UPSC NOTIFICATION - ASSISTANT DIRECTOR (COST) FOR QUALIFIED CA/CMA.

  ADVERTISEMENT NO.04/2024 UNION PUBLIC SERVICE COMMISSION INVITES ONLINE RECRUITMENT APPLICATIONS FOR RECRUITMENT BY SELECTION TO THE FOLLOWING POST OF ASSISTANT DIRECTOR (COST).

VACANCY DETAILS: (Vacancy No. 24020401424) 

36 vacancies for the post of Assistant Director (Cost) in Office of Chief Adviser Cost, Department of Expenditure, Ministry of Finance RESERVATION POSITION: (UR-15, EWS-04, OBC-10, SC-05, ST-02,) (PwBD-02)

PAY SCALE: 

Level- 10 in the Pay Matrix as per 7th CPC. 

AGE: 

35 years for URs/EWSs, 

38 years for OBCs,

40 years for SCs/STs 

and 45 years for PwBDs. 

ESSENTIAL QUALIFICATIONS: 

EDUCATIONAL: 

A qualification recognized for enrolment in the Register of Members of the Institute of Chartered Accountants of India or of the Institute of Cost Accountants of India. 

DESIRABLE:    i) Degree from a recognized University.

                          ii) Three years’ experience in Cost Accounting work

DUTIES: 

Cost Analysis/Cost Examination; Appraisal of capital intensive projects; Cost benefit analysis of projects; Determining fair prices ; Studies on cost reduction and cost efficiency. 

PROBATION PERIOD : 2 Years

OTHER DETAILS: 

The post is permanent. Indian Cost Accounts Service Group ‘A’ Gazetted.

HEADQUARTERS: 

New Delhi with liability to be posted anywhere in India.

WHEN TO APPLY:

The online recruitment application is open from 24-02-2024 to 14-03-2024.

WHERE TO AND HOW TO APPLY:

The application should be submitted online.

Go to https://upsconline.nic.in/ora/VacancyNoticePub.php and click on apply now.

Read the instructions carefully and click on "new registration" and create a profile for yourself and make a note of the user id and password.

DOCUMENTS NEEDED:

1. Passport Size photo  in jpg format ( Max 1000X1000 pixel).

you can use https://imresizer.com to resize the image.

2. Signature in jpg format ( Max 1000X1000 pixel).

3. Photo identity ( Aadhaar card can be used) in pdf format.

4. Proof of date of birth ( 10th Marks list can be used) in pdf format.

5. Mandatory-CA/CMA certificate and marks list in pdf format.

6. Desirable- Degree Certificate and marks list in pdf format.

7. Caste certificate by candidate seeking reservation as SC/ ST/ OBC.

If you have any additional or higher educational qualification please do fill them as it would help in shortlisting your application in case of numerous applications received.

If you have experience in cost accounting work fill the same in experience tab.

Select two preferred recruitment test centers among Ahmedabad, Bhopal, Chennai, Delhi, Dispur (Guwahati), Jaipur, Jammu, Kolkata, Lucknow, Mumbai, Nagpur, Port Blair, Ranchi & Visakhapatnam.

After filling the application preview the application form as once the application form is submitted modification can't be done.

Submit the form and save the application form for future reference.

A confirmation mail will be received on the registered mail id once the application is submitted.

FEE:

Fee of Rs. 25/- (Rupees Twenty five) through Visa/Master/Rupay/Credit/Debit Card/UPI payment should be made after submitting the form.

NOTE: No fee for SC/ST/PwBD and Women candidates of any community.  

Scheme of the Test: 

(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.

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. 

9) Generally Accepted Accounting Principles (GAAPs), Accounting Standards and Ind AS.

10)Financial Statements and Analysis: Preparation of Corporate Financial Statements, Ratio Analysis, Cash Flow Analysis. 

11)Appraisal of Projects: Capital Budgeting, Cost of Capital, Leverage Analysis; Methods of Project Appraisal-Payback Period, Net Present Value (NPV), Financial Internal Rate of Return (FIRR), Economic Internal Rate of Return (EIRR), Benefit Cost Ratio. 

12)Project Management: Project Planning, Project Life Cycle, Gantt Charts, PERT and CPM.

 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, Antidumping 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 businessMOU 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.  

NOTE-III: NO REQUEST FOR CHANGE OF TEST CENTRE WILL BE ENTERTAINED.

Previous question papers for reference:

https://upsc.gov.in/sites/default/files/QP-COST-MANAGEMENT-ACCOUNTING-300822_0.pdf

https://upsc.gov.in/sites/default/files/CBRT-10-AD-Cost-CMA-20-10-2019-FN.pdf

https://upsc.gov.in/sites/default/files/12_24_AD_Cost_0.pdf