Commerce and Accountancy UPSC Syllabu
Posted by santosh on December 1st, 2021
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Accounting and Finance Accounting, Taxation & Auditing
1. Financing 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.
Emplyees Stock Option and Buy-Back of Securities.
Preparation and Presentation of Company Final Accounts.
Amalgamations, 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.
