Himachal Pradesh Public Service Commission, known commonly as HPPSC, is a government agency and topmost constitutional body of Government of Himachal Pradesh. Here is a detailed syllabus for HPAS Main Exam Optional Paper COMMERCE AND ACCOUNTANCY.
Optional Paper – COMMERCE AND ACCOUNTANCY
PAPER-I
ACCOUNTING, TAXATION & BUSINESS FINANCE
ACCOUNTING AND AUDITING
- Meaning and Scope of Accounting: Need, Development, Book keeping and Accounting, Users of Accounting, Branches of Accounting, Objectives of Accounting.
- Accounting Principles: Concepts and Conventions
- Accounting Transactions: Accounting cycles, Double Entry System, Journals, Ledgers, Trial
Balance
- Classification of Income and Expenditure: Subsidiary Books, imprest system of cash, Bank
Reconciliation Statements.
- Final Accounts: Manufacturing Accounts, Trading Accounts, Profit and Loss Account, Balance
Sheet, Rectification of errors.
- Depreciation: Depreciation Accounting Self Balancing System and Sectional Balancing System
- Branch Accounts
- Accounts of Non- Trading Organization
- Consignments Accounts
- Hire purchase and Instalment System Accounting
- Issue of Shares, Forfeiture, and Reissue of Shares, Redemption of Shares, Issue and Redemption
of Debentures
COST ACCOUNTING
- Nature and Scope of Cost Accounting: Cost Concepts and Classification, Methods and Techniques, Installation of Costing System, Concept of Cost Audit
- Accounting for Material Control: Techniques, Pricing of material, Treatment of Material losses
- Accounting for Labour: Control Procedures, Labour Turnover, Idle Time, Piece Rates, Incentives Schemes
- Accounting for Overheads: Classification and Departmentalization, Absorption of Overheads, Determination of Overhead Rates, Under and Over Absorption of Overheads and treatment.
- Cost Ascertainment: Unit Costing, Job and Contract Costing. Process Costing excluding interprocess profits, Operating Costing, Joint and By products.
- Standard Costing and Variance Analysis
- Marginal Costing and its application in Decision Making
AUDITING
TAXATION & BUSINESS FINANCE
FINANCAIL MANAGEMENT
PAPER-II
BUSINESS ORGANISATION, BUSINESS LAWS & BUSINESS ENVIRONMENT
BUSINESS ORGANISATION
- Concepts of Business, Commerce and Industry
- Business System
- Business Environment: Macro and Micro environment, Environment Analysis
- Social Responsibility of Business
- Forms of Business Organization: Sole Trader, Partnership, Companies, HUF and Co-operative Organization., Comparative utility of various Organizations.
- Promotion of a Venture: Opportunity Analysis, Legal requirement for establishment of a New Unit and Documentation required.
- Marketing and Advertisement
- Stock Exchange
- Management: Concepts, Functions and Process
- Planning: Concepts and Types
- Decision Making; Concepts and Process.
BUSINESS LAWS & BUSINESS ENVIRONMENT
- The Indian Contract Act (1872): Including indemnity, Guarantee, Bailment and Pledge
- Sales of Goods Act 1930
- Negotiable Instrument Act. 1881
- The Consumer Protection Act 1986
- The Payment of Bonus Act. 1965
- Employees Provident Fund Act 1952 (brief only)
- Corporate Personality, Kinds of Companies, Promotion and Incorporation of Companies,
Memorandum of Association, Articles of Association, Prospectus, Shares, Share Capital,
Members, Share Transfer and Transmission
- Company Meetings and Winding up of Companies.
- Company Secretary: Appointment, Functions, Rights and Duties, Qualifications Removal,
- Writing of Minutes of Company Meetings
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