UPSC Civil Services (Mains) Examination Commerce and Accountancy Syllabus

Paper � I:�Accounting and Finance Accounting, Taxation & Auditing

1. Financial Accounting:

Accounting as a Financial Information System; Impact of Behavioural Sciences. Ac-counting 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.
  • De-signing of Capital structure: Types of Lever-ages (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.
  • 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

Organization Theory and Behaviour, Human Resource Management and Industrial Relations Organization Theory and Behaviour

1. Organization Theory

  • Nature and Concept of Organization; 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 Organization 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.

2. Organization 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 Labour Turnover in Indian�Industries and their Causes and Remedies.�ILO and its Functions.

Written by princy

No comments yet.

Leave a Reply