RAS PRE Syllabus-Commerce (Code No. 07)

Commerce (Code No. 07)

Part - I : Accounting

Preparation of the Financial statements including statement of sources and uses of funds. Ratio analysis and interpretation : Ratios relating to short term liquidity, long terms solvency and profitability.

Company Accounts : Issue and redemption of shares and debentures, Capitalisation of profits and issue of bonus shares; Accounting for depreciation including accelerated method of providing depreciation. Study of Indian Accounting standards : Accounting standards relating to Accounting Policy, Valuation of Inventory, Depreciation, Fixed Assets, Events occurring after Balance Sheet Date.

Rate of Return on Investment (ROI) : Evaluation of the over-all performance of a business entity, Marginal costing and decision making.

Auditing : Objects of auditing, Balance Sheet and continuous audit; Concept and objects of management audit; Company Audit : Appointment, rights, duties and liabilities of a Company Auditor.

Part- II Business Management and Secretarial Practice

Floatation of a Joint Stock Company-Procedure and documents; Doctrine of indoor management and Principle of constructive notice ; Types of securities SEBI guidelines regarding their issue.

Management Functions : Planning, Organising, Directing, Coordination and Control.

Organisation structure : Centralisation and decentralisation; Delegation of authority, Span of control; Management by objectives (MBO); Management by exception.

Company Secretarial Practice : Appointment, qualifications and disqualifications - Rights, duties and liabilities of Company Secretary, Drafting of notices, agenda, resolutions and minutes.

Stock Exhanges : Primary and Secondary markets.

Procedure and Financing of Export and Import Trade, Export promotion, Role of EXIM Bank; Principles of Insurance - Life, Fire and Marine insurance.