APSC Financial Management Officer Syllabus 2023 (Download) Exam Pattern PDF

Subjects	Marks	Max Passing Marks
Paper-IGeneral Accounts (With Books)	150 marks	80 marks
Paper-IIFundamental Rules and Subsidiary Rules, Financial Rules and Treasury Rules (Without Books)	150 marks	80 marks
Paper-IIICommercial Book Keeping(Charter’s Advance Accounts, 4th Edition, Reprint 1955 or latest) (Without Books)	150 marks	80 marks
Paper-IVConstitution of India and Public Finance. (Without Books)	150 marks	80 marks
Duration: 3 Hours for each paper

Download APSC Financial Management Officer Syllabus 2023 PDF

Here we have provided the APSC Financial Management Officer Syllabus. The APSC Exam will be conducted to recruit the Financial Management Officer Posts. To help the Aspirants we have uploaded the APSC Financial Management Officer Syllabus on this page for Download. Here we have provided the Subject Wise APSC Financial Management Officer Syllabus PDF.

1. Paper-I: General (With Books)

Group-I:

• Accounts Code Vol-I and II (Complete)
• Assam Budget Manual, Audit Code (Sections III, IV and V) Group-II:
• Accounts Code Vol-III,
• Central Public Works Department Code and Assam Public Works Department Code,
• Assam Financial Rules (Chapters XI, XII, XIII)

2.     Paper-II: Fundamental Rules and Subsidiary Rules, Financial Rules and Treasury Rules (Without Books)Group-I:

• Fundamental Rules and Assam Subsidiary Rules (Complete).
• The Civil Service (Classification, Control and Appeal)
• Assam Pension Manual (Complete). Group-II:
• Assam Financial Rules (complete excluding Chapter XI, XII and XIII).
• Treasury Rules Subsidiary Orders framed there

3.      Paper-III: Commercial Book Keeping (Charter’s Advance Accounts, 4th Edition, Reprint 1955 or latest) (Without Books)Chapter-I:       Book keeping up-to trail Balance.

Chapter-II:      Trading and profit and loss Accounts and Balance sheet. Chapter-III:        The correction of errors.

Chapter-IV:       Single Entry and Conversion to Double Entry. Chapter-V:   Depreciation, Sinking Funds, etc.

Chapter-VI:       Bill of exchange, Promissory Notes, Cheques. Chapter-IX:   Self Balancing ledger.

Chapter-X:     Capital and Revenue, Revenue Accounts, Receipt and Payment Accounts, Income and Expenditure Accounts.

Chapter-XII:                    Partnership Accounts. Chapter-XIII:                    Dissolution of partnership.

Chapter-XVI:     Manufacturing and working Accounts, Stock control. Chapter-XVII:  Cost Accounts.

 

4.     Paper-IV: Constitution of India and Public Finance (Without Books)Group-I:

• Constitution of India:-

Part XII:       Finance, Property, Contract and Suit

Part XIII:      Trade, Commerce and intercourse within territory of India.

[Commentary on the Constitution of India by Durgadas Basu (2 Vols.) recommended, as the Authoritative reference work]

Group-II:

1. Public Finance:- Distinction between Public Finance and Private Finance, Aims of Public Finance, the Principles of minimum expenditure, the Principle of maximum advantage and the principal of full
2. Sources of Public Revenue: – Tax Revenue and Non-Tax Revenue, Tax fee, price and special
3. Principles of Taxation:- Adam Smith’s Cannons of Taxation- Benefit Theory, Cost of Service Principleand the “Ability topay”theory- Interpretationof “Ability on the lines of Sacrifice”. The principle of “Equality of Sacrifice” and the principle of the “Least Aggregate Sacrifice”.
4. Classification of Taxes:-
   1. Direct versus Indirect
   2. Proportional progressive, regressive and digressive
   3. Taxes on Income versus Taxes on
   4. Excise and Tariff duties, Revenues Tariff and Protective
   5. Single tax, Multiple tax, and Plural tax- prosandconsofeach mode of
5. Taxable Capacity:- Factors of
6. Incidence of Taxation:- Impact, Incidence and Shifting- general principles governing the incidence of particular taxes,

• tax on economic rent,
• tax on land,
• tax on building,
• tax on monopoly,
• income-tax,
• Import and export duties, capitalization or amortization of

7. Effects of Taxation on production:- Effects on the ability to work and save, effect on the desire to work

and save and effects on the distribution of economic resources between different employments and localities, with particular reference to Income tax, Death duty or Estate duty or Inheritance tax, taxation of unearned increment and the capital gains tax, General effects of taxation on distribution of wealth.

8. Public Expenditure:-  Classification of Public Expenditure

• Union or Central expenditure, State or Provincial expenditure and local
• Productive versus Unproductive
• Grants versus Purchase
• Rural expenditure versus Transfer Effect of public ‘expenditure on production, distribution and employment of resources.

9. Public Debts:- Classification of Public Debts

• Dead weight debts, passive debts and active
• Funded and unfunded
• Internal debts and external debt-

Occasions for public borrowings- loans versus taxes as method of war finance- Burden of public debts- economic effects of public debts. Effects on money supply,

 

effects on the price level, effects on the rate of interest, effects on the allocation of resources and on the income sharing- Methods, of debts repayment, sinking fund , conversion of debt and of capital levy.

10. The Budget:- Balancing the budget, balanced budget, surplus budget and deficit budget- “Deficit Financing” pros and cons.
11. Indian Financial System:- Principle of distribution of Sources of revenue between the Unlon and the

State-economic characteristics of Income Tax, Estate Duty, Wealth Tax, Expenditure Tax, Capital Gains Tax, Sales Tax etc. for Indian Tax reform.

[Principle of Public Finance by Hugh Dalton is recommended as a standard work on the subject]

APSC Financial Management Officer Syllabus – Frequently Asked Questions(FAQ)