Indian Civil Service Exams (CSE) Syllabus - UPSC Exams

UPSC Exams Indian Civil Services Syllabus for Main Exams: Commerce and Accountancy

Paper-I

Accounting & Finance

Part-I

Accounting, Taxation & Auditing

Financial Accounting

Accounting as a financial information system; Impact of behavioural sciences.

Accounting Standards e.g., accounting for depreciation, inventories, gratuity, research and development costs, long term construction contracts, revenue recognition, fixed assets, contingencies, foreign exchange transactions, investments and government grants.

Advanced problems of company accounts.

Amalgamation absorption and reconstruction of companies.

Valuation of shares and goodwill.

Cost Accounting

Nature and functions of cost accounting.

Job Costing

Process Costing

Marginal Cositng; Techniques of segregating semi-variable costs into fixed and variable costs.

Cost-volume-profit relationship; aid to decision making including pricing decisions, shutdown etc.

Techniques of cost control and cost reduction.

Budgetary control, flexible budgets.

Standard costing and variance analysis.

Responsibility accounting, investment, profit and Cost centres.

Taxation

Definitions

Basis of charge.

Incomes which do not form part of total income.

Simple problems of computation of income under various heads, i.e., salaries, income from house property, profits and gains from business or profession, capital gains, income of other persons included in assessee's total income.

Aggregation of income and set off/carry forward of loss.

Deductions to be made in computing total income.

Auditing

Audit of cash transactions, expenses, incomes, purchases, sales.

Valuation and verification of assets with special reference to fixed assets, stocks and debts.

Verification of liabilities.

Audit of limited companies; appointment, removal, powers, duties and liabilities of company auditor, significance of 'true and fare', MAOCARO report.

Auditor's report and qualifications therein.

Special points in the audit of different organisations like clubs, hospitals, colleges, charitable societies.

Part-II

Business Finance and Financial Institutions.

Finance Function-Nature, Scope and Objectives of Financial Management-Risk and Return relationship.

Financial Analysis as a Diagnostic Tool.

Management of Working Capital and its Components-Forecasting working capital needs, inventory, debtors, cash and credit management.

Investment Decisions-Nature and Scope of Capital Budgeting-Various types of decisions including Make or Buy and Lease or Buy-Techniques of Appraisal and their application-

Consideration of Risk and Uncertainty-Analysis of Non-financial Aspects.

Rate of Return on Investments-Required Rate of Return-its measurement-Cost of Capital-Weighted Average Cost-Different Weights.

Concepts of Valuation-Valuation of firm's Fixed Income Securities and Common Stocks.

Dividend and Retention Policy-Residual Theory or Dividend Policy-Other Models-Actual Practices.

Capital Structure-Leverages-Significance or Leverages-Theories of Capital Structure with special reference to Modigliani and Miller approach. Planning the Capital Structure of a Company; EBIT-EPS Analysis, Cash-flow ability to service debt, Capital Structure Ratios, other methods.

Raising finance-short term and long term. Bank finance-norms and conditions.

Financial Distress-Approaching BIFR under Sick Industrial Undertakings Act: Concept of Sickness, Potential Sickness, Cash Loss, Erosion of Networth.

Money Markets-the purpose of Money Markets, Money Market in India-Organization and working of Capital markets in India-Organization, Structure and Role of Financial Institutions in India. Banks and Investing Institutions-National and International Financial Institutions-their norms and types of financial assistance provided-inter-bank lending-its regulation, supervision and control. System of Consortium-Supervision and regulation of banks.

Monetary and Credit policy of Reserve Bank of India.