Career Questions Answers, Entrance Exam 2022, Admission, Scholarships, Jobs, Results, Interviews: UPSC Civil Services Main Examination 2014 Syllabus Paper VI: Commerce and Accountancy-I

Accounting and Finance
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.

UPSC Civil Services Main Examination 2014 Syllabus of more subjects browse from the links below:

Career Questions Answers, Entrance Exam 2022, Admission, Scholarships, Jobs, Results, Interviews

Saturday, July 12, 2014

UPSC Civil Services Main Examination 2014 Syllabus Paper VI: Commerce and Accountancy-I

UPSC Civil Services Main Examination 2014 Syllabus of more subjects browse from the links below:

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