UNION PUBLIC SERVICE COMMISSION
ADDENDUM – NOTICE TO CANDIDATES
Reference:
(i) 16 vacancies for the post of Assistant Director (Cost), Office of Chief Adviser
Cost, Department of Expenditure, Ministry of Finance [Advt. No. 01/2022 dated
08.01.2022, Vacancy No. 22010102408]. (SC-02, ST-02, OBC-03, EWS-01, UR-08)
(PwBD-01).
(ii) 22 vacancies for the post of Assistant Director (Cost), Office of Chief Adviser
Cost, Department of Expenditure, Ministry of Finance [Advt. No. 09/2022 dated
14.05.2022, Vacancy No. 22050904414]. (SC-03, ST-02, OBC-06, EWS-03, UR-08)
(PwBD-01).
The Commission has decided to conduct an Offline Pen and Paper Based
COMBINED RECRUITMENT TEST for short-listing the candidates for the above
mentioned posts on 28th August, 2022 (SUNDAY) (FORENOON SESSION) from 9.30
A.M to 11.30 A.M. Only those candidates shortlisted in the RT and who fulfill all the
eligibility conditions of the post shall be called for interview.
Centre of Test Centre I. Scheme of the Test:
Code
(a) The test will be of two hours duration.
(b) All questions will carry equal marks.
(c) The test will be objective type questions with
multiple choices of answer.
(d) The medium of the test will be English only.
(e) There will be penalty for wrong answers. Every
wrong answer will carry a deduction of one-third of the
marks assigned to that question. If no answer is marked
for a question, there will be no penalty for that question.
(f) The Test will carry a maximum of 300 marks.
II. Syllabus of the Test:
1) Cost Concepts and Classifications: Cost Objects,
Cost Centres and Cost Unit; Collection, classification,
allocation and apportionment of cost - Material Cost,
Employee Cost, Direct Expenses, Overheads etc.
2) Generally Accepted Cost Accounting Principles
(GACAP), Cost Accounting Standards, Cost Audit,
Companies (Cost Record & Audit) Rules, 2014 as
amended from time to time; Cost Auditing and
Assurance Standards.
3) Methods of Costing: Single Output Costing, Job
Costing, Batch Costing, Contract Costing, Process
Costing, Service Costing.
4) Marginal v. Absorption Costing, Cost-Volume-Profit
analysis, Decision making involving alternative choices.
5) Pricing decisions and Strategies-New Product
Pricing, Monopoly Pricing v. Competitive Pricing, Pricing
of Service Sector
6) Cost Control and Cost Reduction; Cost Control
Techniques- Standard Costing &Variance Analysis;
Budget and Budgetary Control.
7) Transfer Pricing- Methods (Cost Based, Market Price
Based, Negotiated Pricing), Criteria for setting Transfer
Prices, Transfer Price in different situations.
8) Emerging concepts in Cost and Management
Accounting: Life Cycle costing, Activity Based costing,
Learning Curve and its application, Socio-economic
costing, Target costing, Total Quality Management,
Environmental Management Accounting, Six Sigma etc.
Ahmedabad 01 9) Generally Accepted Accounting Principles (GAAPs),
Bhopal 04 Accounting Standards and Ind AS.
Chennai 12
10) Financial Statements and Analysis: Preparation of
Delhi 08
Corporate Financial Statements, Ratio Analysis, Cash
Dispur Guwahati) 09
Flow Analysis.
Jaipur 11
Jammu 34
11) Appraisal of Projects: Capital Budgeting, Cost of
Kochi 24
Capital, Leverage Analysis; Methods of Project
Kolkata 06 Appraisal-Payback Period, Net Present Value (NPV),
Lucknow 26 Financial Internal Rate of Return (FIRR), Economic
Mumbai 05 Internal Rate of Return (EIRR), Benefit Cost Ratio.
Nagpur 13
Port Blair 37 12) Project Management: Project Planning, Project Life
Ranchi 41 Cycle, Gantt Charts, PERT and CPM.
Vishakhapatnam 51
13) Government Accounting: General Principles and
Comparison with Commercial Accounting; Government
Accounting Standards issued by Government
Accounting Standards Advisory Board, Role of
Comptroller and Auditor General of India and Public
Accounts Committee.
14) Goods and Services Tax Act &Rules :Chargeability
of GST, Scope of Supply (Section 7 of CGST Act, 2017
read with Schedule I, II and III), Classification of
Goods and Services under GST, Time, Value and Place
of Supply of Goods and Services, Input Tax Credit
(Eligibility, Blocked Credits, Method of Reversal of
Credits, Recovery of Input Tax Credit), Exports,
Imports and Refunds under GST, Anti-profiteering,
Audit under GST.
15) Customs Law : Classification under Customs, Types
of Duties (Basic customs duty, IGST replacement of
CVD and Special CVD, Protective duties, Safeguard
duty, Countervailing duty on subsidized articles, Anti-
dumping duty), Valuation under Customs of Imported
Goods and Export Goods, Deemed export, Duty
drawback.
16) Companies Act, 2013 with special emphasis on
provisions relating to Declaration and Payment of
Dividend (Chapter VIII and Schedule II) Accounts of
Companies (Chapter IX, Schedule III and Schedule
VII), Audit and Auditors (Chapter X), Government
Companies (Chapter XXIII).
17) Corporate Governance: Overview, Issues and
Concepts, Corporate Governance Practices/Codes in
India, Corporate Governance in state-owned business-
MOU system.
NOTE-I: INTIMATION ABOUT VENUE OF THE RECRUITMENT TEST WILL BE
COMMUNICATED TO THE CANDIDATES IN DUE COURSE.
NOTE-II: RTs AND THE INTERVIEW SHALL CARRY A 75:25 WEIGHTAGE FOR THOSE
CANDIDATES SHORTLISTED OUT OF THE RECRUITMENT TEST AND THOSE WHO
QUALIFY IN THE INTERVIEW.
Standard of suitability for the interview for candidates belonging to various
categories is fixed as under:
General/EWS Category : 50 and above
OBC : 45 and above (on relaxed standards)
SC/ST : 40 and above (on relaxed standards)
PWD (Gen/EWS//OBC/SC/ST) : 40 and above (on relaxed standards)
NOTE-III: NO REQUEST FOR CHANGE OF TEST CENTRE WILL BE ENTERTAINED.
