What are the most important topics in CSS Accountancy and Auditing?

Financial accounting, cost accounting, auditing principles, taxation, and business finance.

How to prepare for Accountancy and Auditing in CSS exam?

Study past papers, practice numerical questions, and understand auditing and tax laws.

Is Accountancy and Auditing a scoring subject in CSS?

Yes, it is scoring if you’re good with calculations and concepts.

What types of questions are asked in CSS Auditing paper?

Conceptual questions on audit procedures, fraud types, and professional ethics.

Can a non-commerce student attempt Accountancy in CSS?

Yes, but strong preparation is needed due to numerical complexity.

Accounting And Auditing Past Papers CSS 2023 PDF

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Past Papers of CSS Accountancy and Auditing 2023

Download Accounting And Auditing Past Papers CSS 2023 PDF. The Federal Public Service Commission (FPSC) conducted the CSS Competitive Exam 2023 for various subjects including Accountancy and Auditing. This subject is part of the optional group for candidates with backgrounds in finance, commerce, accounting, or business studies.

If you’re preparing for CSS 2024 or later, reviewing the 2023 paper is crucial for understanding the latest trends and expected question formats.

Paper Overview

The exam is divided into two parts:

Paper I – Core Accountancy Concepts, Financial Accounting, Management Accounting

Paper II – Auditing, Taxation, Business Finance, and Current Trends in Business Studies

Paper-I: Key Highlights

Section I – Financial and Cost Accounting

Basic Concepts: Accounting principles and conventions.

Trial Balance Preparation: Based on balances from a company’s ledger.

Financial Ratios & EPS Calculations: Including ROE, BV, and projections for the next fiscal year.

Cash Flow Statements: Prepared using IAS-7 format.

Practical Accounting Scenarios

Trading, Profit & Loss, and Balance Sheet Preparation

Depreciation Calculations using straight-line method.

Payroll & Bonus Schemes like Rowan Premium bonus method.

Economic Order Quantity (EOQ) and Reorder Level calculations.

Section II – Costing & Financial Analysis

Income Statement Preparation with variable/fixed costs, and selling/admin expenses.

Break-even Point Analysis and Profit Target estimations.

Cost of Goods Manufactured & Sold, including overhead allocation.

Labor Payroll Calculation based on different grades, hours, and group incentives.

Paper-II: Auditing, Taxation & Business Finance

Auditing

Professional Skepticism

Types of Employee Frauds

Computer-Assisted Audit Techniques (CAATs) and their practical advantages.

Business Taxation

Taxable Income Calculations for inherited and gifted assets.

Capital Gains Treatment

Tax Implications on Donations, Gifts, and International Employment

Business Studies and Finance

Capital Budgeting Techniques:

NPV, IRR, Payback Period comparison between two projects.

Entrepreneurship & Globalization Trends

Demographic Shifts and Business Opportunities

About the CSS

The CSS (Central Superior Services) Competitive Examination is a rigorous federal-level test administered by the Federal Public Service Commission (FPSC) to select candidates for prestigious civil service roles across Pakistan. The exam’s rules and regulations, covering age limits, eligibility, subjects, and quotas, are detailed in the official CSS Rules section on the FPSC’s website.

The CSS Exam Rules, issued by FPSC Pakistan, outline eligibility criteria, age limits (21–30 years), and a maximum of three attempts for candidates. The exam includes written tests, a medical exam, a psychological assessment, and an interview. Rules also define quotas, disqualification grounds, and subject selection for a fair recruitment process.