(Syllabus) Punjab PSC (Pre) : Combined State Civil Services Exam - Commerce

SYLLABI FOR THE EXAMINATION PART-B PRELIMINARY EXAMINATION

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 relating 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 paper, audit process.

: Evaluation of internal controls.

: Test checking and sampling.

: Broad outlines of company audit.

: Audit of non-corporate enterprises.

: Internal and management audit.

Distinctive features of different forms of business organisation

Sole Proprietor :

• Partnership-characteristics, Registration, partnership deed, rights and duties, retirement, dissolution.
• Joint Stock Company: Concept, characteristics, types.
• Cooperative and State ownership forms of organisations.
• Types of securities and methods of their issue.
• Economic functions of the capital market, stock exchanges.
• Mutual Funds, Controls and regulations of capital market.

Business Combination: Control of Monopolies. Problems of modernisation: 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

Management 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: Centralisation and decentralisation: 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.