WBPSC Audit & Accounts Service Exam Syllabus 2022 – Download Prelims & Mains Examination Pattern

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WBPSC Audit & Accounts Service Exam Syllabus 2022 – Download Prelims & Mains Examination Pattern: West Bengal Public Service Commission (WBPSC) has released the Audit & Accounts Services Exam Syllabus 2022. Revised syllabus is available here. Candidates who had applied for WBPSC Audit & Accounts Services Recruitment 2022 can check the latest Syllabus from this article which is officially released by WBPSC. Here is good news for the aspirants who are searching for Audit & Accounts Services Exam Syllabus 2022. In the below section contenders will get a subject-wise Syllabus along with the Exam Pattern. So with the reference given Miscellaneous Services Syllabus, all the applicants must start their preparation because there is an enormous competition for WBPSC Jobs. For Latest Government Jobs in West Bengal, Click Here.

Click Here for WBPSC Audit & Accounts Service Recruitment 2022

About WBPSC:-

The evolution of the Public Service Commission in India can be traced back to the persistent demands raised by the educated Indians for admission into the Indian Civil Service. The Montagu-Chelmsford report incorporated a provision regarding this demand of the Indian Youth and ultimately the Govt. of India Act, 1919 saved the path for the formation of the Public Service Commissions Section 96C of the Govt. of India Act, 1919 provided for the establishment of a Public Service Commission in India to regulate the recruitment and control the public services in India and perform such functions as may be assigned thereto by Rules made by the Secretary of State in Council.

The passing of the Govt. of India Act, 1919 was followed by a protracted correspondence stretching over four years between the Secretary of State, the Govt. of India and local Governments regarding the framework of the body to be constituted. Subsequently, the Lee Commission in its report dated 27th March, 1924, recommended the establishment of the Public Service Commission as suggested by the Government of India Act, 1919 without any further delay.

Pursuant to the provisions of the Section 96(C) of the Govt. of India Act, 1919 and the recommendation of the Lee Commission, Central Public Service Commission was set up for the first time in India in October, 1926. It was formed in accordance with the traditions of the British Civil Service Commission. The functions of the Public Service Commission were regulated by the Public Service Commission (Functions) Rules, 1926 framed under Sub-Section (2) of Section 96(C) of the Government of India Act, 1919. These rules provided for consultation with the Commission in respect of recruitment to All India Services, Central Services Class I and Class II, on questions of drawing up of syllabi for examinations and of qualifications for recruitment by selection, on promotion to these services, on disciplinary cases, on questions connected with pay and allowances, pension, provident funds, leave rules and conditions of service.

The next significant development in the history of Public Service Commission in India was the issuance of a White Paper in December, 1931 delineating proposals for Indian Constitutional Reforms. The White Paper also contained a blue print of the Public Service Commissions for the proposed Federation and the provinces. The report of the Joint Committee on Indian Constitutional Reforms (1934) further reiterated the need for setting up a federal PSC and a PSC for each province the Govt. of India Act, 1935 envisaged a Public Service Commission for the federation and a Provincial Public Service Commission for each Province or Group of Provinces.

In terms of the provisions of this Act and its coming into effect on 1st April, 1937, a Public Service Commission was formed in each province except in cases of certain provinces which formed the Joint Public Service Commissions. This is the background for the emergence of Bengal Public Service Commission in 1937 and its continuance as the PSC, West Bengal.

The Constituent Assembly realized the importance of giving a secure and autonomous status to the Public Service Commissions both at Federal and Provincial levels for ensuring recruitment to Civil Services without any prejudiced and protection of service interests. With the promulgation of the new Constitution for independent India on 26th January, 1950, Public Service Commissions in the States were accorded a Constitutional Status in terms of Article 315.

After its formation, the PSC, W.B. started functioning from Bhabani Bhavan, Alipore. Subsequently, Examination Section of the office shifted to Town Hall, Kolkata while rest of the office operated from Bhabani Bhavan. After several years, the Town Hall was vacated and the Examination Section was accommodated in a building adjacent to Bhabani Bhavan. At that time, 2 floors of a building near Sealdah were used as examination venue. In the year 1989, the entire office of the PSC, W.B. was shifted to a newly constructed building at 161-A, S.P. Mukherjee Road, Mudiali, Kolkata-700026, Near Tollygunge Rly. Bridge. All the sections of the P.S.C., W.B. as well as exam. halls are at present located in this building.

WBPSC Audit & Accounts Service Exam Syllabus 2022 Details

Name of Organization West Bengal Public Service Commission
Post Names Audit & Accounts Service Examination
Official Website  http://pscwbapplication.in/
Category Syllabus
Qualification B.Com, M.Com

WBPSC Audit & Accounts Service Exam Syllabus 2022 

WBPSC Audit & Accounts Service Syllabus 2022 and Exam Pattern for Preliminary Examination and Main Examination had given here. Applied Candidates of West Bengal Public Service Commission Recruitment can have a look at this article to get and download the Latest Required WBPSC Audit & Accounts Services Exam Syllabus along with Exam Pattern. Here regularly we are updating all Latest Government Jobs Exam Syllabus PDF along Exam Pattern. Before going to attend for you should know the Syllabus and Exam Pattern for WBPSC Audit & Accounts Service Syllabus.

West Bengal Public Service Commission has announced Audit & Accounts Service Examination Jobs. Nowadays there is heavy competition for any Govt Job. The Selection Procedure includes the written test (Preliminary Examination, Main Examination). Here we are providing the Syllabus and Old Question Papers for easy preparation. All the Best!

West Bengal Public Service Commission Audit Services Exam Pattern

For those who have applied for WBPSC Audit Services recruitment may now start preparing for the Exam because Competitive Exams need more concentration and more practice. Exam Pattern and Syllabus are very important for Preparation of WBPSC Audit Services Exam.

The examination will be held in three successive stages viz.  (1)  Preliminary  Examination  (Objective Type), (2) Final Examination (Conventional Type – Written) and (3) Personality Test, as detailed below.

WBPSC Prelims Exam Pattern 2022 For Audit Service

The Preliminary Examination will consist of only one paper on “General Studies”. The question paper will be of objective type consisting of 200 multiple choice questions. The paper will be of 200 marks and will be of 2½ hours duration.

Paper (General Studies) Marks
Group-A
English Composition 50
General Knowledge, Current Affairs of National & International
Importance, History of India & Indian National Movement, Geography,
Reasoning
45
Constitution of India with special reference to NITI Aayog, (erstwhile
Planning Commission), Finance Commission, Finance, Accounts & Audit.
35
Group-B
Business Mathematics & Statistics 35
Accountancy & Costing 40
Total 200 Marks

The Preliminary Examination is only of qualifying in nature. Candidates who got qualified in the Preliminary Examination are only eligible to appear for the Main examination.

WBPSC Audit & Accounts Service Main Examination Pattern

Main Examination (Descriptive) Marks
Compulsory Papers (100 marks each paper) :
A. English Essay, Precis Writing & Composition.
B. Bengali/Hindi/Urdu/Nepali/Santali Essay, Precis Writing &
Composition.
C. General Knowledge & Current Affairs.
D. Business Mathematics & Statistics.
E. Auditing
500
Optional Papers (100 marks for each paper) :
Candidates shall have to choose three (3) papers taking one from each
group, viz. Group – A, Group – B & Group – C.
Group – A :
A 1 : Macroeconomics & Public Finance.
A 2 : Indian Financial System.
A 3 : Economic Principles & Indian Economic ProblemsGroup – B :
B 1 : Business Regulatory Framework.
B 2 : Cost & Management Accounting.
B 3 : Advanced Accountancy.Group – C :
C 1 : Business Management.
C 2 : Direct & Indirect Taxation.
C 3 : Information Technology & its application in Business.
300
Total 800

Personality Test:  200 marks

A limited number of candidates selected merit-wise on the results of  the Final Examination  (Written) will be called to the Personality Test.

The final Merit List will be  prepared on the basis  of the total marks obtained

WBPSC Audit & Accounts Services Preliminary Examination 2022 Syllabus:-

General Studies Syllabus:

  • GK About India & West Bengal
  • Books
  • Chemistry
  • Capital
  • History of India
  • Political series of country
  • Geography
  • Currency
  • Scientific progress / Development
  • Scripts
  • Culture, Geography
  • National/ International awards
  • Biology
  • Focus on Physics
  • Indian & West Bengal Agriculture
  • Current Affairs etc.

WBPSC Audit & Accounts Services Main Examination 2022 Syllabus:-

Compulsory Papers Syllabus:

Business Mathematics & Statistics:

1. Ratio and Proportion with simple applications.
2. A.P., G.P., Convergence and Divergence of G.P. series.
3. Permutations:- Definition, Factorial notation, Theorems on permutation, Permutations with repetitions, Restricted permutations.
4. Combinations:- Definition, Theorems on combination, Basic identities, Restricted combinations.
5. Logarithm:- Definition, Base and index of logarithm, General properties of logarithm, Common problems.
6. Compound interest and Annuities:- Different types of interest rates; Concept of present value and amount of sum; Types of annuities; Present value and amount of an annuity including the case of continuous compounding; Valuation of simple loans and debentures; Problems relating to sinking funds.
7. Set Theory:- Definition of Set; Presentation of Sets; Different types of Sets-Null Set, Finite and Infinite Sets, Universal Set, Subset, Power Set etc.; Set Operations; Laws of Algebra of Sets.
8. Correlation and Regression:- Scatter diagram; Simple correlation coefficient; Simple regression lines; Spearman’s rank correlation; Measures of association of attributes.
9. Index Numbers:- Means and types of index numbers; Problems in constructions of index numbers; Methods of construction of price and quantify indices; Tests of adequacy; Errors in index numbers; Chain-base index numbers; Base shifting, splicing, deflating; Consumer price index and its uses.
10. Interpolation:- Finite differences; Newton’s forward and backward interpolation formula; Lagrange’s interpolation formula.
11. Measures of Central Tendency:- Common measures of central tendency – mean, median and mode; partition values-quartiles, deciles, percentiles.
12. Measures of dispersion:- Common measures of dispersion-range, quartile deviation, mean deviation and standard deviation; Measures of relative dispersion.

Compulsory Paper E – Auditing

1. Definition & Scope of Auditing : Relation of Auditing with Book keeping and Accounting – Objectives of AuditingError (different types their detection); Frauds-manipulation of accounts with or without misappropriation of cash and goods and auditor’s positions in relation thereto – Advantage and limitation of audit-Ethics in auditing-Auditor’s independence.
2. Classification of Audit; Statutory and Non-statutory Audit, Continuous Audit and Periodical Audit; Internal audit and Interim Audit-Limited Review.
3. Preparation before the commencement of Audit and Procedure of Audit : Steps before the commencement of Audit of sole proprietorship, partnership firm & company-Preparation by Auditor’s (Audit Planning-Audit Programme-Audit Files-Audit Note Book & Working Papers) & Procedures (Routine Checking and Test Checking – Sampling
Procedure – Audit-in Depth – Analytical procedure) – Concept of Audit Risk-Assessment of Audit Risk-Auditing Standard (Basic concepts).
4. Internal audit, Internal Check and Internal Control; Concepts & Principles; Auditors’ position in relation theretoInternal check as regards (a) Sales, (b) Purchases (c) Stores and (d) Wages-Regulatory requirement of Internal Audi (Company Act, 2013).
5. Vouching: Concepts-Objectives-Importance; vouching of cash Receipts and Payments, Outstanding assets and liabilities.
6. Verification and Valuation: assets & Liabilities including Contingent Asset and Liabilities.
7. Company Audit: Qualification, Appointment, Remuneration & Removal of Company Auditor-Rights and Duties of Company Auditor (Under the provision of Company Act, 2013) – Branch Audit – Joint Audit – Special Audit.
8. Divisible Profits and Dividend-Concept, Treatment of Depreciation, Reserve and Provision (Companies Act, Relevant Accounting Standards and Relevant Case Laws).
9. Auditor’s Report and Certificate: Concept of True and Fair view-Materiality (Concepts & Relevance) – Certificate of Corporate Governance-Cash flow statement – Reporting and Audit.
10. Audit of different Institutions :
• Bank-Legislation Relevant to Audit of Banks, Approach to bank Audit, Internal Control Evaluation, NonPerforming Assets (Concept, Provision), Long form Audit Report.
• Insurance Companies-Legislation Relevant to Audit of Insurance Companies (Life and General Insurance),
Review of Internal Control and Audit Report (Matters as per IRDA).
• Educational Institution and Hospital.
• Features and basic principles of Government Audit-Local Bodies and Non-Profit Seeking organizations
(including NGOs).
• Comptroller and Auditor General (CAG) and its Constitutional Role.
11. Investigation :
• Meaning, purpose-Distinction between Investigation and Auditing approach to Investigation- Types of
Investigation.
• Assessing a Business (Due Diligence Review, Valuation).
• Investigations to detect Fraud, Misappropriation and Defalcations.
• Investigations with respect to Business Combinations.
12. Special Audit and Other Issues :
• Cost Audit – Concepts, Objectives, Advantages, Relevant Provisions of Companies Act.
• Management Audit-Tax Audit-Systems Audit-Social Audit-Environment Audit-Energy Audit-Forensic Audit.
• Auditing in CIS Environment.
• Ethics in Auditing – Auditor’s Independence.
• Peer Review.

Optional Paper:

Group-A: (Paper A1)

Macroeconomics :
1. Macroeconomics-Scope and basic concepts.
2. National Income Accounting-Concept and measurement of GDP,GNP,NNP,NI and DPI-Circular flow of incomeReal and nominal GDP Implicit deflator.
3. Theory of Equilibrium Income Determination: Simple Keynesian Model; Consumption, Saving and Investment functions-National Income Determination; Investment and government expenditure multipliers.
4. Commodity market and Money market equilibrium; Derivation of IS and LM curves-Shifts of IS and LM curvesequilibrium in IS-LM model-Effectiveness of monetary and fiscal policies.
5. Concept of demand for and supply of money. Quantity theory of money and Keynesian theory of demand for money. Measures of money supply – High powered money- Money multiplier. Concept of Inflation-Demand –pull and Cost-push theories of inflation-Monetary and fiscal policies to control inflation-Instruments, objectives and limitations.

Public Finance :
1. Origin and Development of Public Finance-Meaning, public finance and federal finance, public finance and private finance, principle of maximum social advantage.
2. Principles of Taxation and government Expenditure-Benefit approach, allocation of public goods, ability to pay approach, excess burden of taxes.
3. Raising of Public Funds-Sources and classification of public revenues, incidences and shifting of taxes.
4. Development of Federal Finance in India-The constitutional arrangements, Finance commissions.
5. Central Finances-sources and uses of funds-effect of fiscal Policy- relation between planning and central budgeting.
6. State finances-sources and uses of funds- issues of federalism.
7. Indian Fiscal Policy and Deficit Financing.

Group-A: (Paper A2) (Indian Financial System)

1. Financial System :
Meaning and significance, Role of finance in an economy, Components (instruments, markets etc.); Kinds of finance-Rudimentary finance, Micro finance, Direct and Indirect finance; Role of financial intermediaries. The structure of Indian Financial System-Role of Regulators.

2. Money and Indian banking System :
Functions; Alternative measures to money supply in India-Their different components; Commercial banksImportance and functions; Structure of Commercial Banking System in India; Distinction between Commercial and Central Bank; Credit Creation process of Commercial Banks; High powered money- meaning and uses-Concept of Money Multiplier- Payment Bank (Concept only). The Reserve Bank of India; Functions; Instruments of Monetary and Credit control, Main features of Monetary Policy since Independence.

3. Other Financial Institution :
Other Financial Institutions; Introduction; Life Insurance Corporation of India, General Insurance Corporation of India, Unit Trust of India, Development Banks (Concept)-IRDA.

4. Interest Rate Structure :
Meaning – Gross and Net interest rate- their difference, Nominal and Real interest rate- their difference, differential interest rate, causes of variation of interest rate, relationship between interest rate and economic progress, Administered and Market determined interest rate, recent changes in interest structure in India.

5. Money Market :
Concept, structure of Indian Money Market, Acceptance Houses, Discount Houses, Call Money Market, Recent trends of Indian Money markets.

6. Capital Market :
Concept, Security market, Primary and Secondary markets – Functions & Role, Functionaries of Stock exchanges – Brokers, Sub-Brokers, Jobbers, Consultants, Institutional Investors & NRIs.

7. Investors; Protection :
Grievances concerning Stock Exchange dealing & their removal, Grievance Redressal Cell in Stock Exchanges, Role of the SEBI, Company Law Board Judiciary & Media.

8. Financial Services :
Fund based and fee based services and their differences, Merchant Banking-Functions & Roles, SEBI guidelines,
Credit Rating- concept & types, Functions & limitations, Profile of Indian Rating Agencies, Leasing and other
services.
Group-A: (Paper A3) (Economic Principles and Indian Economic Problems)

1) Introduction :
Economics- Scope and subject matter. Distinction between Economics and Business Economics. Tools required – Functional relationship, schedule, graphs, concept of slope and its measurement etc. Resources- Scarcity and efficiency- Production Possibility Frontier- It’s shifting.

2) Basics of Demand and Supply :
The concept of demand and demand function- Derivation of Individual demand curve and Market demand curveShifting of the demand curve- The supply function and the supply curve – Derivation of individual supply curve and market supply curve- Shifting of the supply curve- Determination of equilibrium price-Concept of Elasticities of demand- Measurement of various elasticities of demand- Distinction between slope of a demand curve and the elasticity of demand – Elasticity of supply- Measurement.

3) Theory of Consumer Behaviour :
Cardinal Analysis – Law of diminishing marginal utility-consumer surplus-Ordinal approach-Indifference curve analysis- Budget line- Consumer Equilibrium- Income consumption curve and Price consumption curve- Hicksian decomposition of price effect into substitution effect and income effect- Demand curve for Normal, Inferior and Giffen goods.

4) Theory of Production :
Production Function- The Law of variable proportions- Relationship among TP, AP and MP. Concept of Isoquant and Isocost- Finding the optimal employment of inputs- Ridge Lines: the economic region of production- Output expansion path and homogeneous production function.

5) Theory of Cost :
Cost analysis- different concepts-Accounting and economic costs, opportunity cost, Private and social costs; Short run and long run costs.

6) Market for Commodities :
Perfect Competition – Short run and long run equilibrium- Supply curve in the short run (shutdown and breakeven point concept). Monopoly- Short run and long run equilibrium- Concept of Price discrimination. Monopolistic Competition – Oligopoly Market- Short run and long run equilibrium.

7) Factor Price Determination :
Theory of wage Determination – Backward Bending Supply curve of labour; Determination of Rent, Profit and Interest rate.

8) Overview of Indian Economic Trends :
National Income; Concept- Methods of measurement of national income in Indian economy- Trend of National income & per capita income – trend in structural composition of national income. Trend in occupational structure. Trends in Savings and Investment in Indian economy.

9) Issues in Indian Economy :
Problems of Growth; Unemployment, Poverty, Inequality in Income distribution, Inflation, Concept of Parallel economy.

10) Problems and Policies of Indian Economy :
A) Basic features of Indian agriculture; Low productivity; Land reform; Green Revolution; Rural Credit; Agricultural Marketing; Impact of New Agricultural Policy (NEP) on Indian Agriculture with special reference to Food Security.
B) Industry : Role of Government – Fiscal Policy – Industrial policies in the Pre-reform and Post-reform period in 1991 – Industrial sickness- Privatization- Disinvestment of Public Enterprises- Foreign Capital in India.
C) Globalization and the Policies of the Indian Economy under WTO regime- Problems of developing countries.

11) Indian Economic Planning :
Concepts of Economic planning; Objectives and achievements of Indian Five-year Plans (Plan period I to XII). Import Substitution –vs- Export Promotion Strategy-Planning Commission & NITI Ayog.

Group-B:

Paper B1: Business Regulatory Framework:

Indian Company Law

a) Introduction- definition, features and types of companies; Private Company and Public Company- Differences, conversions of private company into public company and Vice Versa – One person company- Small company.
b) Memorandum of Association and Article of Association, distinction, alteration of Memorandum and Article of Association, Doctrine of Ultra Vires and Indoor Management; Prospectus- form and content- statutory requirement of a prospectus; additional disclosures in prospectus statement in lieu of prospectus statement by experts, Shelf prospectus, red-herring prospectus, abridged prospectus, misstatement in prospectus and its consequences; minimum subscription, Dematerialized share.
c) Formation of Company: Essential steps, procedure for registration and incorporation, certificate of incorporation and commencement of business; Promoters- legal status, duties, liabilities and remuneration; allotment of shares.
d) Share capital- equity and preference shares; stocks; sweat equity shares; ESOP (Employees Stock Option Scheme), right issues; share certificate and share warrants – distinction; bonus shares; transfer and transmission of shares; buy back of shares; debentures – classification.
e) Board of Management – Directors – qualification, disqualification, appointment, legal position; number of directorship ; Removal ; Registration of Director ; Duties ; liabilities ; power of board of directors; managing director – qualification, appointment ; key managerial personnel; Company meeting – quorum, resolution, Minutes ; Winding up-modes, Ground for compulsory and voluntary winding up.

The Sale of goods Act, 1930

a) Introduction: definition; goods and their classification; sale and agreement to sell; essential elements of contract of sale; sale distinguished from hire purchase and installment sale.
b) Condition and Warranties : Distinction between condition and warranty; implied conditions and warranties.
c) Doctrine of Caveat Emptor and its exceptions.
d) Transfer of Ownership : Passing of property from the seller to the buyer.
e) Transfer of Title by Non-owners : Unpaid seller and his rights.

Indian Partnership Act, 1932

a) Partnership : Meaning- partner, firm and firm name; essential elements; true test of partnership.
b) Types of Partner: Partnership distinguished from co-ownership, company, club, partnership by- (a) estoppels or
holding out (b) limited partnership.
c) Registration of Partnership Firm : Consequences of non-registration.
d) Minor’s position in partnership.
e) Rights and Duties of the Partner: Relation of partners with third parties; implied authority of partner – restrictions on the implied authority of a partner.
f) Dissolution of Firms : Meaning and ground of dissolution.
g) Limited Liability Partnership, 2008 : Similarity and difference with Partnership Ac, 1932.

The Negotiable Instrument Act, 1881
a) Negotiable instruments : Definition, features; Promissory Note, Bill of Exchange and Cheque-Essential elements; distinction between Promissory Note, Bill of Exchange and Cheque.
b) Types of Cheques- modes of crossing cheques; inchoate stamped instrument; accommodation bill ;
c) Fictitious bill.
d) Endorsement- Types of endorsement.
e) Holder and Holder in due Course: Right of holder in due course.
f) Dishonour of Negotiable instruments: Modes of dishonor; consequences; notice of dishonour.

The Indian Contract Act, 1872
a) Essential elements of a valid contract, classification of contracts.
b) Offer and acceptance : meaning, rules relating to valid offer and acceptance; communication of offer and acceptance; revocation of offer and acceptance.
c) Consideration : definition, essential elements, types of consideration; “no consideration no contract” and its exceptions.
d) Capacity of Parties : Competency to contract; minor; persons of unsound mind; persons disqualified by other laws.
e) Consent : Definition of consent and free consent; coercion; undue influence; fraud; misrepresentation; mistake.
f) Void and Voidable Agreement : Definition; distinction between void and illegal agreement; wagering agreement.
g) Discharge of Contracts : Meaning; methods of termination or discharge of contract.
h) Special Contract : Definition only; contingent contract; quasi contract; contract of indemnity; contract of guarantee; bailment; pledge.

Consumer Protection Act, 1986
a) Introduction : Objective of the Act, definition of complaint, consumer; consumer dispute, goods, services etc.
b) Objectives of Central Council and state Council.
c) Consumer Dispute Redressal Agencies; Composition and jurisdiction of district forum, State Commission and National Commission.
d) Manner of Lodging a Complaint: Procedure of complaint; findings of District Forum, Appeal

Employees Welfare Acts (General Idea)
a) Payment of Bonus Act, 1965.
b) Payment of Gratuity Act, 1972.
c) Employees Provident Funds and Miscellaneous Provisions Act, 1952

Group-B: Paper B2 (Cost & Management Accounting)

1. Introduction : Nature and scope of Cost Accounting- Concept of Cost- Classification of Cost – Cost Accounting Vs. Financial Accounting – Cost Accounting Vs. Management Accounting – methods of Costing – Installation of Costing System.
Cost concepts, terms and classification of costs: Cost, Cost object, Cost units and Cost Centres. Types of costs, classification of costs, cost sheet (introduction only), total cost and unit costs, Costing Methods and Techniques – Activity Based Costing.

2. Material Cost : Definition of Material Cost – Classification of Material Cost – Materials purchase procedures – Different types of Stock Levels – Economic Order Quantity – Methods of Pricing of Issues of Materials (FIFO, LIFO and Weighted Average).

3. Labour Costs : Definition of Labour Costs – Classification of Labour Costs – Methods of Time Keeping and Time Booking – Idle time and Overtime (Causes) – Methods of Wage Payment – Time and Piece Rates – Halsay and Rowan System of Wage Payment – Incentive Plans.

4. Overhead : Definition – Classification – Departmentalization of Overhead Costs-Absorption of Overhead CostsDetermination of Overhead Absorption Rates- Application of Different Methods of Absorption of Overhead CostsTreatment of under/over absorption overhead.

5. Job Costing (Job cost cards and databases, Collecting direct costs of each job, Attributing overhead costs to jobs, Application of job costing). Batch Costing. Contract Costing : Features of Contract Costing – Progress payment, Retention money, Escalation clause, Contract accounts, Accounting for material, Accounting for plant used in a contract, Contract Profit and balance sheet entries.
Service Costing and Output Costing- Introduction : Motor Transport Costing, Hotel Costing (Staff Canteen Costing,
Hospital Costing, Boiler House Costing- brief idea only). Single or Output costing.

6. Process Costing : Meaning, Features, Process Vs. Job Costing, Principles of cost ascertainment for Materials, Labour & Overhead, Normal Loss, Abnormal loss and gain and preparation of process accounts. Need for valuation of WIP, Equivalent Production (units) and preparation of process and other relevant accounts valuing WIP under average method and FIFO method (simple cases).
Inter-process profit (simple cases)- Meaning. Advantages and disadvantages and determination of stock value for
the purpose of balance sheet – By-products & Joint products (Meaning and Distinction).

7. CVP Analysis : Introduction; CVP Assumption and uses; Break-Even Analysis; BE Point and Margin of Safety, Graphical presentation of CVP Relationship; Profit Graph. Marginal Costing and Management Decision- Marginal Costing vis-à-vis Absorption Costing; Marginal costing techniques; Marginal Cost and Product Pricing; Product Mix and Make or Buy Decision, Shut Down Decision (with simple type problems on different areas of decision making).

8. Budgetary Control : Budget and Budgetary Control : the Budget manual. Principal budge factor, preparation and monitoring procedures, preparation of functional budgets (Production, Sales, materials). Cash Budget (idea of master budget), flexible budget, Zero-Based-Budgeting (ZBB).

9. Standard Costing : Standard Costs and Standard Costing; Uses & Importance; Differences with Budgetary Control, Preliminary Steps. Classification of Standards. Analysis and computation of materials, Labour and Overhead Costs Variances (elementary level).

Group-C (Paper C1: Business Management)

1) Introductory Concepts: Concept, definition and nature of Management. Concept of organization. Elements of Organization- Importance of management. Management Science or art or both-Management as a profession – Professional management in India- Functions and levels of management – Managerial skills and organizational hierarchy. Functional Managers and General Managers – Universality of management concept and nature of coordination – Coordination as the essence of management.

2) Evolution of Management Thought: Meaning of management thought and theories. Schools of management theory – Scientific management : elements, principles and criticisms – Contributions of Henri Fayol – Management principles and their criticisms – Human Relations Approach – Hawthorne Experiments and their findings systems and contingency approach to management.

3) Management and Society : Elements of organizational environment- economic, social, technological, political and legal : Social responsibilities of managers Managerial ethics – Ethical theories – Code of Ethics.

4) Planning : Definition, nature and importance of planning – Hierarchy of planning – Types of Plan – Steps in Planning Process – Planning Premises – Meaning of forecasting – Techniques of forecasting – benefits and limitations of Planning – Management by Objectives (MBO) meaning, features and objectives – Steps in MBO process – Benefits and weakness of MBO.

5) Organizing : Concept and meaning of organizing – Process of organizing – Methods of Departmentation – Span of management : factors determining an effective span – concepts of authority, responsibility and accountability – Delegation of authority concept and principles – Measures for making delegation effective – Centralization and decentralization of authority – Line and staff concepts.

6) Staffing : Definition, features and importance of staffing – Elements and functions of staffing – Manpower planning – Job analysis, job description and job specification – sources of recruitment – Selection and placement procedure – Training and development of managerial and non managerial personnel.

7) Leading : Concept features and importance of leadership – Ingredients of leadership – Functions of Leadership – Differences between Leadership and Management. Leadership styles : autocratic, democratic and free-rein leadership – Trait theory of leaders.

8) Motivation : Definition, features and importance of motivation – Motivation and morale – job enrichment and job enlargement – Theories of motivation – Mc Greger’s Theory X & Y. Maslow’s Theory, Herzberg’s Theory, Maclelland’s Need Theory-Critical appraisal of Motivation theories.

9) Control : Definition, nature and importance of managerial control – Relationship between planning and control – Types of control – Steps in control process – Resistance to control – Requirements for effective control system – Important control techniques; budgetary control, performance budgeting, zero-base budgeting, management audit.

Paper C2: Direct and Indirect Taxation:

INCOME TAX ACT, 1961

1. Basic Concepts and Definitions Under IT Act : Assessee, Previous year, Assessment year, Sources of Income, Heads of Income, Gross total income, Total income, Tax Evasion, Tax avoidance, Tax planning, Residential Status and incidence of Tax – Residential status of all persons except company Incomes which do not form part of Total Income.
2. Income from Salaries.
3. Income from House Property.
4. Profits and Gains from Business and Profession.
5. Capital Gain – Meaning and types of capital assets, basic concept of transfer, cost of Acquisition, cost of improvement and indexation, computation of STCGT and LTCG, exemptions u/s 54 and 54F, taxability of STCG and LTCG.
6. Income from other sources (Basic concept excluding deemed dividend).
7. Income of other persons included in Assessee’s Total Income – Remuneration of spouse, Income from assets transferred to spouse and Son’s wife, income of minor.
8. Set off and carry forward of Losses – Mode of set off and carry forward, inter source and inter head set off, Carry forward and set off losses u/s 71B, 72, 73, 74, 74A.
9. Deductions from Gross Total Income (Basic concepts), deduction u/s 80C, 80CCC, 80CCD, 80CCE, 80CCF, 80D, 80DD, 80DDB, 80E, 80G, 80GG, 80GGA, 80GGC, 80U.
10. Relief of Income Tax : U/s 89.
11. Computation of Total Income and Tax payable –
a) Rate of tax applicable to different assessee (except corporate assessee)
b) Computation of tax liability of an individual and firm.
12. Provision for Filing of Return – Assessment (Self assessment, assessment u/s 143(1), scrutiny assessment u/s
143(3) and best judgment assessment u/s 144).
WB VAT ACT, 2003 :
Definition and origin of VAT, objectives of VAT, Registration of Dealer, Rates Structure of VAT, Methodology of VAT Computation (Addition Method, Subtraction Method & input Tax Credit Method), Advantage and Disadvantage of VAT.
CENTRAL SALES TAX ACT, 1956 :
Importance terms and definition under Sales Tax Act Dealer, declared goods, place of business, sale, sale price, turn over, Year, Formulation of principle for determining when a sale or purchase of goods takes place in the course of inter state trade or commerce or outside a state.
CENTRAL EXCISE ACT, 1944
Basic concepts, conditions of excise liability, taxable event of excise duty, definitions of goods, manufacture, excisable goods, deemed manufacture, wholesale dealer, sale or purchase – Different methods for levy of excise duty – Assessable value – concept of CENVAT credit.
SERVICE TAX
Definition of services – Taxable Services – Registration – Calculations of Service Tax liability.

Information Technology and its Applications in Business

1. Information technology and Business – An Overview.
Concepts of data, information and computer based information system, impact of information technology on business (business data processing, intra-organizational and inter organizational communication by using network technology, business process and knowledge process outsourcing). Types of Information System – transaction Processing System (TPS), Management Information System (MIS), Decision Support System (DSS), Knowledge Management System (KMS) – and their implementation at managerial levels (operational, tactical and strategic). Recent trends in information Technology (brief ideas) – Enterprise computing, mobile communication, smart card.

2. Number System and Representation of Data in Computing System. Codes – BCD, EBCDIC, Data representation – bits, bytes, KB, MB, GB, TB, Concept of Number systems (Decimal, Binary, Octal and Hexadecimal), Binary arithmetic (addition, subtraction using 1 & 2’s complement method), Computer ASCII.

3. Fundamental of Computer : Components of digital computer and their functions (input unit, processing unit, output unit and storage unit). Basic concepts of hardware & software. Relationship between hardware and software. Types of software: System software – Operating systems {Characteristics & functions, uses of GUI based O.S. – LINUX AND WINDOWS], Programming Languages Translator – Assembler, Compiler and Interpreter, Utilities, Application software (basic ideas and examples).

4. Data Organization and Data base Management System :-
• Data organization : Character, field, record, file and database. Types of Data Processing Systems [Serial, Batch,
Real-time, Online, Centralized, Distributed]. File Organizations [Sequential, Direct, Indexed-Sequential, Relative], Traditional file organization vs. Database file Organization.
• Database Management System-Concept of DBMS, Important terms of database [including Entity, Attribute, Primary Key, Foreign Key, Candidate Key, Referential Integrity, Table, Views, Data Dictionary]. Types of database [hierarchical, network and relational]. Basic ideas of Data Warehouse and Data mining.

5. Data Communication and Computer Network.
• Data Communication : concept of Data communications, Transmission Modes [Simplex, Half-Duplex, Full
Duplex, Serial, Parallel, Synchronous, Asynchronous], Communication Media. Wireless and satellite communication, Wireless Broadband, WAP, Network components – ridge, Switch, Router, Gateway.
• Computer Networks : Network Concept, Types : LAN, WAN, MAN, VAN, SAN, Various Topologies : BUS, STAR, RING, MESH, TREE.

6. Introduction to Internet :
Meaning of Internet : Concepts of Internet Intranet and Extranet, IP Address (IPv6), URL, Domain name system. Internet Protocols – TCP/IP, UDP, FTP, TELNET (brief ideas only). HTML, DHTML AND XML. (concepts only).

7. Security Issues :
Security threats – Virus, Trozan, Hacking, Spam. Security Measures – Firewall, Antivirus software, Digital Signature. Concept of data Encryption & Decryption. Symmetric and asymmetric encryption. Digital envelope.

8. Overview of E-Commerce :
Meaning : Importance in the context of today’s business. Advantage of e-commerce (as compared with traditional system of commerce). E-commerce and e-business. Internet and its relation to e-business. Mobile Commerce – Basic Idea.

9. Categories of E-Commerce (Models) :
Business to Consumer (B to C) model – Basic idea, major activities, major challenges. Models of B to C [portals, e-tailer, content provider, transaction broker]. Business to Business (B to B) model – Basic idea, major activities, types of B to B market [independent, buyer oriented, supplier oriented, vertical and horizontal e-market place]. Other models – Business to Government (B to G), Consumer to Consumer (C to C), Consumer to Business (C to B).

10. E-Payment :
Types of E-Payment – Payment card [credit card and debit card], Electronic or digital cash. Electronic or digital wallet. Stored value card [smart card]. Basic idea of online banking [core banking solution or CBS].

11. Introduction to ERP : Concept & Definition, features, major characteristics, levels of ERP, Benefits of ERP, Enterprise potentials of ERP, Modules of ERP, Phases of ERP implementation, Limitations of ERP.

 

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WBPSC Audit & Accounts Service Examination Previous Papers pdf Download

WBPSC Audit & Accounts Services Previous Year Solved Question Papers had given here on www.careers99.com. Candidates who applied for WBPSC Audit & Accounts Services Recruitment can now Start preparing for the Exam. Previous Model Papers are very important for Audit & Accounts Services Exam. We are giving WBPSC Audit & Accounts Services Old Question Papers. Most of the questions in the WBPSC Audit & Accounts Service Previous Papers are repeatedly asked. So, here we have gathered all the WBPSC Audit & Accounts Services Exam relevant material which is required for the candidate to start their preparation. Download Free PDF WB PSC Audit & Accounts Services Exam Papers Now. Contenders can also get the Daily Current Affairs which will be helpful while preparing for the written exam. Download WBPSC Audit & Accounts Services Previous Papers from the below-mentioned links.

WBPSC Advanced Accountancy Question Paper

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FAQs regarding WBPSC Audit & Accounts Services Examination Syllabus:

Who will conduct Audit & Accounts Services Examination?

West Bengal Public Service Commission (WBPSC)

What is the selection procedure for WBPSC Audit & Accounts Service Examination?

Preliminary Exam, Main Examination and Interview.

Can Candidate attend Main Examination without qualifying Preliminary Exam?

No, it is not possible to attend for Main examination.

How to download WBPSC Audit & Accounts Services Syllabus?

Candidates can download the Syllabus from the website www.pscwbapplication.in or from www.careers99.com

What is the Official Website of WBPSC?

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