HSSC Accountant Syllabus and Exam Pattern - Important Topics, Etc.

HSSC Accountant Selection Process

S. No.

Selection Criteria

Weightage

1.

Written Examination

97.5%

2.

Socio-Economic Criteria and Experience

2.5%

Subject

No. of Questions

Total Marks

General awareness, Reasoning, Mathematics, Science, History with an emphasis on Haryana, Current Affairs, Literature, Geography, Civics, Environment, Culture, etc.

20

97.5

Basic Computer Knowledge

10

Post-Specific Subject

70

Total

100

Subject

Weightage

General knowledge, Mathematics, Science, Reasoning History, Haryana-specific history, Geography, current affairs, Environment, literature, Civics, Culture, etc.

20%

Computer terminology, Basics, MS Word software, MS Excel software, MS Powerpoint, internet, emails, web browsing, Communication, uploading and downloading website information, etc.

10%

Subject-Specific Syllabus: Accountancy and Commerce

70%

Topic

Sub-Topics

FINANCIAL ACCOUNTING

Financial accounting, journal, profit, Capital and Revenue, Final Accounts, Consignment Accounts, Hire purchase and installment purchase system, Partnership account, closing the accounts, sharing ratio, Reconstitution of partnership firm, modes &accounting treatment

PRINCIPLES OF BUSINESS MANAGEMENT 

Introduction to commerce: concept, Introduction to Management, Approaches to Management, Planning, organizing, Organizational structure, Decentralization and Centralization, Staffing: meaning, importance & scope of staffing, Directing, Leadership, Controlling.

MICROECONOMICS

Meaning, nature, and scope of economics, micro and macroeconomics, Theories of demand, Nature of the demand function, the elasticity of demand, Production function, Theory of costs: traditional and modern, Equilibrium of firm and industry under perfect competition, price determination under monopolistic competition

MACROECONOMICS

Macro Economics: concept, nature, scope, and variables; national income: concept and measurement; the circular flow of income (four core sectors); consumption function; investment function; multiplier, concepts, and importance; the principle of acceleration, Classical & Keynesian theory of income, output, and employment; income determination in a closed economy, Inflation: meaning, types, theories, causes, effects and remedial measures, Business cycle: meaning, and phases; measures for business cycles, theeory of Samuels and hicks

BUSINESS MATHEMATICS

Logarithms, Anti-logarithms, Sequences and Series, Differentiation: Idea of the simple derivative of different functions (excluding Trigonometrical functions); Rules of differentiation (simple standard forms), Maxima and Minima of functions of one variable (including 2nd or 3rd order derivatives) relating to cost, revenue and profit, Compound Interest and Annuities, Permutations and Combinations, Binomial Theorem, Linear inequalities, Linear programming-formulation of the equation, Data representation and interpretation, Diagrammatic and graphic representation of data, Types of diagrams, graphs of frequency distribution

COMPUTER APPLICATIONS IN BUSINESS

Introduction to Computers, Computer software: introduction, types of software: system, application and utility software; Programming languages; Introduction to operating system: types and function of operating system; Real-time applications; Operating systems for phones, Android and tablets etc.; Open-source software: An introduction, Application software: sheets, Word, Database management; Networks fundamental, 

FUNDAMENTALS OF MARKETING

Introduction, external environment, Market Segmentation, Product, Pricing, Promotion, a Distribution channel. 

BUSINESS ENVIRONMENT OF HARYANA 

Haryana economy: main features and issues; the concept of economic development; economic history of Haryana since its beginning: Population, declining sex ratio, Income; Health & Nutrition, and, Haryana agriculture: nature, cropping pattern, the role of agriculture in Haryana economy, Measures for development in agriculture, crop insurance, Agriculture credit: agriculture finance, types of agriculture finance; credit needs of farmers; sources of credit: institutional and non-institutional sources; NABARD; rural indebtedness: causes, consequences and debt relief measures, Micro, small & medium enterprises (MSME) in Haryana: meaning, role, performance, and challenges; SEZ, Growth of Multinational companies in Haryana, Haryana budget: policies and objectives, revenues sources and its utilization.

E-COMMERCE 

Introduction to the Internet, Information Technology, and Business, Types of information system: Transaction Processing System (TPS), ManagementInformation System (MIS), Introduction to E-commerce; e-commerce and world wide web; e-commerce application services; e-commerce models: Business to Business, Business to Consumer, Consumer to Consumer; electronic information transfer: advantages, EDI: components and implementation, security-related problems in e-commerce, M-commerce, and an overview of e-governance

CORPORATE ACCOUNTING 

Accounting for share capital &debentures, Book building, concept & process; the issue of right and bonus shares; buyback of shares; redemption of preference shares; issue and redemption of debentures, Final accounts of companies (excluding computation of managerial remuneration), Amalgamation of companies, , Valuation of goodwill; valuation of shares: concepts and calculation - simple, Accounts of holding companies, relevant provisions of Accounting Standard, Accounts of insurance firms, Liquidation of companies. Accounts of banking firms

BUSINESS LAWS

Law of Contract (1872, Special contracts, Sale of Goods Act 1930, Remedies: unpaid seller and his rights, buyer’s remedies; Auction sale, Consumer Protection Act 2019, Negotiable Act 1881, Indian Partnership Act, 1932, Limited Liability Partnership Act, 2008, Information Technology Act 2000, RTI Act, 2005: essential provisions 

BUSINESS STATISTICS

Introduction of statistics, Collection of data, Measure of central tendency: mean, median, mode, harmonic mean, and geometric mean, Measure of dispersion, Index numbers, Tests of adequacy, Times Series, Decomposition, determination of trend, Computation of seasonal indices by sample averages, Simple Correlation: concept, types: multiple and partial; linear and non-linear; Scatter diagram, Methods: Karl Pearson’s co-efficient of correlation, Spearman’s Rank Correlation, Concurrent deviation method; Probable and standard errors, Regression Analysis, Probability; concept and approaches; addition and multiplication laws of probability; Conditional probability, Probability distributions, Poisson and Normal distributions. 

COMPANY LAW 

Company, Promotion, and incorporation of companies; promotors: legal position, duty, liability, and remuneration; company and pre-incorporation contracts; incorporation procedure, Memorandum of Association, Articles of Association, Share Capital: types, issue, and allotment of shares and debentures; share certificate and share warrant, reduction of share capital; buy-back of shares, Transfer & transmission of shares and debentures; depository system; borrowing powers and debentures, Membership in companies; Company management and administration; Directors: legal position, qualification, appointment, removal; Powers, duties & liabilities of directors; managerial remuneration; key management personnel, Company Secretary: Role, appointment, duties, liabilities, rights and dismissal, Meetings, winding up: meaning, modes of winding up: procedure and consequences of winding up.

RURAL MARKETING

Rural Marketing: meaning, nature, characteristics; opportunities and challenges to rural markets in India; Socio-cultural, economic, demographic, technological, and other environmental factors affecting rural marketing; rural consumer behavior; segmentation of rural market; strategies for rural marketing; rural marketing mix; the difference in the rural and urban market; problems in rural marketing; Strategies for rural marketing, Product planning, pricing, promotion and management of distribution channels for marketing of durables and non-durables in rural areas; Planning and organizing personnel selling in rural markets; Innovation in the rural market; E-commerce in rural markets, e-chaupal & other similar initiatives in rural markets. 

COMPUTERIZED ACCOUNTING SYSTEM

Introduction: Tally, ERP9 setting up, authorization configurations, the password for the Tally Vault, security settings in Tally, ERP9, separating company data, restores, and backups, Accounting: voucher entry, budget, cost center, balance sheet, profit, and loss account, currency, debit note, credit note, interest calculation, Inventory: stock item, sales order, purchase order, delivery note, rejection out, Computerized Tax Liability Calculation, Salary Accounting, Payroll Masters, Payroll Vouchers, Overtime, Payment, Gratuity, and Advanced Payroll Transactions are all topics covered in payroll. Loan, ESI, Commission, Provident Fund, Bonus, Overtime, and Gratuity are examples of basic salaries.

ENTREPRENEURSHIP DEVELOPMENT 

Entrepreneur: meaning, scope, role, and functions of an entrepreneur, business Feasibility study: preparation of feasibility reports; economic, technical, financial, and managerial feasibility of the project; selection of factory location; demand analysis and potential market measurement; capital and project costing; working capital requirements; source of finance; profit and tax planning, Government support and incentives to the new enterprise; the role of govt., promotional agencies and institution in entrepreneurship development; entrepreneurship development programs; Start-up India; Skill India.

INDIAN FINANCIAL SYSTEM

Introduction: nature and role of the financial system, Components of the financial system: Financial markets and financial instruments: money and capital markets, SEBI: its formation, role and recent developments, The Debt Market: meaning, features, participants, instruments; private, PSUs & Government securities market, Financial institutions: Reserve Bank of India: organization, management, and functions; credit creation and credit control, Commercial banks: meaning and functions, structure and recent developments in commercial banking in India; E-banking, NPA’s in Commercial Banks, Payment Banks, Development banks: concept, objectives, and functions; recent developments in development banking. 

ACCOUNTING AND REPORTING STANDARDS

Accounting standards, accounting standards interpretations and guidance notes on various accounting, aspects issued by ICAI and their applications; An overview of international accounting standards; International financial reporting standards, Corporate financial reporting: issues and problems with particular reference to published financial, statements; interim reporting; segment reporting and social reporting, Valuation: concept and need; valuation of tangible fixed assets; valuation of intangibles; valuation of liabilities; valuation of shares; valuation of the business, Developments in financial reporting: value-added statement, economic value added, market value added, shareholders value added.

COST ACCOUNTING 

Introduction, cost concepts & classification, Materials, Inventory control, Labour, Methods of wage payment, Overheads, Methods of costing, Standard costing and variance analysis: material and labor, Cost control and cost reduction; cost audit; an overview of cost audit standards.

FINANCIAL MANAGEMENT

Financial management, financial planning, and forecasting, sources of finance, Cost of capital, Capital structure decisions: meaning and determinants of capital structure; theories of capital structure, capital budgeting decisions, working capital management

INCOME TAX

Introduction to income tax: concept, tax management, Basis of charges, Heads of income: income from salary, house property; profit and gains from business and profession, capital gains and other sources, Clubbing and aggregation of income, Provisions regarding set-off and carry forward of losses, Deductions under section 80C to 80U in computing total income, Computation of total income and tax liability of an individual and H.U.F. Computation of total income and tax liability of a Firm, Deduction of tax at source; advance payment of tax, Income tax authorities and their powers, Procedure for assessment; different types of returns, Procedure of filing e-return and revised return, Recovery and refund of tax, Penalties, and prosecutions; appeals and revision. AUDITING Introduction, types of audits, Audit process, Methods of audit work, Vouching, Audit of limited companies, Investigation: meaning, nature, procedure and objectives, investigation and due diligence, Professional ethics of auditing 

GOODS AND SERVICES TAX GST: 

meaning, taxable person, registration: procedure and documents required, Levy and collection of GST, Time and place of supply of goods and services, the value of taxable supplyComputation of input tax credit and transfer of input tax credit tax invoice credit and debit note various returns to be filed under GST, Payment of tax including TDS, Interest Provisions on delayed payment, Offences, and penalties.

SUPPLY CHAIN MANAGEMENT

Supply chain management (SCM): concept, scope, and importance; approaches to SCM; the role of SCM in firm and economy; SCM and the marketing mix; SCM as coordination function; integrated SCM: total cost concept; Strategic SCM: SCM strategy, implementation, and management; interrelationship of SCM and marketing, Elements of SCM; transportation: considerations in selecting the correct mode; multimodal transportation; warehousing: types, site selection, and management; customer service-strategy and practices; distribution, channel design, Information system in SCM; ERP and SCM; recent developments in SCM - third/fourth party logistics. 

INDIAN ECONOMY

Indian economy: features, size; natural resources: land, water, forest, and energy; infrastructure: importance & types, infrastructure development programs in India, essential issues, Agriculture: features, importance, agricultural production and productivity, rural indebtedness, agricultural marketing, agricultural finance, agricultural policy, a new development in agriculture: contract farming, organic farming, and corporate farming, Industrial development during the planning period; Industrial Policy, National Manufacturing Policy; Micro, Small and Medium Enterprises (MSME): importance, problems, and Govt. Policy; Large Scale Industries: Iron & Steel, Cement, and Petrochemicals, Service sector in India: growth and contribution of services, significant areas of the service sector in India, Foreign trade of India: composition and direction, Problems of Indian economy: population, poverty, unemployment, inflation, unequal distribution of income and wealth, inter-state disparities in the pattern of development

MANAGEMENT ACCOUNTING 

Management reporting, Management accounting, Analysis of financial statements, ratio analysis, Cash flow, and funds flow statements, Absorption V/S variable costing, Budgeting, and budgetary control.

BUSINESS ENVIRONMENT

Business environment, environmental and organizational scanning, Economic systems, Economic planning in India, Role of Government, Foreign investment, foreign exchange market: an overview 

FUNDAMENTALS OF INSURANCE 

Introduction to insurance, Contract of life insurance, Fire insurance, Marine insurance, Accident and motor insurance, Insurance intermediaries – role of agents and procedure for becoming an agent; cancellation of license; suspension/revocation/termination of agent joining; unfair practices, code of conduct 

HUMAN RESOURCE MANAGEMENT 

Human resource management, Human resource planning, Job Analysis, Recruitment, Selection, induction and internal mobility, transfer, demotion, Training, training methods: on-the-job and off-the-job methods, Performance appraisal. 

RETAIL MANAGEMENT

Retailing, planning location of retail institution: trading area analysis, deciding the most desirable type of location, choice of a general location, choosing and evaluating a particular site; material handling, Organizational structure in retail institutions; classification of retail institutions; store based and nonstore based retail organizations; the process of setting up a retail organization, Store management: blueprinting operations, deciding stores layout, security problems; applications of IT in retail shopping, Trends of retail; Foreign Direct Investment in retail, energy management

INDUSTRIAL LAWS

Industrial Relations, Factories Act, 1948. Trade Union Act, 1926, The Employees’ Compensation Act, 1923; Industrial Disputes Act, 1947, The Payment of Wages Act, 1936.

FUNDAMENTALS OF STOCK MARKET

Security markets: primary and secondary market; primary market: role and functions; methods of selling securities in the primary market; new financial instruments; SEBI guidelines for public issues; stock exchanges; listing of securities in stock exchanges; trading mechanism; screen-based trading; internet-based trading, National stock exchange, and Bombay stock exchange: role, organization and management; listing procedure; SEBI (Depositories and Participants) Regulations 1996.

CORPORATE GOVERNANCE 

Corporate governance: concept, structure, and principles of corporate governance; models of corporate governance; process and regulation; parties to corporate governance; mechanism and controls; requirements of effective corporate governance; insider trading; rating agencies; whistleblowing; shareholder’s protection, corporate governance in India: initiatives and present position; issues & problems in corporate, governance; corporate disclosure practices; globalization and corporate governance in India; corporate, governance reforms, Organizational structure: Board of directors: composition and their role, powers, and responsibilities; board meetings; board committees and their functions; SEBI norms; independent director, Corporate governance and CSR; corporate governance and ethics, ICAI guidelines for corporate governance.