(Syllabus) SSC : Assistant Audit Officer (AAO) Exam Syllabus
General Studies (Finance and Economics)
Part A: Finance and Accounts-(80 marks)
Financial Accounting:
1.Nature and scope
2.Limitations of Financial Accounting
3.Basic concepts and Conventions
4.Generally Accepted Accounting Principles
Basic concepts of accounting:
1. Single and double entry
2. Books of original Entry
3. Bank Reconciliation
4. Journal
5. Ledgers
6. Trial Balance
7. Rectification of Errors
8. Manufacturing, Trading, Profit & loss Appropriation Accounts
9. Balance Sheet
10. Distinction between Capital and Revenue Expenditure
11. Depreciation Accounting
12. Valuation of Inventories
13. Non-profit organisations Accounts
14. Receipts and Payments and Income & Expenditure Accounts
15. Bills of Exchange
16. Self Balancing Ledgers
Part B: Economics and Governance-(120 marks)
Comptroller & Auditor General of India:
1. Constitutional provisions
2. Role and responsibility
Finance Commission:
Role and functions
Basic Concept of Economics and introduction to Micro Economics
1. Definition
2. scope and nature of Economics
3. Methods of economic study
4. Central problems of an economy
5. Production possibilities curve
Theory of Demand and Supply
1. Meaning and determinants of demand,
2. Law of demand and Elasticity of demand,
3. Price, income and cross elasticity;
4. Theory of consumer’s behaviour-Marshallian approach and Indifference curve approach,
5. Meaning and determinants of supply,
6. Law of supply and Elasticity of Supply.
Theory of Production and cost
1. Meaning and Factors of production;
2. Laws of production- Law of variable proportions and Laws of returns to scale.
Forms of Market and price determination in different markets
1. Various forms of markets-Perfect Competition, Monopoly
2. Monopolistic Competition and Oligopoly ad Price determination in these markets
Indian Economy:
1. Nature of the Indian Economy
2. Role of different sectors-Role of Agriculture, Industry and Services-their problems and growth
3. National Income of India-Concepts of national income, Different methods of measuring national income
4. Population-Its size, rate of growth and its implication on economic growth
5. Poverty and unemployment- Absolute and relative poverty, types, causes and incidence of unemployment
6. Infrastructure-Energy, Transportation, Communication
Economic Reforms in India:
1. Economic reforms since 1991
2. Liberalisation
3. Privatisation
4. Globalisation
5. Disinvestment
Money and Banking:
Monetary/Fiscal policy- Role and functions of Reserve Bank of India; Functions of commercial Banks/RRB/Payment Banks Budget and Fiscal deficits and Balance of payments Fiscal Responsibility and Budget Management Act, 2003
Role of Information Technology in Governance.
Now Toppers Suggestions for books
FOR ACCOUNTANCY : T. S. Grewal (class 11th book).. Focus most on the chapter ‘journal entries’. Once u learn the 3 golden rules of making a journal entry, everything will fall in place on its own. The following chapters are inter – connected. Practise all illustrations and questions of the ‘journal entries ‘chapter. After that, in the following chapters, just understand the chapter and practise 10 questions from each chapter. That is sufficient for u to gain a good score. Before the chapter of journal entries, there are a few theoretical chapters. Understand the concepts & principles of accounting there, and that is all.. 👍
Coming to ECONOMICS now, the books are :
Micro and Macro economics by T. R Jain & V. K Ohri (they r co-authors).. Written in a very simple and lucid language.. Understand the concepts.. And it will do..