[PDF]Syllabus Deputy Finance Manager COIRFED|284/2024, 285/2024 syllabus Kerala PSC

Syllabus Deputy Finance Manager COIRFED: DETAILED SYLLABUS FOR THE POST OF DEPUTY FINANCE MANAGER IN KERALA STATE CO-OPERATIVE COIR MARKETING FEDERATION LIMITED (Cat.No. : 284/2024, 285/2024). Exam date: 07.11.2025.Total Marks : 100

Study Materials for Assistant Manager (Finance)

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Syllabus Deputy Finance Manager COIRFED

Contents:

MODULE I: Financial Management (10 Marks)

Introduction to Financial management Analysis and Interpretation of financial
Statements -Ratio Analysis – Application of Ratio Analysis in Cooperatives.
Funds Flow and Cash Flow Analysis -Significance and Procedure – Interpretation
of funds flow and cash flow statement. Working Capital Management-Concept
and need of Working Capital – Estimating Working Capital -Optimum level of
current assets – Managing Cash – Managing accounts receivable – Managing
Inventories. Designing the capital structure for cooperatives – Features of an
appropriate capital structure and its determinants – Sources of Capital in
Cooperatives – Cost of capital in Cooperatives. Budgets – Preparation of Various
budgets- budgetary control. Funds management -Significance of funds
management in Cooperatives – Credit appraisal – Recovery Management –

Managing Term loans- raising of term loans – Internal financing- compulsory
deposit -Collective and follow up measures. Capital Budgeting – Process of
capital Budgeting – Types of Evaluation. Reporting to management for financial
decisions – Objectives and type of Reporting.

MODULE II: Taxation Law and Accounts (10 Marks)

Income-tax law- Concept of previous year and assessment year- Basis of
Charge and Rates of Tax. Residential status and scope of total income. Heads of
income and the provisions governing computation of income under different
heads-Salaries – Income from house property-Profits and gains of business or
profession -Capital Gains-Income from other sources. Assessment of
Income of different persons: – Hindu Undivided Family-Firms-LLP-Association of
Persons- Cooperative Societies- Trusts, Charitable and Religious Institutions.

Corporate Taxation: Classification, tax incidence, computation of taxable
income and assessment of tax liability-Tax on distribution of profit – Minimum
Alternate Tax (MAT) – other provisions relating to company. Assessment
Procedure-Types of returns-Due date filing the returns-E-filing-Procedure
for E-filing of returns -Different forms for filing the return- Demand, Recovery,
Assessment, appeal, revision, and settlement-Types of Assessment-Liability for
E Commerce transactions- Procedure for the application of PAN-TAN-Methods of
Tax collection- TDS-TCS-Advance payment of Tax. Income Tax authorities and
their powers-Penalties and prosecutions applicable to individual assessee –
procedure for the imposition of penalty fines and prosecution-concepts of
tax planning-tax avoidance-tax evasion.Goods and Service Tax – Introductionbackground of GST-GST Models-Registration of dealers-Administration of GSTChargeability-Rate of Tax – Computation of VAT-GST – filling of returns.

MODULE III: Cooperative Law, Management and Administration (10 Marks)

Co-operative Legislation in India and in Kerala- Evolution of co-operative
legislation in India the1904 Act, the Act of 1912, transfer of co-operation as
provincial subject, National Development Council Resolution 1956, the Model
Co-operative Societies Bill1957, the Model Cooperative Societies Bill 1991 by
Planning Commission- Trend towards parallel Co-operative Laws – Andhra
Pradesh Mutually Aided Co-operative Societies Act 1995,Multi state
Cooperative Societies Act 1984 and its replacement in 2002. Evolution of
Cooperative legislation in Kerala. The enactment of Kerala – Co-operative
Societies Act 1969. Major amendments in brief (2010 & 2013) .Kerala Cooperative Societies Act (Act 21 of 1969) – Preamble and its significance

important definitions- registration of Co-operative societies- procedure for
registration,Byelaws- contents- amendment of byelaws- change of name and
liabilityamalgamation anddivision of cooperative societies. Membershipqualification for membershiprights andliabilities of members, removal and
expulsion of members, withdrawal and transfer of shares bymembers,
restriction on holding shares, nomination by members. Management of
Cooperatives- Annual general meeting, Special general meeting, powers of
general body, constitution of committee, term, reservation for weaker sections,
disqualification of committee members. Election- State Co-operative Election
Commission and its powers – election procedure, appointment of delegates,

supersession of the committee, appointment of administrator/administrative
committee– seizure of books and records. Privileges of Cooperatives–charge
and set off, register of members as prima facie evidence –exemption from
stamp duty, taxes and fees, deduction of dues of co-operatives – exemption
from compulsory registration of 52 certain documents. Enquiry, Inspection and
Supervision –procedures – Surcharge – procedures.Settlement of disputes –
arbitration and awards – provisions and procedures –Execution and
enforcement of awards – provisions and procedures. Appeals, review
and revision meaning and distinction – authority of appeals – Co-operative
Tribunal- constitution and powers. Offences and penalties–provisions and
procedures.-Co-operative ombudsman– powers and appointment. Winding up
and dissolution of co-operative societies – appointment and powers of
liquidators – procedures – settlement of claims.

MODULE IV: Cooperative Audit (10 Marks)

Audit- Auditing: Definition and Advantages- Objects of Co-operative AuditDifferent types of Cooperative Audit-Difference between Cooperative Audit and
other Audits. Internal Control:Nature and Objectives of Internal Control- Internal
check and Internal.Audit Programme, routine checking and Vouching.

Adjustment Entries, Rectification Entries and Closing Entries.Valuation and
Verification of Assets- Closing Stock- Including Stock of consignment.
Verification of Contingent Liabilities- Estimation of bad and Doubtful assets and
creation of Reserves and Provisions.Examination and Analysis of Manufacturing
Accounts, Trading Account, Profit and Loss Account and Balance Sheet. Audit
Objections- suggestions for Improvement- Reporting of serious objections. Tax
Audit- Conduct, Preparation and Submission of Tax Audit Report under the
Income Tax Act. Assessment of Audit Fee and Audit Classification.

MODULE V: Financial markets and instruments (10 Marks)

Structure of financial markets- Money market- Capital market- Market for
mortgages- Market for financial guarantees- Foreign exchange market-Primary
and secondary markets- Major players and instruments in secondary marketFunctions of stock exchanges- Securities traded in the stock exchange- Major
stock exchanges in India-Trading and settlement procedure- Online
trading- Dematerialisation of securities- Different types of stock indicesConstructing indices

MODULE VI: Marketing Management (10 Marks)

Meaning, Modern and Traditional Concepts-Marketing Mix-Element of marketing
mix. Marketing for Cooperatives. Marketing segmentation- positioning. Product
policy and planning.Product line cycle. Marketing strategy. Marketing
planning.Marketing strategy for cooperatives,Formulating market strategy for
cooperatives in different sectors. Pricing -pricing objective,setting the pricesetting price objectives- pricing methods etc. Marketing information
systems.Integrated marketing.

MODULE VII: Cost Accounting (10 Marks)

Nature and significance of cost accounts-Definition of Costing, Scope,
Objectives, Functions and limitations of cost accounting-Installation of costing
system-Elements of Cost- Cost centre and profit centre-Preparation of Cost
sheet, tender of quotations. Methods of Costing-Process costing, Treatment of
equivalent production- Inter process profit-Joint and by product CostingPreparation of contract account, Cost plus contract and escalation clause.

Marginal Costing-Meaning-Difference between marginal costing and
absorption costing – Break Even Analysis -Cost Volume Profit Analysis – Decision
Making-Key factor- Make or buy—Product/Sales mix decisions—Pricing decisions
—Capacity determination. Standard Costing and Variance Analysis-Material,
Labor and Overheads -reporting of variances UNIT-IV Cost controland Cost
Reduction-Control over wastages, Scrap, Spoilage and defectives– Methods of
cost reduction.Activity based costing–Meaning and concept-Characteristics of
ABC-Benefits from adoption of ABC-Just in Time Costing (JIT).

MODULE VIII: Enterprise Information Systems (10 Marks)

Introduction to Enterprise Business Processes-Risks and controls for specific
business processes:Procure to pay (P2P), Order to cash, Inventory Cycle, Hire to
Retire, Supply Chain Management,Fixed Assets etc.- Applicable regulatory and
compliance requirements including computer related offences, privacy, cybercrime, Sensitive Personal Data Information of Information Technology Act, 2000.

Financial and Accounting systems-Integrated (ERP) and non-integrated
systems with related risks and controls-Business process modules and their
integration with Financial and Accounting systems-Reporting Systems and MIS,
Data Analytics and Business Intelligence-Business Reporting and fundamentals
of XBRL (extensible Business Reporting Language)-Applicable regulatory and
compliance requirements. Information systems and its componentsComponents of Automated Information Systems-Application Systems,
Database,Network and Operating System with related risks and controlsMapping of Organization structure with segregation of duties in Information
Systems. E-commerce, M-commerce and emerging technologies-

Components and Architecture of E-Commerce and M-Commerce with related risks and
controls- Business process flow with its related risks and controls-Applicable
regulatory and compliance requirements-Emerging technologies with its related
risks and controls.Core banking systems -Components and Architecture of CBS
and related risks and controls-Core modules of banking and Business process
flow and its related risks and controls- Reporting Systems and MIS, Data
Analytics and Business Intelligence -Applicable regulatory and compliance
requirements.

MODULE IX: Business Mathematics (10 Marks)

Matrices: Definition of a matrix. Types of matrices. Algebra of matrices.
Applications of matrices operations for solution to simple business and
economic problems. Calculation of values of determinants up to third order.
Finding inverse of a matrix through determinant method. Solution of system of
linear equation up to three variables. Differential Calculus:Mathematical
functions and their types – linear, quadratic, polynomial. Concepts of limit, and
continuity of a function. Concept of differentiation. Rules of differentiation –

simple standard forms. Applications of differentiation – elasticity of demand
and supply. Maxima and Minima of functions (involving second or third order
derivatives) relating to cost, revenue and profit.Basic Mathematics of Finance:
Simple and compound interest. Rates of interest – nominal, effective and
continuous – and their inter-relationships. Compounding and discounting of a
sum using different types of rates. Business Statistics -Uni-variate Analysis
Measures of Central Tendency including Arithmetic mean, Geometric mean and
Harmonic mean: properties and applications;Mode and Median. Partition values

quartiles, deciles, and percentiles. Measures of Variation:absolute and
relative. Range, quartile deviation and mean deviation; Variance and Standard
deviation: calculation and properties. Unit II: Bi-variate Analysis Simple Linear
Correlation Analysis: Meaning, and measurement. Karl Pearson’s co-efficient
and Spearman’s rank correlation. Simple Linear Regression Analysis:

Regression equations and estimation.Components of time series; additive and
multiplicative models; Trend analysis: Finding trend by moving average method
and Fitting of linear trend line using principle of least squares.

MODULE X: Behavioural Finance (10 Marks)

Introduction to behavioural aspects of finance – Investment Process- Decision
making under uncertainty –Risk perceptions- Behavioural and Cognitive
Learning Theories-Brief History of Rational Thought: Pascal-Fermat to FriedmanSavage. Introduction to Neoclassical Economics & Expected Utility TheoryCapital Asset Pricing Model, Misconceptions about Market Efficiency, & Agency
Theory-Applications in decision making. Prospect Theory-FramingMental Accounting-Anomalies -Applications in decision making.

Noise TradingLimits to Arbitrage-Heuristics and Biases-Overconfidence-Applications in
decision making. Emotion and Neuroscience-Group Behavior: Conformism,
herding, fatal attractions- Managing Group conformism and Group behavior in
Investment decisions – Managing Investments under market volatility. Capital
Market Conditions -Analysis and Interpretations: Analyzing trends and price
movements in the capital market and examining relationship to behavioral
functions.

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