MPPSC Main Commerce Syllabus

Updated on: Mar 22, 2013
Part- 1 : Accounting

Accounting equation - concepts and Conventions:
General accepted accounting principle, Capital and revenue expenditures and receipts-preparation of financial statements profits and loss Account and balance sheet. Partnership accounts including dissolution and peace meal distribution among the partners accounts of non-profit organization. Preparation of accounts from incomplete records. Company Accounts-Issue and redemption of shares and debentures- Capitalisation of' profits and issue of bonus Shares-Accounting for depreciation including accelerated methods of providing depreciation. Inventory valuation and control.

Cost Accounts - Nature and Objectives of Costing:

Elements of Cost: Ascertainment of Cost through Cost Sheet and Tenders Cost volume-profit analysis and its application to business situations.

Nature and objects of auditing-Balance Sheet and continuous audit-Statutory audit and operational’ audits. Author's Working papers-Internal control and internal audit-Audit of proprietary. and partnership firms-Broad outlines of the company audit.

Part- 2 : Organization, Finance and Management

Distinctive features of different forms of business organizations. Formalities and documents in floating a joint stock Company. Doctrine of indoor management and principle of constructive notice.

Business Finance - Sources of finance w.r.t. India; Types of Company securities and methods of their issue : Role & functions of stock exchanges: A critical review of institutional financing system in Indian Principles of Insurance; Life, Fire and Marine.

Management functions - Planning Organizing. Staffing. Directing, Co-ordination and Control.

Patterns of Organization - Centralization and decentralization. Delegation of authority, span of control, Management by Objective (M.B.O.) and Management by Exception.

Office Management - Scope and principles - System and routings-Handling of records-Office equipment and, machines.

Company Secretary - Functions and responsibilities, Appointment, qualifications, disqualifications, rights., duties position of a company secretary, Drafting of meeting notice agenda and minutes.
Subscribe to our newsletter