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PFRDA Recruitment: How to Prepare for Finance and Accounts Stream?

The Pension Fund Regulatory and Development Authority or PFRDA released its official notification on August 12, 2021, for the recruitment of officers in Grade ‘A’.  The online application window is open till September 16, 2021. So, if you want to apply, you should do that immediately without further delay. 

A total of 14 vacancies have been announced, 5 for the Generalist post and 9 for Specialist Officers. Take a look at all the PFRDA vacancies for 2021. Since the exam pattern for all the streams is the same, first let us look at the exam pattern in brief before we move on to understand how we can prepare for each stream. 

If you are preparing for more than one stream for this recruitment cycle, we have prepared some tips on how you can prepare for all the streams together!

PFRDA Recruitment

PFRDA Recruitment Exam Pattern 

Those aspirants looking to clear the PFRDA Exam need to be aware of the exam pattern. We have provided you a detailed look at the exam pattern below.

The exam is conducted in 3 phases. 

Paper 1 is common for all streams in both Phase 1 and Phase 2. Similarly, Paper 2 is stream-specific in both Phase 1 and Phase 2. In essence, 2 out of 4 papers are the same for all candidates. The other 2 papers will test them on their professional knowledge, this case Finance & Accounts. 

Candidates will be invited for the Interview based on their performance in Phase 2. The final merit is announced based on 85% marks obtained in the PFRDA Exam Phase 2 and 15% of marks earned in the Interview.

Take a look at the PFRDA syllabus for all the streams. 

PFRDA Recruitment Finance & Accounts Syllabus 

For anyone hoping to clear the PFRDA Finance & Accounts Exam, they need to be aware of the PFRDA Exam Pattern and Syllabus for a detailed understanding of the exam. The detailed syllabus for the PFRDA Finance & Accounts exam has been given below.

SubjectsSyllabus 
The Basic Financial StatementTrial Balance
Balance Sheet, Cash Flow Statement, Income Statement
Analysis of Financial Statement Ratio, Break Even Analysis, IND AS, Standard on Auditing
Cost accounting concepts (basics)
Marginal costing, Cost volume profit analysis, Cost sheet, Forecasting
Management accounting
Cost of capital, Capital structure, Capital budgeting, Sources of finance, corporate accounting
Business Law
Negotiable instruments
Important Acts: Contract act, Partnership act, Company law, Income Tax Act, GST
Knowledge of IT and Digital Transaction, Compliance of KYC Norms
Financial System: Role and Functions of Regulatory bodies in Financial Sector, Financial Markets: Primary and Secondary Markets (Forex, Money, Bond, Equity, etc.), functions, instruments, recent developments.
Basics of Derivatives: Forward, Futures and Swap, Recent Developments in the Financial Sector, Financial Inclusion- use of technology, Alternate source of finance, private and social cost-benefit, Public-Private Partnership, Direct and Indirect taxes; Non-tax sources of Revenue, Finance Commission, Fiscal Policy, Fiscal, Responsibility and Budget Management Act (FRBM)
Inflation: Definition, trends, estimates, consequences, and remedies (control)
WPI, CPI – components and trends
Economics: Capital market, Money market, Micro and macroeconomics concepts and Updates related to money market and RBI policies

Please note, the syllabus is the same for both phases of the exam. 

PFRDA Recruitment Finance & Accounts Preparation Strategy 

Although the exam dates have not yet been announced, this is not an excuse to procrastinate. Instead, you should use this time to the fullest to prepare well for this exceedingly important exam of your life. We have laid down a blueprint for a preparation strategy that you should refer to and customize to your needs. 

Use this plan to excel at this exam. 

If you prepared for or have been preparing for the SEBI Grade A exam, then you should also prepare for this exam as the syllabi is largely the same.

PFRDA Recruitment Finance & Accounts Important Books

If you are preparing for the PFRDA Finance & Accounts Exam, you definitely need to know some of the important books that will help you clear the exam easily. We have compiled a list of books that will help you prepare for the exam. 

BookAuthor
Padhuka’s Basics of General EconomicsG. Shekhar
Interest Rates and Inflation in India: Issues and Concerns K.R Gupta
Financial management I M Pandey 
Financial management: Theory and Practice Prasanna Chandra
Cost accountingGrewal and Gupta
Financial Accounting Essentials You Always Wanted to Know`Kalpesh Ashar
Padhuka’s Students’ Handbook on Auditing & Assurance G.Sekar and Saravana Prasad
Management Accounting R.S.N. Pillai and V. Bagavathi

Other Resources

You should also take a look at some of these other resources as you prepare for your exam. 

ixamBee: Your Holistic Study Resource

However, only self-study will not be sufficient for an exam as challenging and competitive as this. What you also need is step-by-step guidance and some assistance to ensure that you clear this exam with flying colours. Since the openings are few in number, you cannot take any risk or leave any room for callousness. 

This is why, what you need is ixamBee! Our exhaustive PFRDA Finance and Accounts Online Course has been curated just for you! Our course will provide you with: 

We hope you will make the most of this opportunity and fill in an application for the PFRDA exam. For any assistance and queries, ixamBee is here for you. 

Team ixamBee wishes you all the very best!

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