ACCOUNTING

Principles of Accounting and their applications to all types of Business Organizations

Banking, Insurance, Investment, Trading and Industrial Concerns, Accounting for
non-profit Organisations !ork-sheet "inancial statements, "inancial #eporting,
"inancial Analysis and Budgeting, $epreciation, Partnership
%ote-Accounting for &'ecutors, Trustees of $eceased Persons, (i)uidators, #eceivers,
Official Agencies, Assignees etc and Accounting for *ultinational Corporation +ill not
,e included
PAPER-II Marks-100
- Cost Accounting
Principles of Cost Accounting, #elationship of Cost Accounting to "inancial
Accounting, Cost Accounting as a tool of management-use of Cost
information, Cost flo+, Cost elements, Costs classification Process Cost and
.o,-order Cost Accounting, Costing for /oint and ,y-Products 0tandard Cost
Accounting, reconciliation of "inancial Accounts +ith Cost Accounts
1 Auditing
Principles of Auditing, The Accounting 0ystem, Its importance to lndependent
Audit, Internal Control, Internal Audit #ights and $uties of Auditors
Professional (ia,ilities of an Auditor Application of Auditing Principles and
Techni)ues to all Types of Trading, Commercial Industrial, Banking, Insurance
and Investment under-takings, Audit programme 0pecial Audit Investigation
of actual or suspected "rauds, (imitations of Audit, Audit #eport, Certificates
and Opinion as re)uired under Companies Act, 0ecurities &'change Authority
#ules Auditing and &$P 0ystems
2 Income Tax
Principles for Computing total income and total +orld income for purposes of
Income Ta', 0elf Assessment 0pecialised kno+ledge of Income Ta' +ill not
,e e'pected Candidates +ill ,e re)uired to have a sound grasp of the
provisions of 0ection -3 of the Income Ta' Act and a +orking kno+ledge-only
of 0ections 45-6, -7, -85-6, -95-6 -45-6, 516, 5a6, 235-6 : 516 2-5-6 -- %o
0chedule 5Item %o 88 : 9- to 75) 245-6 : 5a6 ;4, 845;6 -15II6, -st 0chedule
725-6, 775-6, 78, 8-, 745-6, 83, 81, 8< -1516 and the connected rules of the
Income Ta' Ordinance -494 as amended todate
; usiness Organi!ation and "inance
%ature and 0cope of Business Organization, "orms of Business Organization-
0ole Proprietorship, Partnership, /oint 0tock Company, Cooperative 0ociety,
Company Promotion and *anagement, Insurance, ,usiness Com,inations,
Principles of Business "inance, 0hort Term, Intermediate Term and (ong Term
financing, e'pansion and contraction, #atio analysis-0ources and flo+,
statement, #ole of "inancial Institutions