(Syllabus) Karnataka PSC: Preliminary Examination : Commerce

Subject: Commerce

Part I : Accounting:

• Accounting equation - concept and conversions generally accepted accounting principles - capital and revenue expenditures and receipts - preparation of the
  financial statements including statements of sources and application of funds - Partnership accounts including dissolution and piece meal distribution among the
  partners ‘accounts of non-profit organization - Preparation of account from incomplete records - Company Accounts issue and redemption of shares and
  debentures Capitalisation of profits and issue of bonus shares - Accounting for depreciation including accelerated methods of providing depreciation inventory
  valuation and control.

• Ratio analysis and interpretation - Ratios relating to short-term liquidity, long term. solvency and profitability- importance of the rate of return on investment (RCI) in evaluating the overall performances of a business entity.

• Nature and objects of auditing - Balance sheet and Continues audit - Statutory management and operational audits - Auditors working papers internal control and internal audit - Audit of proprietary and partner-ship firms Broad out-lines of theCompany audit.

Part- II : Business Organisation & Secretarial Practice:

• Distinctive Features of different forms of Business organisation, Formalities and documents in floating a joint stock Company-Doctrine of indoor management and
  principle of constructive notice - Type of securities and methods of their issue - Economic functions of the new issues market and Stock exchange - Business
  combinations - Control of monopoly houses - Problems of modernization of industrial enterprises. Procedure and fmancing of export and import trade -
  incentives for export promotion Role of the EXIM Bank - Pmciples of insurance, Life, fire and marine.

• Management Functions: Planning, organizing, staffing, Directing, Co-ordination and control.

• Organisation Structure: Centralisation and Decentralisation, delegation of authority, span of control, Management objective and management by exception.

• Office Management: Scope and principles - systems and routines - Handling of records -office equipment and machine-impace of organization and methods (O & W).

• Company Secretary: Functions and scope-Appointment qualification and disqualification-Rights, duties and liabilities and company Secretary - Drafting of
  agenda and minutes.

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