Proprietor

Partnerships-characteristics, Registration, Partnership deed, Rights and duties, Retirement, Dissolution.

Joint Stock Company-Concept, characteristics, types.

Cooperative and State ownership forms of organizations.

Types of securities and methods of their issue.

Economic functions of the capital market, stock exchanges, Mutual Funds. Control and regulation of capital market.

Business combinations; control of Monopolies. Problems of modernisation of industrial enterprises. Social Responsibility of business.

Foreign Trade-Procedure and financing of import and export trade. Incentives for export promotion. Financing of foreign trade.

Insurance-Principles and practice of Life, Fire, Marine and General Insurance.

Management

Managemet functions-Planning-strategies, Organising-levels of authority Staffing, Line function and staff function, Leadership, Communication, Motivation, Directing-Principles, Strategies.

Coordination-Concept, types, methods.

Control-principles, performance standards, corrective action. Salary and wage administration-Job evaluation.

Organisation Structure-Centralization and decentralization-Delegation of authority-span of control-Management by Objectives and Management by Exception.

Management of change; Crisis Management.

Office Management-scope and principles; systems and routines; handling of records- modern aids to Office management; office equipment and machines; Automation and Personal computers.

Impact of Organisation and Methods (O & M)

Company Law

Joint stock companies-incorporation; documents and formalities-Doctrine of indoor management and constructive notice.

Duties and powers of the board of directors of a company.

Accounts and Audit of Companies.

Company Secretary-role and functions-qualifications for appointment.

Civil Service Exam Syllabus for IAS Main Exam – Commerce and Accountancy – Paper –I & II

Paper-I

Accounting, Taxation & Auditing

1. Financial Accounting:

Accounting as a Financial Information System; Impact of Behavioural Sciences. Accounting Standards e.g., Accounting for Depreciation, Inventories, Research and Development Costs, Long-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.

2. 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 tool of Profit Planning.

Incremental Analysis/ Differential Costing as a Tool of Pricing Decisions, 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.

3. Taxation:

Income Tax: Definitions; Basis of Charge; Incomes which do not form Part of Total Income.

Simple problems of Computation of Income (of Individuals only) under Various Heads, i.e., Salaries, Income from House Property, Profits and Gains from Business or Profession, Capital Gains, Income from other sources, Income of other Persons included in Assessee’s Total Income .

Set – Off and Carry Forward of Loss.

Deductions from Gross Total Income.

Salient Features/Provisions Related to VAT and Services Tax.

4. 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.

Financial Management, Financial Institutions and Markets

1. Financial Management:

Finance Function: Nature, Scope and Objectives of Financial Management: Risk and Return Relationship.

Tools of Financial Analysis: Ratio Analysis, Funds-Flow and Cash-Flow Statement.

Capital Budgeting Decisions: Process, Procedures and Appraisal Methods. 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 of Capital structure: Types of Leverages (Operating, Financial and Combined), EBIT- EPS Analysis, and other Factors.

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. 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-II

Organisation Theory and Behaviour, Human Resource Management and Industrial Relations

Organisation Theory and Behaviour

1. Organisation Theory:

Nature and Concept of Organisation; External Environment of Organizations -Technological, Social, Political, Economical and Legal; Organizational Goals – Primary and Secondary goals, Single and Multiple Goals; Management by Objectives.

Evolution of Organisation Theory: Classical, Neo-classical and Systems Approach.

Modern Concepts of Organisation Theory: Organisational Design, Organisational Structure and Organisational Culture.

Organisational Design–Basic Challenges; Differentiation and Integration Process; Centralization and Decentralization Process; Standardization / Formalization and Mutual Adjustment.

Coordinating Formal and Informal Organizations. Mechanistic and Organic Structures.

Designing Organizational structures–Authority and Control; Line and Staff Functions, Specialization and Coordination. Types of Organization Structure –Functional.

Matrix Structure, Project Structure. Nature and Basis of Power , Sources of Power, Power Structure and Politics. Impact of Information Technology on Organizational Design and Structure.

Managing Organizational Culture.

Theoretical and empirical foundation of theories and Models of motivation. Morale and productivity-Leadership: Theories and styles-Management of conflicts in organisation-Transactional Analysis-Significance of culture to organisations. Limits of rationality-Organisational change, adaptation, growth and development, Professional management Vs. family management, Organisational control and effectiveness.

2. Organisation Behaviour:

Meaning and Concept; Individual in organizations: Personality, Theories, and Determinants; Perception – Meaning and Process.

Motivation: Concepts, Theories and Applications. Leadership-Theories and Styles.

Quality of Work Life (QWL): Meaning and its impact on Performance, Ways of its Enhancement. Quality Circles (QC) – Meaning and their Importance. Management of Conflicts in Organizations.

Transactional Analysis, Organizational Effectiveness, Management of Change.

Human Resources Management and Industrial Relations

1. Human Resources Management (HRM):

Meaning, Nature and Scope of HRM, Human Resource Planning, Job Analysis, Job Description, Job Specification, Recruitment Process, Selection Process, Orientation and Placement, Training and Development Process, Performance Appraisal and 360° Feed Back, Salary and Wage Administration, Job Evaluation, Employee Welfare, Promotions, Transfers and Separations.

2. Industrial Relations (IR):

Meaning, Nature, Importance and Scope of IR, Formation of Trade Unions, Trade Union Legislation, Trade Union Movement in India.

Recognition of Trade Unions, Problems of Trade Unions in India. Impact of Liberalization on Trade Union Movement.

Nature of Industrial Disputes: Strikes and Lockouts , Causes of Disputes, Prevention and Settlement of Disputes.

Worker’s Participation in Management: Philosophy, Rationale, Present Day Status and Future Prospects.

Adjudication and Collective Bargaining.

Industrial Relations in Public Enterprises, Absenteeism and Labor Turnover in Indian Industries and their Causes and Remedies.

ILO and its Functions.

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