Post Name : Assistant Accounts Officer (SPS-08)

MARC, Gilgit = 01, PARC HQ’s = 01, NARC = 01, AZRI, Bahawalpur = = 01,
Place of Posting / Location :
SARC, Karachi = 01, NSCRI, Thatta = 01
Subject
Subject Description
% Weight
Financial Accounting and Management 30%
• Meaning, Nature and Scope of Finance Functions
• Review of Financial Statements, Income Statements and Balance Sheet, Published reports of
quoted companies.
• Operating Activities, Investment Activities and Financing Activities
• Concept and types of Leasing, Lease vs Loan
• Introduction to Business and Business organizations
• Fundamental Accounting concepts, definitions, scope and conceptual framework of Accounting.
• Double entry system for Assets, Liabilities, Capital, Revenue, Expenses, Discounts and Drawings.
• The Accounting cycle, journal, ledger.
• Presentation of Financial statements
• Sales journal and ledger, purchase journal and sub ledger,
• Cash books, petty cash books
• Adjusting entries, work sheets, accrued expenses
• Bank reconciliation statement
Cost Accounting 30%
• Basic Cost term concept
• Cost of Goods Sold Statement, Income Statement
• Job order cost sheet
• Under and over applied overheads
• Cost estimation
• Breakeven point
• Standard costing and Performance management
• Cash receivables and Inventory management
• FIFO, LIFO, JIT Inventory system, Average costing
Auditing 20%
• Introduction, definition, nature and scope of an audit
• Objective of an audit
• Difference between Accounting and Auditing
• Qualities and qualifications of an auditor
• Features, advantages and disadvantages of continues Audit, Interim Audit and Final Audit.
• Definitions, objectives and principals of systems of internal control systems
• Difference between internal and external audit
• Engagement letter
• Management representation
• Audit Techniques
• Audit planning
• Audit evidence
• Auditor Liabilities
• Different types of audit reports
• Events subsequent to Audit report

1 Assistant Accounts Officer (SPS-08)