Kerala PSC HSST Commerce Syllabus 2024

Contents

1.Kerala PSC HSST Commerce notification

2. HSST Commerce Qualification

3. HSST Commerce notification 2023 Last date to apply

4. HSST Commerce's last notification

5. Kerala PSC HSST Commerce Syllabus

6. Kerala PSC HSST Commerce: How to Prepare?

Kerala PSC HSST Commerce Notification

The Kerala PSC HSST Notification is to be realeased anytime now. All the eagerly waiting aspirants can check out the notification in the official website. The candidates can start applying once the notification is published. The last notification was released in the year 2022. The last examination was conducted in july 2022. The candidates can start preparing for the examination as the examination may be held within eight months from now. Once the awaited notification is released, the candidates should remember to confirm their eligibility by going through all the mandatory conditions set by the Board.

The below given table contains the details taken from Kerala PSC HSST Commerce Notification 2022:-

Department	Kerala Vocational Higher Secondary School Education
Name of Post	Non-Vocational Teacher in Commerce (Senior)
Scale of Pay	Rs 55200 – Rs 1,15,300
Age limit	23-40 years

The above recruitment gazetted in the year 2022 was mainly intended for candidates who have post-graduation degree qualifications and a degree in teaching from the concerned subject. And the rank list for the above recruitment shall remain in force for a minimum period of one year or till the intimation of the next recruitment whichever is earlier.

HSST Commerce Qualification

The qualifications required to apply for the Higher Secondary School Teacher in Commerce post are listed below.

1. Master’s Degree in the concerned subject with not less than 50% marks awarded by any of the Universities in Kerala or a qualification recognized as equivalent thereto in the respective subject by a University in Kerala.

2. i. B.Ed. Degree in the concerned subject acquired after a regular course of study from any of the Universities in Kerala or a qualification recognized as equivalent thereto by a University in Kerala.

ii. In the absence of persons with B.Ed. Degree in the concerned subject, B.Ed. Degree in the concerned faculty as specified in the Acts and Statutes of any of the Universities in Kerala.

iii. In the absence of persons with B.Ed. Degree as specified in item (i) and (ii) above, persons with B.Ed. Degree in any subject acquired after a regular course of study from any of the Universities in Kerala or a qualification recognized as equivalent thereto by any of the Universities in Kerala.

3. Must have passed the State Eligibility Test in the concerned subject for the post of Non-Vocational Teacher conducted by the Government of Kerala or by the Agency authorized by the State Government.

HSST Commerce notification 2023 & Last date to apply

The latest notification for HSST Commerce 2023 is not yet released, however, the candidates can expect the notification to be released anytime soon. As the last advice for the post was released towards the end of 2022, the aspirants can expect the notification to be out within the end of January 2024.

Candidates who wish to register shall make use of the ‘One Time Registration’ facility available through the official website @ www.keralapsc.gov.in. Candidates who have already registered through this portal can apply by logging on to their PSC Thulasi Profile by entering the user ID and password. When the profile opens up, a number of utility tabs related to the recruitment can be seen, where the aspirants can open up the notifications tab to check the current recruitment posts gazetted. Applicants shall click on the ‘Apply Now’ tab corresponding to the preferred post or the post the candidate intends to apply to. So be ready as the Notification will be released anytime soon. Keep updated with us for the latest infromation.

HSST Commerce last notification

The last notification for HSST Commerce post was notified in the month of December 2022 for direct, SC/ST and NCA categories. And the vacancies for the same are anticipated to be a few in the gazette, however the vacancies can still surge in as a there would be chances of mass retirement from this sector. As per the last notification Kerala Vocational Higher Secondary Education department notified the post of Non-Vocational Teacher in Commerce (Senior). The exam pattern corresponded to an OMR-written test which was part of this selection and prior to this selection test candidates were advised to give confirmation for the same.

The admission tickets are usually released in the profile prior to 15 days before the test. And candidates who haven’t given any confirmation will not be updated about the admission ticket nor the ticket will be issued on the profile. Be careful to update the status of your Admission tickets as technical issues' occurance can happen anytime.

Kerala PSC HSST Commerce Syllabus

HSST Commerce Syllabus
SI.No.	Subjects	Marks
	Module 1- Research Methodology & Quantitative Techniques	7
	Module 2- Financial Markets and Services & Investment Management	7
	Module 3- Portfolio Management & Derivatives	7
	Module 4- Income Tax & Goods and Service Tax	7
	Module 5- Advanced Cost and Management Accounting	7
	Module 6- Corporate Financial Accounting & Reporting	7
	Module 7 - International Business and Finance	7
	Module 8- Management and Organisational Behaviour	7
	Module 9- Corporate Governance and Business Ethics	7
	Module 10- Financial Management	7
	Total	70 Marks

Module 1- Research Methodology & Quantitative Techniques (7 Marks)

History of Social Science Research-types of research – research process- scaling –reliability and validity tests- types of research designs – cross-sectional and time series research designs - types of data- sampling - variables – Research Hypotheses –parametric and nonparametric tests- Analysis of data-statistical tools, univariate, bivariate and multivariate Measures of central tendency, dispersion, correlation, regression, t-test, Chi-square test, factor analysis - Regression assumptions and types of regressions–Analysis of Variance Assumptions of ANOVA- Techniques of ANOVA-Econometrics- Methodology of Econometrics- Econometric Models- Ordinary Least Squares (OLS) – Simple and Multiple Regression –Normality of Distributions – Normality Test using descriptive statistics –Linear Relationship of Variables - Report writing – APA and MLA Format in writing references and Bibliography- Citation – Plagiarism in researches- measures to overcome plagiarism Research ethics in social science- citation and impact factor

Module 2- Financial Markets and Services & Investment Management (7 Marks)

Indian financial system- capital market- money market- stock exchanges – types of financial services – capital market services & money market services – intermediaries- role of SEBI- depository system- online trading- insider trading - fund based services- fee-based services –dimensions of investment- corporate and personal investment- various investment avenues- components of personal finance- financial literacy- behavioural finance- theories -rationality in decisions- theories of modern finance and behavioural finance- behavioural biases on financial decision making – ways to overcome biases financial modelling

Module 3- Portfolio Management & Derivatives (7 Marks)

Security Analysis- fundamental analysis – technical analysis- EMH- Capital Market theory – Capital Asset Pricing Model(CAPM) – Markowitz Portfolio Theory– Assumptions – Markowitz Portfolio Construction Process –– Sharpe‘s Single Index Model – Construction of Efficient Portfolio –– Concept of Risk free Assets and Risky Assets –– Concepts of Lending & Borrowing in Construction of Portfolio – Application of CAPM (CML & SML) – Factor Model – Fama French Three Factor Model - Arbitrage Pricing Theory (APT) - portfolio risk- portfolio revision- Portfolio Evaluation- formula plans- Performance Evaluation – Benchmarks, Sharpe Reward to Variability Ratio–Treynor Reward to Volatility- Ratio – Jensen‘s Performance Index – Fama‘s Decomposition Model- History and Economic Benefits of Derivatives – Underlying Asset - Margin Requirements Settlement of Transactions- Lot Size – Classification of Derivatives -Exchange Traded and OTC Derivatives Market, Commodity and Financial- Derivatives Trading in stock exchanges – Currency Derivatives Market– Commodity Exchanges - Forward Contracts – Future Contracts – Option Contracts - Payoff and settlement of Option Contracts, forward and future contracts- Swaps-development-structure of swap dealing for risk management Hedging through derivatives

Module 4 - Income Tax & Goods and Service Tax (7 Marks)

Residential Status of different assesses- Incidence of tax- Exempted Income- Income from Salary– Allowances- Income from House Property- Basis of Charge- Deemed ownership – Exemptions- profits and gains of business or profession- Depreciation – Block of assets – Computation of allowable depreciation – capital gain – income from other sources computation of Gross Total income and Total Income- Deductions- clubbing - setoff and carry forwards- assessment of companies, firms, HUF and co-operative societies-Tax planning, Tax Evasion, Tax avoidance, Tax management - Precautions in Tax Planning Need for Tax Planning-Limitations- Tax Audit- Tax Planning in relation to Heads of Income -Concept of TDS &TCS -Advance payment- income tax authorities- Types of return of income- types of assessment-Indirect Tax-GST-Stages and evolution of GST in India-GST Bill-GST Council-Need for GST in India- Challenges for the introduction of GST in India Benefits of GST -Subsuming of taxes-Framework of GST in India-CGST-SGST-UTGSTIGST- Computation-GSTN-GST Common Portal -HSN-SAC-GSTIN-Goods outside the scope of GST - Levy and collection of tax, time, value and place of supply and input tax credit.

Module 5- Advanced cost and Management Accounting (7 Marks)

Material – Labour – overhead- Marginal costing- Role of Marginal costing in decision making-fixation of selling price- Accepting additional orders- Make or buy decisions- Key Factor Analysis- Own or Lease- Sell or further process- Closing down or suspending activities- Process Costing and its applications in different situations- Inter process profits Work-in-Progress- Accounting for Equivalent Production- Standard Costing and Variance Analysis- Uniform costing -Transfer Pricing Applications - Pricing Methods – Cost Plus Pricing – Pricing to earn targeted Profit - Variable Cost -Cost volume profit analysis – Computation of PV Ratio and Break Even Point Pricing- New Product Pricing Strategies - Skimming Price Policy – Penetration Strategy- Cost Accounting Standards- Revenue Management Concept- Enterprise Performance Management (EPM) -Concept of Better Decision- Business Intelligence - Strategic map - Driver Caused Budgeting- Customer Relationship Management (CRM) - Enterprise resource Planning (ERP)- Activity based costing, Total Productivity Management (TPM), Pareto analysis and Theory of Constraints meaning- practical application of Pareto Analysis- JIT or Lean Manufacturing, steps, implementation, features, merits and demerits, role of JIT in elimination of waste, increasing profitability, Project Life Cycle Costing

Module 6- Corporate Financial Accounting & Reporting (7 Marks)

Accounting principles and Accounting Standards- IFRS- Ind AS- Insurance Claims and Investment Accounts- Holding Companies – Preparation of Consolidated Balance Sheet Amalgamation - Types of Amalgamation – Calculation of Purchase Consideration- Methods of accounting for amalgamation- Accounting for Mergers, Acquisition and Reconstruction (internal and external)- Accounting for Liquidation of Companies – Preparation of Statement of Affairs – Deficiency/Surplus Account - Liquidator‘s Final Statement of Account- Double account system- Final Accounts of Electricity Concerns- Insolvency and Bankruptcy Code 2016 – scope and functions- Corporate Insolvency Resolution Process- Voyage Accounts – meaning – purpose – Basic concepts of voyage accounts – Treatment of incomplete Voyage- Human Resource Accounting- Forensic Accounting – Social Responsibility Accounting – Environmental Accounting- Investment Accounting – Proactive Accounting – Inflation Accounting

Module 7 - International Business and Finance (7 Marks)

Stages of internationalization of business-Methods of entry into foreign markets Licensing- Franchising- Joint Ventures-Strategic Alliances- Subsidiaries and Acquisitions Theoretical Foundations of International Business- Legal framework of International Business- Free Trade Area, Customs Union, Common Market and Economic Union Regional Blocks-Developed and Developing Countries- NAFTA- EU-SAARC, ASEANBRICS- OPEC- Balance of Payment- Disequilibrium-Causes and corrections -Promotional role played by IMF-World Bank & its affiliates- IFC, MIGA and ICSID-ADB-Regulatory role played by WTO&UNCTAD- Multinational Companies (MNCs) and Host Countries FPI-FII-ADR-GDR-ECBs-FCBs-International Marketing - International financial markets foreign exchange market-foreign exchange trading-Cash and spot exchange rates-foreign exchange rate and quotation forward markets- Exchange rate behaviour-cross rates-foreign exchange market participants-SWIFT Mechanism-Forecasting exchange rate-measuring exchange rate movements-Spot and forward exchange- Exchange rate determination Theories and models of exchange rate-Purchasing power parity theory-Asset market model Portfolio balancing model- Exchange rate of rupee- recent trends in exchange rate -convertibility of Indian rupee-Hedging against foreign exchange exposure-Forward Market-Futures market-options market-swap market-–International Investments-Types of foreign investment-Significance of foreign investments- Factors affecting international investment

Module 8- Management and Organisational Behaviour (7 Marks)

Introduction to management -Historical evolution schools of management thought –Major contributors to management thought- Principles of management-modern techniques in management- Japanese Management System-Korean Management system - Leadership and Management-Theories of Management, Theories of Leadership, Quality circle- TQM- Six Sigma Kaizen- Benchmarking –Core competence-Bottom of pyramid approach– Emerging challenges and opportunities for OB- Basic motivational concepts – Theories of motivation- HRM approach to managing and controlling performance- Nature, Scope and Functions of Human Resource Management -job analysis- recruitment- Training Performance Appraisal and Job evaluation - Theories of personality–Major personality attributes influencing organization behaviour - Building and maintaining the self-values, attitudes and job satisfaction-Group dynamic and inter group relationships–Characteristics of workgroup – Basic forces of group behaviour – Quality of Work Life-Work Life Balance Dynamics of effective operating groups – Work group behaviour and productivity - Team management – Styles and skills in leadership- Organisational Culture, Organizational development- TQM- Evolution of TQM- Characteristics- Scope of TQM- –Elements – Pillars of TQM

Module 9- Corporate Governance and Business Ethics (7 Marks)

Evolution of Corporate Governance- Major Stakeholders of a Corporate Body and their goals- Communication mechanism of corporate organisation with stake holders-Objectives of Corporate Governance- Principles of Corporate Governance-Theories and Models of Corporate Governance- Conceptual Framework of Corporate Governance- Legal framework of Corporate and administrative framework- regulatory framework of corporate governance in India- SEBI guidelines and clause 49- Reforms in the Companies Act-Secretarial Audit Insider trading- green governance-Various Committees on Corporate Governance - CSR under Companies Act 2013 – Scope – Relevance – Importance – Areas of CSR – Arguments for and against CSR – Ackerman‘s model of CSR – Executive Directors- Independent Directors-Appointment, Remuneration- Powers, Duties and Responsibilities- Audit Committee- Composition Power and Responsibilities- Statutory Officers- Duties, Board Committees- Responsibilities and Powers-Board meetings- Whistleblowing and Corporate Governance-Role of ethics in business- Law & ethics - Ethics and values-Important ethical principles in business& Social Audit

Module 10- Financial Management (7 Marks)

Decisions in Financial Management – Financing Decisions, Investing Decisions and Dividend Decisions-Capital Structure –cost of capital - Factors determining Capital Structure-Capital Structure Theories- Relevant School and Irrelevant School- Optimum Capital Structure-EBIT-EPS Analysis – Points of indifference-Leverage – Financial leverage – Operating Leverage – Combined Leverage -Dividend decisions- Walter’s Model, Gordon Model and MM approach to dividend- Dividend policies of companies Management of working capital – Liquidity and Profitability – Working Capital financing decisions – The working capital cycle –Cash Management-Debtors Management - Credit Policy Decisions –Inventory management techniques- Long Term Capital Investment Decisions-Methods of investment appraisal – Pay-back period – discounted payback period – Accounting Rate of Discount- NPV- IRR- Profitability Index - Risk and Uncertainty in capital budgeting – Methods of assessing risk – Probability Analysis – Certainty equivalent Method – Risk Adjusted Discount Method – Monte Carlo Simulation Method – Decision Tree Analysis – Scenario Analysis – Sensitivity Analysis- Lease Financing-Ratios for Assessing Liquidity, Profitability, Productivity, Leverage etc.

The rest of the 30 marks in the syllabus will be devoted to Research Methodology or Teaching Aptitude, General Knowledge, Current Affairs & Renaissance in Kerala.

Kerala PSC HSST Commerce: How to Prepare?

It is the dream of many aspirants to become a teacher, mould the generation of the future and share their valuable knowledge with young adults. Although this could be done without any qualification in our daily lives, it is not possible to carry this out as a profession without proper qualification. It is the duty of the Government to ensure the accessibity of the right education for the growing students. As a part of that, the Goverment has set the qualification examniatrions and recruitment exa,niations as a compulsory procedure to get to such a prestigious position.

HSST Commerce is one of such recruitment examniations where the board has to filter the best of all applicants to recruit for the post. So it is important for the aspirants to completely understand the concepts, roles and the teaching methods to deliver their best service. Thus every candidate has to prove their best shot and prove thier worth in the Examination.

The question is HOW?

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Then what else do a student want?

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