ACCOUNTING AND OFFICE MANAGEMENT (Y7, Y8, Y9)
SCHEME OF EXAMINATION
Definition of:-
Preparing
a memo to employees who is remained absent in office since last 15 days without consent
Topic No. 5: Partnership Accounts 25
Topic No. 2: Accounting of
Consignment Transactions 40
Topic No. 3: Single Entry
of Accounting 30
Topic No. 4: Accounts of
Non-Trading Concerns 40
Topic No. 7: Verification and Valuation of Assets and Liabilities 10
Topic No. 8: Audit
Report 10
SCHEME OF EXAMINATION
|
Paper
|
Title of the Paper
|
Theory
|
Practical
|
Term work
|
Project work
|
Visits
|
OJT
|
Total Marks
|
Average
|
||
|
Marks
|
Time (Hrs)
|
Marks
|
Time (Hrs)
|
Marks
|
|||||||
|
1
|
OFFICE
MOTIVATION
|
80
|
3
|
80
|
3
|
10
|
10
|
10
|
10
|
200
|
100
|
|
2
|
ADVANCED
FINANCIAL ACCOUNTING
|
80
|
3
|
80
|
3
|
10
|
10
|
10
|
10
|
200
|
100
|
|
3
|
ADVANCED
COSTING AND AUDITING
|
80
|
3
|
80
|
3
|
10
|
10
|
10
|
10
|
200
|
100
|
Paper I: Office Motivation
(Y7) Theory
Topic No. 1: Secretarial
Work in Relation to Meetings 15
Meaning
& Definition of Meeting
Importance
of Meetings
Types
of Meeting –
Statutory Meeting
Directors Meeting
Annual
General Meeting
Extra
Ordinary General Meeting
Essentials
of valid meeting-proper calling organizing & conducting meeting
Notice,
Agenda, Quorum, Motion, Adjournment, Voting, Resolution, Proceeding & Minutes
Topic No. 2: Office Motivation 14
Meaning
and Definition of Motivation
Need
for Motivation
Methods
of Motivation
Principles
of Motivation
Problems
in Motivating employees
Meaning
& definition of Leadership
Features
and Types of Leadership
Qualities
of Ideal Leader
Promotion
– Meaning, Basis, Types and Policies of promotion
Transfer
– Meaning, Basis & Policies
Demotion
– Meaning, Basis, Causes & Policies
Suspension
–Meaning & Features
Retirement
– Meaning & Types
Absenteeism
– Meaning & Definition, Causes, Remedies
Employees
economic security – Meaning and Need
Concept
of pension, gratuity and other retirement benefits
Recreational
activities of employees, Meaning, Need &
Types
Topic No. 3: Office Salary Administration 12
Meaning
and Definition of office salary Administration
Objectives
of Salary Administration
Importance
of Salary Administration
Procedure
of Salary Administration
Advantages
of Salary Administration
Job
Evaluation – Meaning, Definition and Importance, Procedure, Methods and
Advantages.
Merit
Rating- Meaning, Definition, Importance and Methods
Wage
Payment- Meaning and Methods
Fringe
Benefits- Meaning and Definition, Importance & Types
Topic No. 4: Office Employees Discipline 12
Meaning
of Employees Discipline
Objective
of Employees Discipline
Types,
Need, Principles of Employees Discipline
Code
of conduct
Features
of discipline, Procedure of disciplinary action
Termination
of Services
Service
Book – Meaning and Content
Confidential
Report – Meaning, Importance, Features
Leave
– Meaning and Definition: - Types - casual, earned, commuted, extra ordinary,
Maternity and paternity, medical, special, duty leave
Holidays
–
Declared
by Government
Declared
by Collector
Declared
by Institutional Head
Topic No. 5: Office Financial Services & Banking
Operations 20
Salary
Bill – definition, Feature and Content
Budget
– Meaning, Types, Advantages, Preparing budget for office factors to be
considered while preparing budget, budget period and revision of budget.
Bank
– Meaning, Definition & functions
Procedure
of opening and operating bank account, types of bank account
Cheque
– Meaning, definition, crossing and Endorsement
Bank
Draft- Meaning and Definition, procedure of issue of bank draft, procedure of
withdrawals and deposit in bank, withdrawal of cash by withdrawal slip, cheque
& ATM, deposits by cash, by pay-in-slip & cheques.
Topic No. 6: Office Forms 15
Meaning,
Objective of office forms
Importance
and Types of office forms
Designing
of office forms
Meaning
and principles of Designing
Controlling
office form – Meaning, Objectives, Procedures and Advantages
Topic No. 7: Demat Account 12
Meaning
and Introduction of SEBI (Securities and Exchange Board of India)
Introduction
of Demat Account
Meaning
of Demat Account (BSE/NSE) (Bombay Stock Exchange & National Stock
Exchange)
Merit
of Demat A/C, Company, Investor and Broker
Demerit
of Demat A/C, Fees Structure A/C, Opening fees, Annual maintenance fees, Custodian fees
Procedure
of Dematerialization of security, opening account, submission of request
Forwarding
DRF (Demat Requisition Form)
Forwarding
DRF copy to Depository
Confirmation
by depository, updating records by company
Confirmation
of Demat to the depository, updating records by depositors
Confirmation
by depository, updating records by participants
Confirmation
of Dematerialization
Topic No. 8: Income Tax 20
Meaning
of Assessee, Assessment, and previous year & assessed year.
Prediction
& Exempted income, Definition & Meaning of Taxation, Features, Types,
Scope & objectives of income tax
Exempted
income & Deduction under Income Tax Act 1961 Different Heads of Income
(only theory)
Income
from Salary
Income
from House Property
Income
from business & Profession
Capital gain
Other sources
Salary
U/S 15 to 17
Income
exempted U/S 17
Deduction
from salary U/S, 16
Prerequisite
U/S 17/ (2)
Profits
in lieu salary 17/ (3)
Steps
in computation of income from salary
Computation
of gross salary
Computation
of deduction U/S 16
Deduct
(B) from (A)
Structure
of form 16A
Practical
Topic No. 1: Secretarial Work 30
Drafting
Notices and agendas of meeting
Drafting
various types of resolutions passed in meeting
Writing
proceeding and minutes of the meeting, procedure of meeting and conferences
Preparation
of PROXY forms
To
organize mock-up of program on the entire
Topic No. 2: Office Motivation 28
Minimum 05 Practicals on:-
Preparing
a motivational plan for office employees containing positive and negative
motivation factors
Drafting
a promotion letter
Drafting
a transfer letter
Drafting
a demotion letter with causes
Drafting
a suspension letter mentioning causes of suspension
Drafting
a letter appreciating valuable services in organization at the time of
retirement
Conducting
01 visit to business organization to study the cause effects and remedies of absenteeism
Topic No. 3: Office Salary Administration 24
Minimum 05 Practicals on:-
Preparation
of specimen of attendance register, salary sheet, salary slip, TA & DA bill
Visits
to an office for studying the procedure for preparation of salary sheet and TA
& DA bill
Prepare
merit rating chart
Prepare
group Insurance plan and demonstrate
Topic No. 4: Office Employees Discipline 24
Minimum 05 Practicals on:-
Preparing
a report of bad conduct at employee before taking disciplinary action
Preparing
a specimen showing contents at service books
Preparing
a confidential report of concern employee
Preparing
application for following leaves
Casual leave
Medical leave
Duty leave
Preparing
a medical certificate writing down a report on conference on motivation aspect
for submitting higher authorities. If an employee have received order from his
higher authorities to attend a conference on motivation aspect of employees.
Topic No. 5: Office Financial Services & Banking
Operation 40
Minimum 03 Practicals on:-
Preparing
a salary sheet of office employees
Preparing
a salary slip of any employee
Preparing
a salary certificate of any employee
Preparing
form no 16 A of any employee with imaginary
data
Preparing
a profoma of pay in slip withdrawal slip, cheque, bank draft
Preparing
a loan proposal of any employee for purchasing a motorcycle or car etc
Preparing
budget for next year for office stationary
Preparing
a budget for next year for office employees salary
Preparing
and filling of forms used in banking operations i.e. account operating form,
nomination form, specimen signature card, pay-in-slip, withdrawal slip, cheque,
pass book, promissory note, bank draft, mail transfer form etc.
Visit
to a bank to acquaint the students with the procedure of opening and operating
bank account
To
acquaint the students with the procedure of opening and operating bank account
Familiar
the students with the procedure and type of crossing and endorsement of cheque
Arrange
at least one visit to bank to study the banking operations
Topic No. 6: Office Forms 30
Minimum 05 Practicals on:-
Preparation
of forms used in the office-bills invoice, cash memo, credit memo, receipt
voucher, Debit note, credit note etc.
Acquaint
students with the procedure of designing and controlling office forms
Visit
to the concerned office to study designing, using & controlling office forms
Topic No. 7: Demat Account 24
Minimum 05 Practicals on opening DEMAT Account:-
To
collect necessary documents for Demat A/C
Filling
of Demat A/C opening forms
Submission
of Demat requests & scrip certificate by
investor
Forwarding
DRF & SCRIP certificate to register
Forwarding
a copy at DRF to depository
To
get confirmation of receipts of DRF by depository
To
get confirmation at dematerialization to depository
Updating
records of depository participants
Topic No. 8: Income Tax 40
1) Practical Training in filling Income Tax returns forms
(minimum 10 practicals). Filling the forms for tax deducted at source &
procedure to avail the same (minimum 10 practicals) Computation of taxable
income & income. Tax-salary & individual income, simple problems
(minimum 10 practicals) preparing form No- 16 A (minimum 10 practicals).
Paper II: Advanced Financial Accounting (Y8) Theory
Topic No. 1: Depreciation Accounting 20
1) Meaning and causes of depreciation. Depreciation
accounting under straight line & written down value method.
Topic No. 2: Accounting of
Consignment Transactions 25
Meaning
and Necessity of Consignment, parties to consignment-consignor, consignee,
difference between consignment and sale.
Losses
in Consignment:- Normal and Abnormal
Commission:-
Ordinary, Del-Creder, over-riding
Valuation
of stock on consignment, journal entries of consignment, dealing in the books
of Consignor and Consignee and preparation of Consignment account, Goods sent
of Consignment A/C, Consignees A/C, and Abnormal Loss A/C for Consignor and
Consignors A/C in the books of Consignee.
Topic No. 3: Single Entry System of Accounting 15
1) Meaning and Features of single entry system, Accounts
maintained in the single entry system, Distinction between single entry and
double entry system, methods of calculation of profit; statement of affairs
method only.
Topic No. 4: Accounts of
Non-Trading Concerns 20
Meaning,
Features and objects of non-trading concerns, distinction between trading and
non trading concerns, Trust deeds/by laws of non-trading concerns, books of
accounts to be maintained.
Preparation
of final accounts: - Receipts & payment Account, Income & Expenditure
Account and Balance sheet.
Meaning,
Definition, Characteristics, Maximum and Minimum no. of partners. Types of
partners, partnership deed and important clauses of the deed, implied provision
of partnership Act, methods of maintaining partner’s capital accounts:- Fixed
and fluctuating capital Methods. Necessary adjustments in P & L
appropriation a/c & distribution of profit.
Admission
of a partner- Accounting Treatment-Revaluation of assets and liabilities,
treatment of goodwill and capital brought in, preparation of revaluation
account, partners capital account, cash/bank account and balance sheet.
Partnership
Final Accounts - Trading and profit & loss account, P & L appropriation
A/C and balance sheet of the partnership firm.
Topic No. 6: Study of Financial Statement Ratio Analysis 10
1) Meaning, Advantages, Necessity, Utility of Ratio
Analysis, Vertical forms of profit &
loss account & balance sheet. Meaning, Advantages, Necessity, Utility of
Revenue statement ratios. Balance sheet ratios & combined ratios.
Topic No. 7: Classification of Expenditure & Receipts 05
1) Classification of expenditure & receipts under
capital, revenue deferred revenue expenditure, receipts, profits &
losses-Meaning of Capital expenditure, receipts, profits, revenue expenditure,
receipts, profit deferred revenue expenditure etc.
Practical
Topic No. 1: Depreciation Accounting 30
1) Depreciation Accounting: - Under straight line &
written down value method. (Minimum 10 practical problem on each method)
1) Documentation of consignment Dealings: - Preparation of
proforma invoice, account sale, payment vouchers for expenses of consigner and
consignee, journal vouchers for commission, receipts for advance and final
remittance from consignee.
(Minimum 05 practical problems out of which 2 should be
based on actual record of various dealers/agencies)
1) Minimum 10 practical problems on statement of affairs
method. (Minimum 10 problems should be given for practices.)
Minimum
10 practical problems on preparation of income & expenditure and balance
sheet from the given receipts & payment
account.
Minimum
5 practicals on preparing members register, subscription register, dead stock
register, notice of governing body & annual general meeting, receipts and
payment account of non-trading concerns from the given transactions
(Minimum 1 practical based on actual record)
Topic No. 5: Partnership Account 40
1) Form ‘A’ registration of partnership firm, Form ‘E’
change in constitution of partnership firm and preparation of partnership deed
from the information given, Retirement and Death of a partner-Accounting
Treatment-Dissolution of partnership firm-Meaning and procedure of dissolution,
journal entries for dissolution
(Minimum 5 practicals each on retirement, death and
dissolution of the firm)
Topic No. 6: Study of Financial Statement [Ratio
Analysis] 25
Minimum
5 practicals on Profit and Loss and Balance Sheet (simple problems). Minimum 5
practicals on Calculation of Revenue statement ratio, Balance Sheet ratios and
Combined Ratios their meaning and interpretation.
Minimum
5 practicals based on actual annual reports of companies, problems on Revenue
statement ratios, Balance sheet ratios and combined ratios with vertical form
of Income Statement & Balance Sheet.
Topic No. 7: Tally based Accounting 20
1) Data Entries and preparation of cash book, purchases
register, sales register, Returned registers, Journal proper, various Ledger
Accounts, Trial Balance, Receipts and payment accounts, Income &
Expenditure accounts, Manufacturing, Trading, Profit & Loss accounts and
Balance Sheet.
(Minimum 10 practicals of Data Entries of minimum 20
transactions each)
Topic No. 8: Classification of Expenditure & Receipts 15
1) Preparation of separate lists for every class of
expenditure. (5 practicals of at least 50 items each)
Paper III: Advanced Costing and Auditing (Y9) #
Theory
Topic No. 1: Contract Costing 15
1) Introduction to contract costing, meaning of contract
costing, Items charged to contract account, concept of profit on incomplete
contract, work, certified and uncertified contract WIP (Work in Progress), and
Escalation clause. Specimen of contract costing preparation of contract
account.
Topic No. 2: Budget and Budgetary Control 15
1) Meaning of budget, need of budget, objectives of budget,
Advantages and limitations of budget meaning of budgetary control, objectives
of budgetary control, essentials of effective budgeting, types of budgets -
sales budget, cash budget, problems
Topic No. 3: Reconciliation of Cost and Financial Accounts 15
1) Meaning, Need of Reconciliation statements. Reasons for
disagreement in Profit, Methods of Preparing Reconciliation Statement.
Topic No. 4: Marginal Costing 20
1) Meaning and definition of marginal cost and marginal
costing. Uses/Advantages of marginal
costing, Limitations of marginal costing, Contribution concepts, profit volume
ratio, meaning of Break-Even point, meaning of margin of safety, calculation of
p/v ratio, BEP and M/S. Break even chart, meaning of angle of incidence, problems.
Topic No. 5: Standard Costing 20
1) Meaning and definition of standard cost and standard
costing, Advantages of standard costing, Limitations of standard costing,
concept of variances. Meaning of material cost variance. Material price
variance, material usage variance, material mix variance, material yield
variance. Calculation of variances by using suitable formula. Meaning and
calculation of labour cost variance, labour rate variance, labour efficiency
variance, labour mix variance, problems
Topic No. 6: Vouching 15
Meaning
and definition of vouchers and vouching, objectives of vouching, Essential
steps of vouching, study of cash memo, credit memo, receipt, debit note, credit
note, bill, invoice, cash expense voucher and pay bill.
Vouching
of cash purchase, sales, capital, revenue expenditures and incomes.
1) Meaning and objectives of Verification and valuation of
assets and liabilities, Distinction between verification and vouching.
Distinction between verification and valuation. Valuation of different Assets
and liabilities.
1) Meaning of audit report, types of audit report, points to
be considered while preparing audit report, audit report of co-operative
society, joint stock company, sole Trader, Partnership.
Practical
Topic No. 1: Contract
Costing 30
1) Practical problems on preparation of contract account,
calculation of profit on incomplete contract and work in progress (WIP)
(Minimum 15 problems)
Topic No. 2: Budgetary Control 30
1) Practical problems on sales budget, cash budget. (Minimum
10 problems)
Topic No. 3: Reconciliation of Cost and Financial
Account 30
1) Practical problems on Reconciliation statement. (Minimum
20 problems)
Topic No. 4: Marginal Costing 40
1) Practical problems on calculation of contribution p/v
ratio (Profit Volume Ratio),
BEP, Margin of Safety. preparation of Break Even chart
(Minimum 20 problems)
Topic No. 5: Standard Costing 40
Practical
problems - Calculation of material cost variance, material price variance,
material usage variance, material mix variance and material yield variance.
Calculation
of labour variances - Labour cost variance, labour rate variances, labour
efficiency variances, labour mix variance, labour sub efficiency variance.
(Minimum 20 problems)
Topic No. 6: Vouching 30
Vouching of following items :- Cash sales, Receipt from debtors,
Receipt from bills receivables, income from investment, sale of fixed assets,
sale of investments, loan taken, bad debt recover, wages, payment to creditors,
salaries, travelling and salesman commission, insurance premium, loans granted,
Advertisement expenses, Rent paid, Repairs to building, Repairs to machinery,
withdrawal from Bank, Petty cash payment, credit purchase, sales, sales on
higher purchase, sales return, purchase return.
Topic No. 7: Verification and Valuation of Assets and Liabilities 20
Verification and valuation of plant & machinery,
building, furniture and fixtures, Leasehold property, Goodwill, Tools and
equipments, stock, debtors, bills receivables, investments, share capital,
loans and advances, creditors.
Topic No. 8: Audit
report 20
Preparation of clean and qualified audit report of sole
traders, partnership, co-op societies, joint stock companies.
(4 reports of each type)
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