SSC CGL AAO Study Materials & Syllabus

SSC CGL Tier-2, Paper-4 AAO Study Materials (Assistant Audit / Accounts Officers)

Assistant Audit Officer is amongst the most desirable posts under SSC CGL as it is one of highest paying and most respected jobs under SSC CGL. Candidates looking to get this post have to appear in the AAO exam in the tier 2 of SSC CGL, which is called paper 4. Along with this, candidates have to appear in the compulsory papers, English and Mathematics as well, which are paper 1 and 2. 

SSC CGL AAO exam is considered to be a slightly trickier exam as this involves graduation level topics on the related exams. Let us take a look at the examination pattern, syllabus, books and preparation tips for SSC CGL AAO exam.

SSC CGL AAO Examination Pattern

• SSC CGL AAO will comprise a total of 100 questions.
• Candidates will be given 120 minutes to complete the exam.
• The question paper will be divided into two parts; One section is Finance and Accounting, whereas the second one is Economy and Governance.
• Finance and Accounting section will feature 40 questions, and the Economy and Governance section will have 60 questions.
• All the questions will be multiple choice questions.
• There is a provision of negative marking in the paper.

SSC CGL AAO Syllabus

Since SSC CGL is a graduation level exam, the questions asked in SSC CGL AAO will also be of graduation level. Candidates will need to cover graduation level topics of both the sections. However, the questions asked in the exam cover the basic details only, and not the higher level applications.

Take a look at the following table for knowing the topics which need to be covered for this exam –

SSC CGL AAO Syllabus for Finance and Accounting – (80 marks)

Here are the topic which candidates need to cover for Finance and Accounting section of SSC CGL AAO –

Nature and Scope of Financial Accounting	Limitations of Financial Accounting
Basic Concepts and Conventions	Manufacturing Account
Generally Accepted Accounting Principles	Trading Account
Single and Double Entry System	Profit and Loss Appropriation Account
Books of Original Entry	Balance Sheet
Bank Reconciliation	Capital and Revenue Items
Journal	Depreciation Accounting
Ledgers	Valuation of Inventory
Trial Balance	Accounting for non-profit organization
Rectification of Errors	Bills of exchange
Income & Expenditure and Receipt & Payment account	Self Balancing Ledgers

SSC CGL AAO Syllabus for Economy and Governance -(120 marks)

Constitutional provisions, role and responsibilities of CAG	Meaning and factors of production
Role and Functions of Finance Commission	Laws of production – Law of variable proportions and law of returns to scale
Definition of Economics, Micro and Macro Economics	Various types of market (perfect competition, monopoly, monopolistic and oligopoly)
Scope and Nature of Economics	Price determination in different markets
Methods of Economic Study	Nature of Indian Economy – Role of Agriculture and other sectors
Central Problem of an Economy	Problems and Growth of Services and Industries
Production possibilities curve	National Income
Meaning and Determinants of Demand	Methods of calculating National Income
Law of Demand	Population – Size, growth and implications on economy
Elasticity of Demand (Price, Income Cross Elasticity)	Poverty and unemployment
Theory of Consumer behavior – Marshallian Approach and Indifference curve approach	Infrastructure – Energy, transport and communication
Meaning and Determinants of supply	Reforms of 1991 – Liberalization, Privatization and Globalization
Law of supply and elasticity of supply	Monetary Policy and Fiscal Policy
Role and functions of RBI, RRBs, Commercial Banks and Payment Banks	Budget and Fiscal Deficits, Balance of payments
Role of Information Technology in Governance	Fiscal Policy and Budget Management Act, 2003

SSC CGL AAO Preparation Tips

Candidates also need to understand that having proper strategy and method of study is also important for SSC CGL AAO exams. To ace this exam, Candidates can follow the preparation tips mentioned below –

• Starting with NCERT books is always preferred as these provide a very good explanation of basics.
• Candidates must not leave the numerical questions of accounting as they carry high weightage.
• Numerical questions asked on accounting are not of very high level, therefore, candidates must not waste time on tough questions.
• Candidates must keep themselves up to date with current economic and financial news.
• In economics, graph based questions can be asked. Therefore, candidates must cover the graphs of chapters like law of demand, law of supply, production possibilities curve, returns to scale and all such chapters properly.
• Candidates can refer to ICAI’s website for basic understanding of concepts.
• Many youtube channels and videos are there on economics and accounts, and candidates may refer to them for explanations. ‘Khan Academy’ has a very good playlist on economics; some basic chapters can be covered from this channel as well.
• The key to ace this exam is having good knowledge of basics, therefore, candidates must understand every topic with strong basics.
• Mock tests are an important part of preparation. Candidates should take 5 to 10 mocks for understanding their preparation level and covering weak areas.

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