{"id":251130,"date":"2026-09-09T12:32:51","date_gmt":"2026-09-09T07:02:51","guid":{"rendered":"https:\/\/www.oliveboard.in\/blog\/?p=251130"},"modified":"2026-09-09T12:32:55","modified_gmt":"2026-09-09T07:02:55","slug":"upsc-epfo-principles-of-accountancy-auditing-andinsurance-syllabus","status":"publish","type":"post","link":"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-andinsurance-syllabus\/","title":{"rendered":"UPSC EPFO Principles of Accountancy, Auditing and Insurance Syllabus 2026"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_77 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of content<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-andinsurance-syllabus\/#What_is_the_UPSC_EPFO_Accountancy_Auditing_and_Insurance_syllabus_2026\" >What is the UPSC EPFO Accountancy, Auditing and Insurance syllabus 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-andinsurance-syllabus\/#What_should_you_study_under_Accountancy_for_UPSC_EPFO_APFC\" >What should you study under Accountancy for UPSC EPFO APFC?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-andinsurance-syllabus\/#What_are_the_basic_accounting_concepts_candidates_should_prepare\" >What are the basic accounting concepts candidates should prepare?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-andinsurance-syllabus\/#What_should_you_study_under_recording_of_transactions\" >What should you study under recording of transactions?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-andinsurance-syllabus\/#What_should_you_study_under_Trial_Balance_and_Accounting_Errors\" >What should you study under Trial Balance and Accounting Errors?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-andinsurance-syllabus\/#What_should_candidates_study_under_Bills_of_Exchange\" >What should candidates study under Bills of Exchange?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-andinsurance-syllabus\/#What_should_you_study_under_Final_Accounts\" >What should you study under Final Accounts?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-andinsurance-syllabus\/#What_is_Financial_Analysis_and_what_should_candidates_study\" >What is Financial Analysis and what should candidates study?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-andinsurance-syllabus\/#What_should_you_study_under_Auditing_for_UPSC_EPFO_APFC\" >What should you study under Auditing for UPSC EPFO APFC?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-andinsurance-syllabus\/#What_are_the_important_concepts_under_Audit_Planning_and_Risk\" >What are the important concepts under Audit Planning and Risk?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-andinsurance-syllabus\/#What_is_Vouching_and_Verification_in_Auditing\" >What is Vouching and Verification in Auditing?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-andinsurance-syllabus\/#What_should_you_study_under_Company_and_Entity_Audits\" >What should you study under Company and Entity Audits?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-andinsurance-syllabus\/#What_should_you_study_under_Insurance_for_UPSC_EPFO_APFC\" >What should you study under Insurance for UPSC EPFO APFC?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-andinsurance-syllabus\/#What_are_the_principles_of_insurance_that_candidates_should_prepare\" >What are the principles of insurance that candidates should prepare?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-andinsurance-syllabus\/#What_are_the_types_of_insurance_covered_in_the_syllabus\" >What are the types of insurance covered in the syllabus?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-andinsurance-syllabus\/#How_are_Insurance_and_Social_Security_related\" >How are Insurance and Social Security related?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-andinsurance-syllabus\/#What_are_the_additional_topics_to_prepare_under_Accountancy\" >What are the additional topics to prepare under Accountancy?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-andinsurance-syllabus\/#What_are_the_most_important_topics_for_UPSC_EPFO_Accountancy_Auditing_and_Insurance\" >What are the most important topics for UPSC EPFO Accountancy, Auditing and Insurance?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-andinsurance-syllabus\/#How_can_candidates_prepare_for_Accountancy_Auditing_and_Insurance_for_UPSC_EPFO_APFC\" >How can candidates prepare for Accountancy, Auditing and Insurance for UPSC EPFO APFC?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-andinsurance-syllabus\/#What_is_the_UPSC_EPFO_APFC_exam_pattern_2026\" >What is the UPSC EPFO APFC exam pattern 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-andinsurance-syllabus\/#When_will_the_UPSC_EPFO_APFC_Recruitment_Test_2026_be_conducted\" >When will the UPSC EPFO APFC Recruitment Test 2026 be conducted?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-andinsurance-syllabus\/#FAQs\" >FAQs<\/a><\/li><\/ul><\/nav><\/div>\n\n<p>The <strong>UPSC EPFO Principles of Accountancy, Auditing and Insurance Syllabus 2026<\/strong> is an important part of the Assistant Provident Fund Commissioner (APFC) Recruitment Test. The syllabus covers the basic concepts of accounting, recording of financial transactions, final accounts, auditing practices, and important principles of insurance. Candidates should focus on understanding the concepts and their practical use instead of only memorising definitions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-the-upsc-epfo-accountancy-auditing-and-insurance-syllabus-2026\"><span class=\"ez-toc-section\" id=\"What_is_the_UPSC_EPFO_Accountancy_Auditing_and_Insurance_syllabus_2026\"><\/span>What is the UPSC EPFO Accountancy, Auditing and Insurance syllabus 2026?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The <a href=\"https:\/\/www.oliveboard.in\/upsc-epfo-apfc-syllabus\/?ref=contac-upsc-epfo-syll\" target=\"_blank\" rel=\"noreferrer noopener\">UPSC EPFO APFC syllabus<\/a> includes Accountancy, Auditing and Insurance under one broad subject area. Accountancy focuses on the recording and presentation of financial transactions, while Auditing deals with checking financial records and internal controls. Insurance covers risk, insurance principles, different types of insurance and its role in social security.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Area<\/strong><\/td><td><strong>Major Topics to Study<\/strong><\/td><\/tr><tr><td><strong>Accountancy<\/strong><\/td><td>Basics of accounting, accounting principles, types of accounts, debit and credit, journal, ledger, cash book, trial balance, errors, bills of exchange, accounting standards, company accounts, final accounts, ratio analysis and cash flow<\/td><\/tr><tr><td><strong>Auditing<\/strong><\/td><td>Meaning and objectives of audit, types of audit, audit planning, audit risk, internal controls, vouching, verification, audit procedures, company audit and audit reports<\/td><\/tr><tr><td><strong>Insurance<\/strong><\/td><td>Meaning of insurance, risk, parties to insurance, principles of insurance, life insurance, general insurance, insurance and social security<\/td><\/tr><tr><td><strong>Additional Topics<\/strong><\/td><td>Cost accounting, inventory management, taxation basics, amalgamation, absorption, internal reconstruction, non-profit organisations and joint ventures<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/upsc-epfo-apfc-mock-test\/?ref=contac-upsc-epfo-syll\" target=\"_blank\" rel=\"noreferrer noopener\">Attempt A Free UPSC EPFO APFC Mock Test Today!<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-should-you-study-under-accountancy-for-upsc-epfo-apfc\"><span class=\"ez-toc-section\" id=\"What_should_you_study_under_Accountancy_for_UPSC_EPFO_APFC\"><\/span>What should you study under Accountancy for UPSC EPFO APFC?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Accountancy forms a major part of this section and requires candidates to understand how business and financial transactions are recorded and presented. Start with basic accounting terms, principles and the rules of debit and credit. After this, move towards journal entries, ledger accounts, trial balance and final accounts. <\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Topic<\/strong><\/td><td><strong>What to Study<\/strong><\/td><\/tr><tr><td><strong>Basics of Accounting<\/strong><\/td><td>Meaning and objectives of accounting, economic events, branches of accounting and common accounting terms<\/td><\/tr><tr><td><strong>Accounting Principles<\/strong><\/td><td>Accounting concepts, principles, conventions and basic accounting assumptions<\/td><\/tr><tr><td><strong>Types of Accounts<\/strong><\/td><td>Personal, real and nominal accounts; rules of debit and credit<\/td><\/tr><tr><td><strong>Recording Transactions<\/strong><\/td><td>Source documents, business transactions, accounting equation, journal and ledger<\/td><\/tr><tr><td><strong>Books of Accounts<\/strong><\/td><td>Journal, ledger, cash book, subsidiary books and other books of accounts<\/td><\/tr><tr><td><strong>Trial Balance<\/strong><\/td><td>Meaning, purpose, preparation and importance of trial balance<\/td><\/tr><tr><td><strong>Accounting Errors<\/strong><\/td><td>Types of errors, rectification of errors and suspense account<\/td><\/tr><tr><td><strong>Bills of Exchange<\/strong><\/td><td>Meaning, parties involved, promissory note, discounting and rebate<\/td><\/tr><tr><td><strong>Accounting Standards<\/strong><\/td><td>Basic understanding of accounting standards and their purpose<\/td><\/tr><tr><td><strong>Corporate Accounts<\/strong><\/td><td>Share capital, issue of shares, bonus shares and buyback of shares<\/td><\/tr><tr><td><strong>Inventory &amp; Investment<\/strong><\/td><td>Basic principles of inventory and investment accounting<\/td><\/tr><tr><td><strong>Final Accounts<\/strong><\/td><td>Trading Account, Profit and Loss Account and Balance Sheet<\/td><\/tr><tr><td><strong>Financial Analysis<\/strong><\/td><td>Ratio analysis, important ratios, cash flow statement and its uses<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-basic-accounting-concepts-candidates-should-prepare\"><span class=\"ez-toc-section\" id=\"What_are_the_basic_accounting_concepts_candidates_should_prepare\"><\/span>What are the basic accounting concepts candidates should prepare?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The basic concepts of accounting help candidates understand how financial transactions are recorded and classified. Important areas include the accounting equation, double-entry system, accounting principles and the rules of debit and credit. Candidates should also understand the difference between assets, liabilities, capital, revenue and expenses.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Meaning and objectives of accounting<\/li>\n\n\n\n<li>Meaning of an economic event<\/li>\n\n\n\n<li>Accounting equation<\/li>\n\n\n\n<li>Double-entry bookkeeping<\/li>\n\n\n\n<li>Types of accounts<\/li>\n\n\n\n<li>Rules of debit and credit<\/li>\n\n\n\n<li>Assets and liabilities<\/li>\n\n\n\n<li>Capital and drawings<\/li>\n\n\n\n<li>Revenue and expenses<\/li>\n\n\n\n<li>Receipts and payments<\/li>\n\n\n\n<li>Capital and revenue expenditure<\/li>\n\n\n\n<li>Cash and accrual concepts<\/li>\n\n\n\n<li>Accounting concepts and conventions<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-should-you-study-under-recording-of-transactions\"><span class=\"ez-toc-section\" id=\"What_should_you_study_under_recording_of_transactions\"><\/span>What should you study under recording of transactions?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Recording transactions is an important foundation of Accountancy. Candidates should understand how a business transaction moves from source documents to journal entries, ledger accounts and finally to the trial balance. <\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Source documents<\/li>\n\n\n\n<li>Business transactions<\/li>\n\n\n\n<li>Accounting equation<\/li>\n\n\n\n<li>Journal entries<\/li>\n\n\n\n<li>Ledger posting<\/li>\n\n\n\n<li>Cash book<\/li>\n\n\n\n<li>Subsidiary books<\/li>\n\n\n\n<li>Balancing of accounts<\/li>\n\n\n\n<li>Trial balance<\/li>\n\n\n\n<li>Basic bank-related accounting entries<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-should-you-study-under-trial-balance-and-accounting-errors\"><span class=\"ez-toc-section\" id=\"What_should_you_study_under_Trial_Balance_and_Accounting_Errors\"><\/span>What should you study under Trial Balance and Accounting Errors?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A Trial Balance is prepared to check the arithmetical accuracy of ledger balances. Candidates should understand its purpose, preparation and limitations. They should also learn the different types of accounting errors and how such errors are corrected. Suspense accounts are another important area that should be covered.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Topic<\/strong><\/td><td><strong>Key Areas<\/strong><\/td><\/tr><tr><td><strong>Trial Balance<\/strong><\/td><td>Meaning, objectives, preparation and importance<\/td><\/tr><tr><td><strong>Errors<\/strong><\/td><td>Errors of omission, commission, principle and compensating errors<\/td><\/tr><tr><td><strong>Rectification<\/strong><\/td><td>Correction of accounting errors<\/td><\/tr><tr><td><strong>Suspense Account<\/strong><\/td><td>Meaning, purpose and basic treatment<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-should-candidates-study-under-bills-of-exchange\"><span class=\"ez-toc-section\" id=\"What_should_candidates_study_under_Bills_of_Exchange\"><\/span>What should candidates study under Bills of Exchange?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Bills of Exchange are written financial instruments used for credit transactions. Candidates should understand the parties involved and the basic process of acceptance, discounting and payment. Promissory notes and rebate-related concepts should also be covered.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Meaning of Bills of Exchange<\/li>\n\n\n\n<li>Parties involved<\/li>\n\n\n\n<li>Drawer, drawee and payee<\/li>\n\n\n\n<li>Acceptance of bills<\/li>\n\n\n\n<li>Promissory note<\/li>\n\n\n\n<li>Discounting of bills<\/li>\n\n\n\n<li>Rebate on bills<\/li>\n\n\n\n<li>Dishonour of bills<\/li>\n\n\n\n<li>Renewal of bills<\/li>\n\n\n\n<li>Retirement of bills<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-previous-year-question-papers\/?ref=contac-upsc-epfo-syll\" target=\"_blank\" rel=\"noreferrer noopener\">Download Free UPSC EPFO Previous Year Papers<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-should-you-study-under-final-accounts\"><span class=\"ez-toc-section\" id=\"What_should_you_study_under_Final_Accounts\"><\/span>What should you study under Final Accounts?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Final Accounts are prepared to understand the financial performance and position of a business. Candidates should understand the purpose and basic format of the Trading Account, Profit and Loss Account and Balance Sheet. They should also know how common adjustments affect final accounts.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Trading Account<\/li>\n\n\n\n<li>Gross profit and gross loss<\/li>\n\n\n\n<li>Profit and Loss Account<\/li>\n\n\n\n<li>Net profit and net loss<\/li>\n\n\n\n<li>Balance Sheet<\/li>\n\n\n\n<li>Assets and liabilities<\/li>\n\n\n\n<li>Closing stock<\/li>\n\n\n\n<li>Depreciation<\/li>\n\n\n\n<li>Outstanding expenses<\/li>\n\n\n\n<li>Prepaid expenses<\/li>\n\n\n\n<li>Accrued income<\/li>\n\n\n\n<li>Unearned income<\/li>\n\n\n\n<li>Basic adjustments in final accounts<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-financial-analysis-and-what-should-candidates-study\"><span class=\"ez-toc-section\" id=\"What_is_Financial_Analysis_and_what_should_candidates_study\"><\/span>What is Financial Analysis and what should candidates study?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Financial analysis helps in understanding the financial health and performance of an organisation. Candidates should focus mainly on basic ratio analysis and cash flow statements. It is useful to understand what each ratio indicates rather than only memorising formulas.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Area<\/strong><\/td><td><strong>Important Topics<\/strong><\/td><\/tr><tr><td><strong>Ratio Analysis<\/strong><\/td><td>Meaning, objectives and types of ratios<\/td><\/tr><tr><td><strong>Liquidity Ratios<\/strong><\/td><td>Current Ratio, Quick Ratio<\/td><\/tr><tr><td><strong>Profitability Ratios<\/strong><\/td><td>Gross Profit Ratio, Net Profit Ratio<\/td><\/tr><tr><td><strong>Solvency Ratios<\/strong><\/td><td>Debt-Equity Ratio and related concepts<\/td><\/tr><tr><td><strong>Cash Flow<\/strong><\/td><td>Meaning, purpose and major cash flow categories<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-should-you-study-under-auditing-for-upsc-epfo-apfc\"><span class=\"ez-toc-section\" id=\"What_should_you_study_under_Auditing_for_UPSC_EPFO_APFC\"><\/span>What should you study under Auditing for UPSC EPFO APFC?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Auditing focuses on the systematic examination of financial records and related information. Candidates should understand why an audit is conducted, how an audit is planned and how an auditor verifies financial transactions. Internal controls, audit evidence, vouching, verification and audit reports are important areas for preparation.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Topic<\/strong><\/td><td><strong>What to Study<\/strong><\/td><\/tr><tr><td><strong>Audit Fundamentals<\/strong><\/td><td>Meaning, nature, objectives, scope and importance of audit<\/td><\/tr><tr><td><strong>Types of Audit<\/strong><\/td><td>Different classifications and types of audit<\/td><\/tr><tr><td><strong>Audit Planning<\/strong><\/td><td>Audit strategy, planning and audit programme<\/td><\/tr><tr><td><strong>Audit Risk<\/strong><\/td><td>Risk assessment and basic audit risk concepts<\/td><\/tr><tr><td><strong>Internal Control<\/strong><\/td><td>Internal control systems and internal checks<\/td><\/tr><tr><td><strong>Vouching<\/strong><\/td><td>Meaning, objectives and examination of supporting documents<\/td><\/tr><tr><td><strong>Verification<\/strong><\/td><td>Verification of assets and liabilities<\/td><\/tr><tr><td><strong>Audit Procedures<\/strong><\/td><td>Audit evidence and basic audit techniques<\/td><\/tr><tr><td><strong>Company Audit<\/strong><\/td><td>Role and responsibilities of an auditor<\/td><\/tr><tr><td><strong>Audit Reports<\/strong><\/td><td>Types and basic contents of audit reports<\/td><\/tr><tr><td><strong>Standards of Auditing<\/strong><\/td><td>Selected important auditing standards<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-important-concepts-under-audit-planning-and-risk\"><span class=\"ez-toc-section\" id=\"What_are_the_important_concepts_under_Audit_Planning_and_Risk\"><\/span>What are the important concepts under Audit Planning and Risk?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Audit planning helps an auditor decide how the audit will be conducted and what areas require greater attention. Candidates should understand the meaning of audit strategy, audit planning and audit programme. Risk assessment and internal control are also important because they help the auditor identify areas where errors or fraud may occur.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Audit strategy<\/li>\n\n\n\n<li>Audit planning<\/li>\n\n\n\n<li>Audit programme<\/li>\n\n\n\n<li>Audit risk<\/li>\n\n\n\n<li>Risk assessment<\/li>\n\n\n\n<li>Internal control system<\/li>\n\n\n\n<li>Internal check<\/li>\n\n\n\n<li>Internal audit<\/li>\n\n\n\n<li>Audit evidence<\/li>\n\n\n\n<li>Errors and fraud<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/upsc-epfo-prep-kit\/?ref=contac-upsc-epfo-syll\" target=\"_blank\" rel=\"noreferrer noopener\">Download the UPSC EPFO Prep Kit<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-vouching-and-verification-in-auditing\"><span class=\"ez-toc-section\" id=\"What_is_Vouching_and_Verification_in_Auditing\"><\/span>What is Vouching and Verification in Auditing?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Vouching is the process of checking accounting entries with supporting documents to confirm that transactions are genuine and properly recorded. Verification focuses on checking the existence, ownership and value of assets and liabilities. Candidates should understand the difference between vouching and verification and the purpose of each process.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Concept<\/strong><\/td><td><strong>Meaning<\/strong><\/td><\/tr><tr><td><strong>Vouching<\/strong><\/td><td>Checking accounting transactions with supporting documents<\/td><\/tr><tr><td><strong>Verification<\/strong><\/td><td>Checking the existence, ownership and value of assets and liabilities<\/td><\/tr><tr><td><strong>Audit Evidence<\/strong><\/td><td>Information and documents used by an auditor to support audit conclusions<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-should-you-study-under-company-and-entity-audits\"><span class=\"ez-toc-section\" id=\"What_should_you_study_under_Company_and_Entity_Audits\"><\/span>What should you study under Company and Entity Audits?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Company audit deals with the examination of a company&#8217;s financial records and compliance with applicable requirements. Candidates should understand the basic role, duties and responsibilities of an auditor. They should also study how audits may differ for different types of entities.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Company audit<\/li>\n\n\n\n<li>Appointment and role of auditor<\/li>\n\n\n\n<li>Auditor&#8217;s duties and responsibilities<\/li>\n\n\n\n<li>Auditor independence<\/li>\n\n\n\n<li>Audit of different types of entities<\/li>\n\n\n\n<li>Audit reports<\/li>\n\n\n\n<li>Basic reporting requirements<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-should-you-study-under-insurance-for-upsc-epfo-apfc\"><span class=\"ez-toc-section\" id=\"What_should_you_study_under_Insurance_for_UPSC_EPFO_APFC\"><\/span>What should you study under Insurance for UPSC EPFO APFC?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Insurance is the third major part of this syllabus. Candidates should understand how insurance helps individuals and organisations manage financial risk. The focus should be on basic insurance concepts, important principles, types of insurance and the connection between insurance and social security.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Topic<\/strong><\/td><td><strong>What to Study<\/strong><\/td><\/tr><tr><td><strong>Basics of Insurance<\/strong><\/td><td>Meaning, definition, need and importance of insurance<\/td><\/tr><tr><td><strong>Risk<\/strong><\/td><td>Meaning of risk and relationship between risk and insurance<\/td><\/tr><tr><td><strong>Insurance Parties<\/strong><\/td><td>Insurer, insured, policyholder and beneficiary<\/td><\/tr><tr><td><strong>Insurance Process<\/strong><\/td><td>Policy, premium, claim and settlement<\/td><\/tr><tr><td><strong>Insurance Principles<\/strong><\/td><td>Utmost good faith, insurable interest, indemnity, contribution, subrogation, proximate cause and loss minimisation<\/td><\/tr><tr><td><strong>Life Insurance<\/strong><\/td><td>Term insurance, ULIPs, pension plans and money-back policies<\/td><\/tr><tr><td><strong>General Insurance<\/strong><\/td><td>Motor, home, fire and other general insurance products<\/td><\/tr><tr><td><strong>Social Security<\/strong><\/td><td>Role of insurance in social protection and welfare<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-principles-of-insurance-that-candidates-should-prepare\"><span class=\"ez-toc-section\" id=\"What_are_the_principles_of_insurance_that_candidates_should_prepare\"><\/span>What are the principles of insurance that candidates should prepare?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Insurance principles explain the basic rules on which an insurance contract works. These principles are important because they help candidates understand when an insurance claim is valid and how the liability of the insurer is decided. Questions can test both the meaning of a principle and its practical application. Important principles of insurance<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Utmost Good Faith:<\/strong> Both parties should disclose all important facts honestly.<\/li>\n\n\n\n<li><strong>Insurable Interest:<\/strong> The insured must have a financial or legal interest in the subject matter.<\/li>\n\n\n\n<li><strong>Indemnity:<\/strong> Insurance aims to compensate the actual financial loss, subject to policy terms.<\/li>\n\n\n\n<li><strong>Proximate Cause:<\/strong> The main and effective cause of the loss is considered while deciding a claim.<\/li>\n\n\n\n<li><strong>Subrogation:<\/strong> After paying a claim, the insurer may obtain certain rights of the insured against a third party.<\/li>\n\n\n\n<li><strong>Contribution:<\/strong> When the same risk is covered by more than one insurer, insurers may share the loss.<\/li>\n\n\n\n<li><strong>Loss Minimisation:<\/strong> The insured should take reasonable steps to reduce or prevent the loss.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-types-of-insurance-covered-in-the-syllabus\"><span class=\"ez-toc-section\" id=\"What_are_the_types_of_insurance_covered_in_the_syllabus\"><\/span>What are the types of insurance covered in the syllabus?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Candidates should understand the broad difference between life insurance and general insurance. They should also know the purpose and basic features of common insurance products. Insurance concepts related to pension and social security are particularly relevant for EPFO-related preparation.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Type<\/strong><\/td><td><strong>Important Areas<\/strong><\/td><\/tr><tr><td><strong>Life Insurance<\/strong><\/td><td>Term insurance, ULIPs, pension plans and money-back policies<\/td><\/tr><tr><td><strong>Motor Insurance<\/strong><\/td><td>Coverage related to vehicles and third-party risks<\/td><\/tr><tr><td><strong>Home Insurance<\/strong><\/td><td>Protection against specified risks related to property<\/td><\/tr><tr><td><strong>Fire Insurance<\/strong><\/td><td>Coverage against specified fire-related losses<\/td><\/tr><tr><td><strong>Other General Insurance<\/strong><\/td><td>Basic concepts of non-life insurance products<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-are-insurance-and-social-security-related\"><span class=\"ez-toc-section\" id=\"How_are_Insurance_and_Social_Security_related\"><\/span>How are Insurance and Social Security related?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Insurance plays an important role in providing financial protection against risks such as death, disability, illness, accidents and loss of income. Social security schemes use similar principles to provide protection to workers and their families. Candidates preparing for EPFO should therefore connect basic insurance concepts with broader social security and welfare measures.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Role of insurance in social security<\/li>\n\n\n\n<li>Insurance and financial protection<\/li>\n\n\n\n<li>Public and private insurance schemes<\/li>\n\n\n\n<li>Social security insurance<\/li>\n\n\n\n<li>Insurance coverage in India<\/li>\n\n\n\n<li>Emerging insurance concepts<\/li>\n\n\n\n<li>Relationship between insurance and employee welfare<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/upsc-epfo-apfc\/?ref=contac-upsc-epfo-syll\" target=\"_blank\" rel=\"noreferrer noopener\">Enroll  for UPSC EPFO APFC Online Courses<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-additional-topics-to-prepare-under-accountancy\"><span class=\"ez-toc-section\" id=\"What_are_the_additional_topics_to_prepare_under_Accountancy\"><\/span>What are the additional topics to prepare under Accountancy?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Along with the core accounting topics, candidates should cover a few additional areas that can strengthen their preparation. These topics include cost accounting, inventory management, taxation and basic concepts related to business restructuring. Candidates should focus on basic concepts and terminology rather than going into advanced professional-level study.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Topic<\/strong><\/td><td><strong>Important Areas<\/strong><\/td><\/tr><tr><td><strong>Cost Accounting<\/strong><\/td><td>Meaning, objectives and basic cost concepts<\/td><\/tr><tr><td><strong>Inventory Management<\/strong><\/td><td>Meaning, control and basic inventory methods<\/td><\/tr><tr><td><strong>Taxation<\/strong><\/td><td>General taxation concepts and recent basic updates<\/td><\/tr><tr><td><strong>Amalgamation<\/strong><\/td><td>Meaning and basic accounting treatment<\/td><\/tr><tr><td><strong>Absorption<\/strong><\/td><td>Meaning and basic concept<\/td><\/tr><tr><td><strong>Internal Reconstruction<\/strong><\/td><td>Meaning and purpose<\/td><\/tr><tr><td><strong>Non-Profit Organisations<\/strong><\/td><td>Basic accounting concepts<\/td><\/tr><tr><td><strong>Joint Venture<\/strong><\/td><td>Meaning, features and basic accounting treatment<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-most-important-topics-for-upsc-epfo-accountancy-auditing-and-insurance\"><span class=\"ez-toc-section\" id=\"What_are_the_most_important_topics_for_UPSC_EPFO_Accountancy_Auditing_and_Insurance\"><\/span>What are the most important topics for UPSC EPFO Accountancy, Auditing and Insurance?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Candidates should prioritise topics that combine basic concepts with practical application. Accountancy requires more practice, while Auditing and Insurance require strong conceptual understanding. A balanced preparation strategy can help candidates cover this broad section without spending too much time on advanced topics.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Priority<\/strong><\/td><td><strong>Topics to Focus On<\/strong><\/td><\/tr><tr><td><strong>High Priority<\/strong><\/td><td>\u2022 Accounting principles and basic concepts<br>\u2022 Rules of debit and credit<br>\u2022 Journal and ledger<br>\u2022 Trial balance and accounting errors<br>\u2022 Final accounts<br>\u2022 Audit fundamentals and objectives<br>\u2022 Internal control systems<br>\u2022 Vouching and verification<br>\u2022 Basic principles of insurance<\/td><\/tr><tr><td><strong>Moderate Priority<\/strong><\/td><td>\u2022 Bills of exchange and promissory notes<br>\u2022 Accounting standards<br>\u2022 Ratio analysis<br>\u2022 Cash flow statement<br>\u2022 Company audit and auditor\u2019s role<br>\u2022 Audit reports<br>\u2022 Life insurance and general insurance<\/td><\/tr><tr><td><strong>Revision Area<\/strong><\/td><td>\u2022 Basics of cost accounting<br>\u2022 Inventory management<br>\u2022 General taxation basics<br>\u2022 Amalgamation and absorption<br>\u2022 Internal reconstruction<br>\u2022 Joint venture accounting<br>\u2022 Accounting for non-profit organisations<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-can-candidates-prepare-for-accountancy-auditing-and-insurance-for-upsc-epfo-apfc\"><span class=\"ez-toc-section\" id=\"How_can_candidates_prepare_for_Accountancy_Auditing_and_Insurance_for_UPSC_EPFO_APFC\"><\/span>How can candidates prepare for Accountancy, Auditing and Insurance for UPSC EPFO APFC?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Candidates should divide this section into three parts and follow a step-by-step approach. Start Accountancy with basic concepts and practise simple transactions before moving to final accounts and financial analysis. For Auditing, focus on definitions, procedures, internal controls and practical situations. For Insurance, learn the principles and types of insurance with simple examples.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Start with basics:<\/strong> Build a clear understanding of accounting and insurance terminology.<\/li>\n\n\n\n<li><strong>Practise accounting questions:<\/strong> Solve journal, ledger, trial balance and final account-based questions.<\/li>\n\n\n\n<li><strong>Learn through examples:<\/strong> Connect audit and insurance principles with practical situations.<\/li>\n\n\n\n<li><strong>Revise important terms:<\/strong> Prepare short notes for accounting, auditing and insurance definitions.<\/li>\n\n\n\n<li><strong>Use previous-year questions:<\/strong> Identify the type and level of questions asked in the examination.<\/li>\n\n\n\n<li><strong>Revise regularly:<\/strong> Keep separate revision lists for Accountancy, Auditing and Insurance.<\/li>\n\n\n\n<li><strong>Take mock tests:<\/strong> Practise mixed questions to improve speed and accuracy.<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/upsc-epfo-apfc-study-plan\/?ref=contac-upsc-epfo-syll\" target=\"_blank\" rel=\"noreferrer noopener\">Check out the UPSC EPFO Study Plan<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-the-upsc-epfo-apfc-exam-pattern-2026\"><span class=\"ez-toc-section\" id=\"What_is_the_UPSC_EPFO_APFC_exam_pattern_2026\"><\/span>What is the UPSC EPFO APFC exam pattern 2026?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The UPSC EPFO APFC Recruitment Test is an objective examination conducted in pen-and-paper mode. The Recruitment Test carries 300 marks and has a duration of two hours, with a one-third penalty for every wrong answer. The selection process also includes an interview, and the notified weightage is 75% for the Recruitment Test and 25% for the interview.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Particular<\/strong><\/td><td><strong>Details<\/strong><\/td><\/tr><tr><td><strong>Exam<\/strong><\/td><td>UPSC EPFO APFC Recruitment Test<\/td><\/tr><tr><td><strong>Mode<\/strong><\/td><td>Pen and Paper<\/td><\/tr><tr><td><strong>Type of Questions<\/strong><\/td><td>Objective Type<\/td><\/tr><tr><td><strong>Duration<\/strong><\/td><td>2 Hours<\/td><\/tr><tr><td><strong>Total Marks<\/strong><\/td><td>300 Marks<\/td><\/tr><tr><td><strong>Medium<\/strong><\/td><td>Hindi and English<\/td><\/tr><tr><td><strong>Negative Marking<\/strong><\/td><td>1\/3rd mark for each wrong answer<\/td><\/tr><tr><td><strong>Interview<\/strong><\/td><td>100 Marks<\/td><\/tr><tr><td><strong>Weightage<\/strong><\/td><td>RT: 75%, Interview: 25%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-when-will-the-upsc-epfo-apfc-recruitment-test-2026-be-conducted\"><span class=\"ez-toc-section\" id=\"When_will_the_UPSC_EPFO_APFC_Recruitment_Test_2026_be_conducted\"><\/span>When will the UPSC EPFO APFC Recruitment Test 2026 be conducted?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The UPSC EPFO APFC Recruitment Test 2026 is scheduled to be conducted on <strong>20 December 2026<\/strong>. The official UPSC recruitment advertisement for APFC is Special Advertisement No. 52\/2026. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1788936119336\"><strong class=\"schema-faq-question\">1. What is the Accountancy syllabus for UPSC EPFO APFC?<\/strong> <p class=\"schema-faq-answer\">It covers accounting basics, journal, ledger, trial balance, final accounts, accounting standards, financial analysis and related topics.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1788936120829\"><strong class=\"schema-faq-question\">2. <strong>What topics are covered in Auditing?<\/strong><\/strong> <p class=\"schema-faq-answer\">Auditing covers audit fundamentals, planning, risk, internal controls, vouching, verification, company audit and audit reports.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1788936121564\"><strong class=\"schema-faq-question\">3. What are the important Insurance principles for APFC?<\/strong> <p class=\"schema-faq-answer\">Candidates should study utmost good faith, insurable interest, indemnity, proximate cause, subrogation, contribution and loss minimisation.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1788936122426\"><strong class=\"schema-faq-question\">4. <strong>What types of Insurance should candidates study?<\/strong><\/strong> <p class=\"schema-faq-answer\">Candidates should cover life insurance and general insurance, including motor, home and fire insurance.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1788936122959\"><strong class=\"schema-faq-question\">5. Is Auditing important for UPSC EPFO APFC?<\/strong> <p class=\"schema-faq-answer\">Yes, candidates should prepare auditing fundamentals, internal controls, vouching, verification and audit reports.<\/p> <\/div> <\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n<ul class=\"wp-block-latest-posts__list is-grid columns-3 wp-block-latest-posts\"><li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-general-science-and-computer-application-syllabus\/\">UPSC EPFO General Science &amp; Basic Computer Application Syllabus 2026<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-andinsurance-syllabus\/\">UPSC EPFO Principles of Accountancy, Auditing and Insurance Syllabus 2026<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-study-plan\/\">UPSC EPFO APFC Study Plan 2026, Check Details<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-selection-process\/\">UPSC EPFO Selection Process 2026 for APFC Post, Check Details<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-previous-year-question-papers\/\">UPSC EPFO PYPs, Download EPFO APFC Free Previous Year Papers<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-old-labour-laws-vs-new-labour-codes\/\">Old Labour Laws vs New Labour Codes for UPSC EPFO APFC 2026<\/a><\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>The UPSC EPFO Principles of Accountancy, Auditing and Insurance Syllabus 2026 is an important part of the Assistant Provident Fund<\/p>\n","protected":false},"author":58,"featured_media":251134,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10321],"tags":[],"class_list":["post-251130","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-upsc-epfo","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>UPSC EPFO Principles of Accountancy, Auditing and Insurance Syllabus 2026<\/title>\n<meta name=\"description\" content=\"Prepare for the APFC RT with a detailed understanding of the UPSC EPFO Principles of Accountancy Auditing and Insurance Syllabus.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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What is the Accountancy syllabus for UPSC EPFO APFC?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"It covers accounting basics, journal, ledger, trial balance, final accounts, accounting standards, financial analysis and related topics.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-andinsurance-syllabus\/#faq-question-1788936120829","position":2,"url":"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-andinsurance-syllabus\/#faq-question-1788936120829","name":"2. What topics are covered in Auditing?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Auditing covers audit fundamentals, planning, risk, internal controls, vouching, verification, company audit and audit reports.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-andinsurance-syllabus\/#faq-question-1788936121564","position":3,"url":"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-andinsurance-syllabus\/#faq-question-1788936121564","name":"3. What are the important Insurance principles for APFC?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Candidates should study utmost good faith, insurable interest, indemnity, proximate cause, subrogation, contribution and loss minimisation.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-andinsurance-syllabus\/#faq-question-1788936122426","position":4,"url":"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-andinsurance-syllabus\/#faq-question-1788936122426","name":"4. What types of Insurance should candidates study?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Candidates should cover life insurance and general insurance, including motor, home and fire insurance.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-andinsurance-syllabus\/#faq-question-1788936122959","position":5,"url":"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-principles-of-accountancy-auditing-andinsurance-syllabus\/#faq-question-1788936122959","name":"5. Is Auditing important for UPSC EPFO APFC?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes, candidates should prepare auditing fundamentals, internal controls, vouching, verification and audit reports.","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/posts\/251130","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/users\/58"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/comments?post=251130"}],"version-history":[{"count":1,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/posts\/251130\/revisions"}],"predecessor-version":[{"id":251135,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/posts\/251130\/revisions\/251135"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/media\/251134"}],"wp:attachment":[{"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/media?parent=251130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/categories?post=251130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/tags?post=251130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}