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Article 10

Junior Accountant Grade 2 PSC Syllabus – Kerala PSC

Overview

The Kerala PSC Junior Accountant Grade 2 exam is a prestigious commerce-based recruitment test. To succeed, aspirants must thoroughly understand the Junior Accountant Grade 2 PSC syllabus, which covers Accounting, Costing, Financial Management, Company Law, Auditing, Taxation, Economics, and Management.

This article provides the syllabus breakdown and a set of important questions and answers to guide preparation.

Junior Accountant Grade 2 PSC Syllabus Breakdown

Module 1 – Accounting (10 Marks)

  • Basics of Financial Accounting

  • Final Accounts of Sole Trader, Partnership, and Companies

  • Computerised Accounting

Module 2 – Financial Management (10 Marks)

  • Cost of capital & capital structure

  • Dividend policies

  • Working capital management

Module 3 – Cost Accounting (10 Marks)

  • Material, labour, overheads

  • Marginal & Standard costing

  • Break-even analysis

Module 4 – Management (10 Marks)

  • Principles & functions of management

  • Motivation & leadership

  • TQM

Module 5 – Managerial Economics (10 Marks)

  • Demand analysis

  • Pricing policies

  • Business cycles

Module 6 – Company Law (10 Marks)

  • Company management & administration

  • Directors’ roles

  • Winding up

Module 7 – Capital Market (10 Marks)

  • Indian financial system

  • IPO, FPO, SEBI regulations

  • Dematerialization

Module 8 – Income Tax (10 Marks)

  • Basics of taxation

  • Salary, house property, business income

  • Exemptions & deductions

Module 9 – Marketing Management (10 Marks)

  • Consumer behaviour

  • Product life cycle

  • CRM & PR

Module 10 – Auditing (10 Marks)

  • Audit process

  • Vouching & verification

  • Internal control

Expected Questions & Answers

  • Q: What is the full mark distribution for Junior Accountant Grade 2 PSC Exam?

    • A: The exam carries 100 marks, divided into 10 modules (each with 10 marks).

  • Q: Which topics are most important in Accounting for Junior Accountant Grade 2?

    • A: Final accounts of sole proprietors, partnerships, and companies, along with computerized accounting, are key focus areas.

  • Q: What is marginal costing?

    • A: Marginal costing is a costing technique where only variable costs are considered for decision-making, while fixed costs are treated as period costs.

  • Q: What is the role of SEBI in the capital market?

    • A: SEBI regulates stock exchanges, protects investors, and ensures fair trading practices in the Indian capital market.

  • Q: Which sections of the Income Tax syllabus are tested in the exam?

    • A: Basic concepts, salary, house property, business/profession, capital gains, exemptions, and deductions are covered.

  • Q: What is vouching in auditing?

    • A: : Vouching means verifying entries in the books of accounts with supporting documents like invoices, bills, and receipts to ensure accuracy.

  • Q: Is Company Law part of Junior Accountant Grade 2 syllabus?

    • A: :Yes. Company Law, especially management, directors’ roles, and winding up, carries 10 marks.