Odisha PGT Commerce Syllabus
SYLLABUS FOR WRITTEN EXAMINATION FOR PGT (COMMERCE)
UNIT I : ACCOUNTING:
Financial Accounting: Generally Accepted Accounting Principles (GAAP), Preparation of Final Accounts (Soletrading concern and Partnership) with adjustments.
Corporate Accounting: Accounting for issue and redemption of shares and debentures; Preparation of Final
accounts (statement of Profit and Loss, Balance Sheet, and Cash Flow statement); Amalgamation, Absorption and Reconstruction; Analysis of Financial Statements
Cost and Management Accounting: Ascertainment of Cost; Methods of costing, Job costing, Process costing (Except Equivalent production), contract costing; cost control techniques, Standard costing and analysis of variance; Marginal Costing-, Cost-volume-profit analysis, Break-even analysis and decision making; Budgetary Control.
UNIT II BUSINESS REGULATORY FRAMEWORK:
Law of Contract: Essentials of a valid contract, Void agreements, Discharge of a contract, Contract of Indemnity and Guarantee, Contract of Bailment.
Sale of Goods Act: Contract of Sale, Conditions and warranties, Transfer of ownership in goods including sale by a non-owner, Performance of contract of sale, Unpaid seller- meaning, rights of an unpaid seller against the goods and the buyer.
Partnership Act: Nature and characteristics of Partnership, Registration of partnership, Rights and duties of partners, Types of partners, Limited liability of partnership (LLP) Act, 2008- Salient features of LLP, difference between LLP and partnership, LLP and Company, LLP agreement, Incorporation document, Incorporation by Registration.
Corporate Law (As per Companies Act 2013): Administration of Company Law, National Company Law Appellate
Tribunal, Types of companies, Formation of company and registration of a company, Documents of a companyMemorandum of Association, Articles of Association, Prospectus, GDR; Transmission of shares, Buy back of shares; Appointment of Directors, Their powers and duties, Removal of directors; Types of meeting, Remuneration committee, Audit committee.
Depository Act 1996:- Depository process, De-mat, NSDL, SHCIL, Need for investor’ education.
UNIT III : STATISTICS AND QUANITATIVE TECHNIQUES STATISTICS :
Statistics : Measures of Central Tendency, Measures of Dispersion, Skewness, Kurtosis, Correlation and Regression analysis, Theory of probability, Index number.
Quantitative Techniques: Linear Programming- Meaning and types of LP, Linear Programming Problems (LPP); Network Analysis- Meaning, Network diagram, Techniques of network analysis, CPM, PERT; Inventory Control techniques- Meaning, Inventory control models: ABC analysis, EOQ,.
UNIT IV : TAXATION & AUDITING:
Income Tax:- Concepts of Assessees, Assessment Year, Previous Year, Persons, Total Income and Agricultural income; Residential status of Assessees; Exempted income; Income from Salary, Income from House Property, Income from Business and Profession, Income from capital gain and Income from other sources;Computation of Total Income of individual assessees and Deduction U/S 80 relating to individual assessees.
Goods & Services Tax (GST):– Constitutional framework of indirect tax before GST, Major defects in the structures of Indirect tax prior to GST, GST Council, GST Network, State compensation mechanism, Registration; Levy and collection of GST:- Taxable event- Supply of goods and services, Place of supply: within state, interstate, Import and Export, Time of supply, Valuation for GST, Valuation rules, Taxability of re-imbursement of expenses, Exemption from GST
Auditing:- Meaning, Objects and Types of Audit; Internal check and Internal control; Vouching of Cash transactions, Trading transactions and Impersonal ledger; Verification and Valuation of Assets and Liabilities, Auditor’s duty in respect of divisible profits and dividends.
UNIT V MANAGEMENT:
Principles of Management:- Evolution of management thoughts, Management functions- Planning, Organizing, Staffing, Directing, Motivation, Leadership, Communication and Controlling.
Human Resources Management:- Concept and Functions, Role, HR policies; Evolution of HRM; Emerging challenges of HRM; Work-Force Diversity, Empowerment, Downsizing; VRS, HR Information System; Acquisition; Training & Development and Performance Appraisal.
Marketing Management:- Evolution of Marketing Concept; Marketing mix: Product- Product Classification, product- mix, Branding, Packaging, Labeling; Product Life Cycle; Pricing- Pricing Policies and Strategies; PlaceChannels Of Distribution, physical Distribution System; Online-Marketing. Promotion: Advertising and Publicity, Personal Selling, Public Relations, and Sales Promotion.
Financial Management:- Time value of money; Cost of Capital, Capital Structure, and Capital Budgeting
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