COMMERCE and ACCOUNTANCY STRATEGY: Shivani Goyal, Rank – 15 UPSC CSE-2017, Optional Marks 320

  COMMERCE and ACCOUNTANCY STRATEGY Shivani Goyal, Rank – 15 UPSC CSE-2017 Optional Marks 320   Hi! I am Shivani Goyal and I have got Rank 15 in Civil Services exams in 2017. My optional subject was commerce and accountancy and I would like to share my strategy for it through this article. My marks …

Commerce-2014: Answer Writing Challenge – 21

ARCHIVES 07 November 2014 1) Explain the effect of absorption costing and marginal costing on net profit of a business firm. 2) Illustrate Operating Leverage and Financial Leverage. What insights you get from these two leverages? What are their limitations? 3) “Higher capital requirements might induce banks to seek higher returns in areas that are high risk or …

Commerce-2014: Answer Writing Challenge – 20

ARCHIVES 05 November 2014 1) Define and distinguish between gross working capital and net working capital. Can a firm survive with zero net working capital ? 2) Discuss in brief the techniques of assets-liability management in a commercial bank 3) Discuss Sharpe’s ratio and Treynor’s ratio for evaluation of risk-return performance of Mutual Fund’s portfolio. 4) Why do companies …

Commerce and Accountancy – 2014: Answer Writing Challenge – 19

ARCHIVES 04 November 2014 1) What is contingent capital? Discuss the various instruments used to generate it. 2) Explain the financial parameters to be used to evaluate post-merger performance. 3) “To arrive at a comprehensive opinion, the auditor reviews evidence that may be classified into three major groups.” What are these groups and how do you relate the …

Commerce and Accountancy – 2014: Answer Writing Challenge – 18

ARCHIVES 03 November 2014 1) What IS revaluation reserve and how it is created? Discuss also the merits and demerits of such action. 2) Discuss contingent liabilities with examples. Where would these items feature in the financial statements of a firm ? What happens when bills are discounted by a firm ? Show the journal entries for such transactions. …

Commerce and Accountancy-2014: Answer Writing Challenge – 17

ARCHIVES 31 October 2014 1) An analysis of the performance of IPOs post-listing in the last three years shows that two-thirds of the public issues were trading below their listing price even after adjusting for the general decline in the market. This has resulted in investors losing money on their IPO investments.” Discuss the reasons behind such a state of …

Commerce-2014: Answer Writing Challenge – 16

ARCHIVES 30 October 2014 1) “Rapid financial innovations have led to the emergence of several new near substitutes for money.” Discuss at least two such instruments and analyse their impact on the monetary policy of RBI. (250 Words) 2) “Asset-based reserve requirement of financial institutions as against deposit-based reserve requirement of banks can go a long way in preventing slippage …

Commerce- 2014: Answer Writing Challenge – 15

ARCHIVES 29 October 2014 1) How should an auditor evaluate cost of gathering evidences for purpose of audit? (250 Words) 2) Write short notes: (200 Words) a) Risks associated with variation between loan maturities and liability maturities of commercial banks and minimisation of these risks without affecting profitability. b) Distinction between Baumol’s Cash-EOQ Model, Miller & Orr Model and Stone …

Commerce and Accountancy -2014: Answer Writing Challenge – 14

ARCHIVES 28 October 2014 1) Explain whether services provided by a Veterinary clinic and Yoga establishment are exempt from service tax. (250 Words) 2) Mention the cases where valuation of house property for purpose of income tax shall be NIL. Also mention the exceptions to such rules. (250 Words) 3) “An auditor expresses an opinion on a company’s financial …

Commerce and Accountancy-2014: Answer Writing Challenge – 13

ARCHIVES 27 October 2014 I) Write short notes in about 200 words: Conditions for availing of CENVAT credit under various categories of goods and services. Intangible assets and their treatment in the books of accounts of a firm. Assumptions and limitations of Cost-Volume-Profit analysis. Provisions of Indian Accounting Standards regarding treatment of depreciation when an …

Commerce and Accountancy-2014: Answer Writing Challenge – 12

ARCHIVES 02 October 2014 Topics covered 1. Training and development 2. Performance apprisal and 360 degree feedback Questions 1. Write short notes on (10marks each) A. Vestibule training B. Management by walking around C. Use of competency mapping in performance appraisal D. 360 degree feedback E. Positionship vs leadership F. Career anchors G. Investiture orientation …

Commerce and Accountancy – 2014: Answer Writing Challenge – 11

ARCHIVES 30 September 2014 Topics covered 1. Meaning, nature and scope of HRM 2. Recruitment process, selection process, orientation and placement Questions- 1. In current era of modern organizations what strategic changes do you feel should me made in arena of HRM? Highlight  some important aspects relating to rising service sector in India. ( 20 …

Commerce and Accountancy-2014: Answer Writing Challenge10

ARCHIVES 26 September 2014 Q1) “Asset based reserve requirements of financial institutions as against deposit based reserve requirements of banks can go a long way in preventing slippage in monetary policy transmission.” Critically examine the statement and discuss the mechanism and modalities of the two systems. (225 Words, 2013 Mains) Q2) Classify various securities investment …

Commerce and Accountancy-2014: Answer Writing Challenge – 9

ARCHIVES 25 September 2014 Paper 1 : Financial markets & institutions 1)  Discuss the Risks associated with variation between loan maturities and liability maturities of commercial banks and minimization of these risks without affecting profitability (150 words, 2013 Mains) 2) Discuss in brief the techniques of asset liability management in a commercial bank.  (150 words, …

Commerce and Accountancy-2014: Answer Writing Challenge – 8

ARCHIVES 24 September 2014 Paper 1 : Subject – Taxation Q.1 : Discuss how the monetary value of non-monetary consideration is determined for purpose of Service Tax.   (150 Words, 2012 Mains) Q.2) Discuss the conditions for availing of CENVAT credit under various categories of goods and services.  (150 Words, 2013 Mains)

Commerce and Accountancy-2014: Answer Writing Challenge – 6

ARCHIVES 20 September 2014 Answer in 250 words: 1) Discuss contingent liabilities with examples. Where would these items feature in the financial statements of a firm ? What happens when bills are discounted by a firm ? Show journal entries for such transactions. (2012 Mains) 2) Discuss how the following streams of revenues are recognized …

Commerce and Accounting-2014: Answer Writing Challenge – 5

ARCHIVES 19 September 2014 Paper 1 : Financial Accounting Topic : Accounting Standards Write a short note on the following in about 150 words each : 1. Intangible assets and their treatment in the books of accounts of a firm (2013 Mains) 2. Provisions of Indian Accounting standards regarding treatment in the books of accounts …

Commerce and Accountancy-2014: Answer Writing Challenge – 4

ARCHIVES 18 September 2014 Paper 2 : Organization theory : Topic : Organizational Goals Q.1) “Organizations are coalitions of Individuals and groups.” Comment. Does the coalition concept adequately explain goal determination in organizations ? Give reasons.  (250 words) Q.2) “The properties of formal organizations are such that the incoungruency between individual objectives and organizational objectives …