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MPSC Main - Commerce and Accounting Syllabus

Updated on: Mar 20, 2013

Paper I

Accounting & Finance


Standard : Degree Total Marks : 200
Nature of Paper : Conventional Type Duration : 3 Hours


Note: 1) Answers to this paper must be written in English only.
  2) This paper will test the candidate's ability to comprehend, to analyse, to criticise subject matter related to the topics/sub topics mentioned below.
  3) It is expected from candidates to study the latest and recent developments and happenings pertaining to the topics/sub topics mentioned below.


Section - A( Marks : 50 )
Accounting
1) Financial Accounting :

.01) Accounting as a financial informationsystem

.02) Accounting Standards in India and international accounting standards (only outlines)

.03) Final Accounts.

.04) Depreciation accounting, Depreciationpolicies as per accounting standard.

.05) Accounts of non-trading institution.

.06) Partnership accounts.

.07) Advanced problems of company accounts.

.08) Amalgamation] absorption andreconstruction of companies.

.09) Valuation of shares and goodwill.

.10) Consolidated books of holding companywith one subsidiary only.
2) Cost Accounting :

.01) Concept, Nature and Scope of costaccounting.

.02) Material, labor and overheads aselements of cost.

.03) Job costing and Contract costing

.04) Process costing

.05) Marginal Costing; including Cost-volume-profit relationship.

.06) Cost control and cost reduction

.07) Reconciliation of cost and financialaccounts.

.08) Budgetary control, flexible budgets.

.09) Standard costing and variance analysis.

.10) Responsibility accounting, investment, profitand cost centres.
Section - B( Marks : 50 )
3) Taxation :
A) Income Tax :

.01) Definitions

.02) Basis of charge.

.03) Aggregation of income and set off/carryforward of losses.

.04) Incomes which do not form part of totalincome.

.05) Tax management - tax planning, taxdeduction at sources, advance payment of tax.

B) Other Taxes :. Introductory concepts -Sales Tax, VAT, State Excise, Customs and Excise Duty, Service Tax
4) Auditing :

.01) Concept, objectives, principles andplanning of audit including investigations.

.02) Internal check system.

.03) Vouching, Valuation and Verification oftransactions, assets and liabilities.

.04) Audit of limited companies; appointment,removal, powers, duties and liabilities of company auditor.

.05) Auditor's report.

.06) Special points in the audit of differentorganisations like clubs, hospitals, colleges, charitable institutes.

.07) Social Auditing

.08) Audit under computerised environment
Section - C( Marks : 50 )
5) Business Finance :

.01) Finance Function-Nature, Scope andObjectives of Financial Management.

.02) Financial Analysis as a diagnostic tool.

.03) Management of Working Capital and itsComponents-Forecasting of working capital, needs, inventory, debtors, cashand credit management.

.04) Investment Decisions-Nature and Scope ofCapital Budgeting- Capital Budgeting decisions.

.05) Consideration of Risk andUncertainty-Analysis of Non-financial Aspects.

.06) Cost of Capital and its measurement.

.07) Concepts of Valuation-Valuation of firm'sFixed Income, Securities and Common Stocks.

.08) Dividend and Retention Policy-ResidualTheory-Dividend Policy- Other Models- Actual Practices.

.09) Capital Structure-Leverages-Significanceof Leverages-Theories of Capital Structure with special reference toModigliani and Miller approach. Planning the Capital Structure of a Company;EBIT-EPS Analysis, Cash-flow ability to service debt, Capital StructureRatios.
Section - D( Marks : 50 )
6) Financial Institutions :

.01) Raising finance-short term and long term.

.02) Financial Distress-Approaching BIFR,capital markets, securities markets.

.03) Money Market- concepts scope andorganisation.

.04) Capital Market - Structure and role ofcapital market in India

.05) Types of financial Institutions in India.

.06) International financial Institutions.

.07) Roll of SEBI

.08) Monetary and Credit policy of ReserveBank of India, NRI deposits. Financialservices, Merchant Banking- Credit Rating Agencies


Paper II

Regulatory Framework, Business Systems and Human Relations

Standard : Degree Total Marks : 200
Nature of Paper : Conventional Type Duration : 3 Hours


Note: 1) Answers to this paper must be written in English only.
  2) This paper will test the candidate's ability to comprehend, to analyse, to criticise subject matter related to the topics/sub topics mentioned below.
  3) It is expected from candidates to study the latest and recent developments and happenings pertaining to the topics/sub topics mentioned below.


Section - A( Marks : 50 )
OrganisationalBehaviour
1) Organization :

.01) Concept, goals, types of goals. Displacement, succession, expansion andmultiplication of goals, Types of organisations - formal and informal, Typesof Structure - line, line & staff, functional and committee form oforgnisation and their limitations.

.02) Learning Organisation. Organisationtheories - classical, neoclassical systems, chaos and modern theory.
2) Organisational Behaviour :

.01) As a dynamic system; technical, socialand authority system - Individual attributes affecting organisationalbehaviour (Ability, perception learning, attitude, personality). Status, moral and productivity, Leadershiptheories and styles, Team leadership, Management of conflicts,T.A.(Transactional Analysis), Life positions.

.02) Managerial Communication-concept andtechniques, multicultural organsiation, management of change, stressmanagement, Quality of work life, organisational effectiveness and control.
3) Quality Assurance andcertification: ISO and other agencies, Concept of TQMQuality circles.
Section - B( Marks : 50 )
Legal Regulatory Framework
4) Different forms of business organisations :

.01) Individual proprietorship, partnership,Joint-stock company, Joint sector organisation & co-operative society -their characteristics, merits and demerits.

.02) Business combinations.
5) The major provisions of :

.01) Law of contract, Indian sale of GoodsAct,

.02) Negotiable Instruments Act, ConsumerProtection Act,

.03) FEMA, Patents, Shops and EstablishmentsAct.
Section - C( Marks : 50 )
Marketing
6) Introduction to Marketing :

.01) Scope, importance, concept, Marketingmix, Market segmentation - concept and bases.
Product policy - types of products,different decisions - introduction of a new product, elimination of theproduct from product line, product development, After sale service, Productlife cycle concept.

.02) Pricing methods, factors affecting priceof a product, channels of distribution - role, types, selection of channelsof distribution. Promotions Management- means of sales promotion and advertising - Media - merits and demerits,misleading advertisements, ethics in advertising, Personal selling - salesmen- functions, remuneration, promotion and evaluation.
7) International Marketing :

.01) Meaning, nature, need, environment -internal and external Foreign market, entry strategy. Product planning for foreign markets,Branding, labelling and quality issues. Pricing process, price quotations andpayment terms, Trade fairs and exhibitions, Logistics decisions. Selection of foreig7n sales agents.

.02) Current export policy of India - Trends, export procedure, documents, export finance, ECGC'srole, export assistance and incentives, exports foreign agreements includingWTO.
Section - D( Marks : 50 )
Human Resources Development and Industrial Relations
8) Human Resources Development :

.01) Importance and characteristics, Humanresources planning, its limitations, problems of HRD in India, Job description, Job specifications.

.02) Recruitment - Sources - Internal andexternal, selection process - interviews, employment test and theirapplications, Need of scientific selection policy, placement transfer and promotion.

.03) Training and Development - Types oftraining, limitations of tests, principles of effective training,apprenticeship as an industrialtraining.

.04) Performance appraisal - need,applications, parties involved, techniques and their limitations.
9) Industrial Relations :

.01) Nature and scope, need for positiveapproach. Industrial relations in public enterprises, downsizing, braindrain.

.02) Trade Union movement in India - an overview, its problems, compulsory recognition of tradeunions. Impact of liberalisation,privatisation and globalisation on trade union movement.

.03) Prevention and settlement of industrialdisputes in India, Collective bargaining, Industrial democracy, Workers'participation in management - problemsand prospects. Motivation and social security measures, Govt wage policy and legislations, Human Resources Department - Role, functions and interrelationship withother departments in promotion of HRD and industrial relations.
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