Assistant Audit Officer (AAO) Exam Syllabus 2017

Assistant Audit Officer (AAO) Exam Syllabus

Assistant Audit Officer (AAO) Exam Syllabus

If you have applied for the post of Assistant Audit Officer (AAO)  in C&AG then only you have to appear for Paper-4. The paper would comprise two parts: Finance & Accounts and Economics & Governance. Following are the topics that you have to study for this exam

Paper 4 is only for those candidates who apply for the post of Assistant Audit Officer.

Assistant Audit Officer is the only Gazetted officer post in SSC CGL 2016. It is a Group-B Gazetted Officer Post.

Post Code: F

Post Name: Assistant Audit Officer

Pay grade: 4800

Group:B

AAO Job Profile:

The basic duty of an AAO is to audit the accounts of Central government, State Governments, Public Sector organisations and other Corporations. Audit means an official inspection of an organization’s accounts. An AAO needs to assist the audit officer and Senior Audit officer in conducting various departmental audits. The audit involves various financial and economic aspects and the performance and adherence of various organisations and departments.

It comprise of two parts:

1.Finance and Accounting(40 question=80 marks)

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 

2.Economics and Governance(60 questions=120 marks)

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-Marshall's 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