{"id":1040,"date":"2024-06-21T12:33:54","date_gmt":"2024-06-21T12:33:54","guid":{"rendered":"https:\/\/upscmentorship.com\/upsc-exam\/?p=1040"},"modified":"2024-07-18T08:08:40","modified_gmt":"2024-07-18T08:08:40","slug":"upsc-commerce-and-accountancy-syllabus","status":"publish","type":"post","link":"https:\/\/upscmentorship.com\/upsc-exam\/upsc-commerce-and-accountancy-syllabus\/","title":{"rendered":"UPSC Commerce and Accountancy Syllabus"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 ez-toc-wrap-left 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 Contents<\/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:\/\/upscmentorship.com\/upsc-exam\/upsc-commerce-and-accountancy-syllabus\/#UPSC_Commerce_and_Accountancy_Syllabus\" >UPSC Commerce and Accountancy Syllabus<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/upscmentorship.com\/upsc-exam\/upsc-commerce-and-accountancy-syllabus\/#UPSC_Commerce_and_Accountancy_Syllabus_for_Paper_1\" >UPSC Commerce and Accountancy Syllabus for Paper 1<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/upscmentorship.com\/upsc-exam\/upsc-commerce-and-accountancy-syllabus\/#UPSC_Commerce_and_Accountancy_Syllabus_for_Paper_2\" >UPSC Commerce and Accountancy Syllabus for Paper 2<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/upscmentorship.com\/upsc-exam\/upsc-commerce-and-accountancy-syllabus\/#UPSC_Commerce_and_Accountancy_Syllabus_Preparation_Tips\" >UPSC Commerce and Accountancy Syllabus: Preparation Tips<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/upscmentorship.com\/upsc-exam\/upsc-commerce-and-accountancy-syllabus\/#Commerce_and_Accountancy_Optional_Recommended_Books_for_UPSC_Preparation\" >Commerce and Accountancy Optional Recommended Books for UPSC Preparation<\/a><\/li><\/ul><\/nav><\/div>\n<p><b>UPSC Commerce and Accountancy Syllabus: <\/b><span style=\"font-weight: 400;\">Candidates with a background in finance or business tend to favor the optional courses in commerce and accounting. Accounting is the study of recording, organizing, and reporting business activities; commerce is the exchange of goods and services.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The optional commerce and accounting papers are worth 250 marks. Accounting and finance are the main topics of Paper I, whereas organization, human resources, and industrial relations are the main topics of Paper II. The UPSC CSE Commerce and Accountancy Optional syllabus, books, and preparation advice are all included in this post.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"UPSC_Commerce_and_Accountancy_Syllabus\"><\/span><b>UPSC Commerce and Accountancy Syllabus<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The optional course for accounting and commerce is technical. Furthermore, the syllabus for Commerce and Accountancy is longer than those of other courses, even though the topics themselves are concise. Interested subjects including accounting, finance, markets, taxes, and human resource management are covered in the syllabus for candidates.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">After taking this subject, candidates should keep the PDF of the optional syllabus for commerce and accounting on their desks as they start to prepare for the UPSC Mains. The comprehensive syllabus for Paper 1 and Paper 2 can be found here:<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"UPSC_Commerce_and_Accountancy_Syllabus_for_Paper_1\"><\/span><b>UPSC Commerce and Accountancy Syllabus for Paper 1<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The Accounting and Trade The first paper covers accounting and finance-related subjects. Other subtopics might be covered under these two main issues. The Paper I syllabus is listed in the table below:<\/span><\/p>\n<div class=\"specl\">\n<table>\n<tbody>\n<tr>\n<td colspan=\"2\"><b>UPSC Commerce and Accountancy Syllabus for Paper 1<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Topics\u00a0<\/b><\/td>\n<td><b>Subtopics<\/b><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\"><b>Accounting, Taxation &amp; Auditing<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>1. Financing Accounting<\/b><\/td>\n<td>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Accounting as a financial information system; Impact of behavioral sciences. <\/span><b>Accounting Standards<\/b><span style=\"font-weight: 400;\"> e.g., accounting for Depreciation, Inventories, Research and Development Costs, Long-term Construction Contracts, Revenue Recognition, Fixed Assets, Contingencies, <\/span><b>Foreign Exchange Transactions,<\/b><span style=\"font-weight: 400;\"> Investments and Government Grants, Cash Flow Statement, Earnings per Share.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Accounting for Share Capital Transactions including Bonus Shares, Right Shares.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Employees Stock Options and Buy-Back of Securities.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Preparation and Presentation of Company Final Accounts.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Amalgamations, Absorption, and Reconstruction of Companies.<\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">2. Cost Accounting<\/span><\/td>\n<td>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Nature and functions of cost accounting<\/b><span style=\"font-weight: 400;\">. Installation of Cost Accounting System. Cost Concepts related to <\/span><b>Income Measurement,<\/b><span style=\"font-weight: 400;\"> Profit Planning, Cost Control, and Decision Making.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Methods of Costing:<\/b><span style=\"font-weight: 400;\"> Job Costing, Process Costing, Activity Based Costing. Volume-cost-Profit Relationship as a Tool of Profit Planning.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Incremental Analysis\/Differential Costing<\/b><span style=\"font-weight: 400;\"> as a Tool for Pricing Decisions, Product Decisions, Make or Buy Decisions, Shut-Down Decisions, etc.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Techniques of Cost Control and Cost Reduction<\/b><span style=\"font-weight: 400;\">: Budgeting as a Tool of Planning and Control. Standard Costing and Variance Analysis.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Responsibility Accounting and Divisional Performance Measurement.<\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">3. Taxation\u00a0<\/span><\/td>\n<td>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Income Tax: <\/b><span style=\"font-weight: 400;\">Definitions. Basis of charge; Incomes which do not form part of total income.\u00a0 <\/span><b>Simple problems of computation of income<\/b><span style=\"font-weight: 400;\"> (of individuals only) under various heads, i.e., salaries, income from house property, profits and gains from business or profession, capital gains, income from other sources, Income of other persons included in assessee\u2019s total income.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Set-off and Carry forward of Loss.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Deductions from gross Total Income.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Salient Features\/Provisions Related to <\/span><b>VAT and Services Tax<\/b><span style=\"font-weight: 400;\">.<\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">4. Auditing\u00a0<\/span><\/td>\n<td>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Company Audit:<\/b><span style=\"font-weight: 400;\"> Audit related to Divisible Profits, Dividends, Special investigations, Tax audit.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Audit of banking<\/b><span style=\"font-weight: 400;\">, Insurance, Non-Profit Organizations, and Charitable societies\/Trusts\/Organizations.<\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\"><b>Financial Management, Financial Institutions and Markets\u00a0<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">1. Financial Management<\/span><\/td>\n<td>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Finance Function: <\/b><span style=\"font-weight: 400;\">Nature, Scope, and Objectives of Financial Management, Risk and Return Relationship.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Tools of Financial Analysis<\/b><span style=\"font-weight: 400;\">: Ratio Analysis, Funds-Flow, and Cash-Flow Statement.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Capital Budgeting Decisions: <\/b><span style=\"font-weight: 400;\">Process, Procedures and Appraisal Methods. Risk and Uncertainty Analysis and Methods.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Cost of Capital:<\/b><span style=\"font-weight: 400;\"> Concept, Computation of Specific Costs, and Weighted Average Cost of Capital. CAPM is a tool for Determining the Cost of Equity Capital.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Financing Decisions:<\/b><span style=\"font-weight: 400;\"> Theories of Capital Structure\u2014Net Income (NI) Approach,\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Net Operating Income (NOI) Approach, MM Approach and Traditional Approach. <\/span><b>Designing of Capital structure: <\/b><span style=\"font-weight: 400;\">Types of Leverages (Operating, Financial, and Combined), EBIT-EPS Analysis, and other factors.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Dividend Decisions and Valuation of Firm<\/b><span style=\"font-weight: 400;\">: Walter\u2019s Model, MM Thesis, Gordan\u2019s Model, Lintner\u2019s Model. Factors Affecting Dividend Policy.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Working Capital Management:<\/b><span style=\"font-weight: 400;\"> Planning of Working Capital. Determinants of Working Capital. <\/span><b>Components of Working Capital<\/b><span style=\"font-weight: 400;\">\u2014Cash, Inventory, and Receivables.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Corporate Restructuring<\/b><span style=\"font-weight: 400;\"> with a focus on Mergers and Acquisitions (Financial aspect only).\u00a0<\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">2. Financial Markets and Institutions<\/span><\/td>\n<td>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Indian Financial System:<\/b><span style=\"font-weight: 400;\"> An Overview<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Money Markets: <\/b><span style=\"font-weight: 400;\">Participants, Structure, and Instruments. Commercial Banks. Reforms in the Banking Sector. Monetary and Credit Policy of RBI. RBI as a Regulator.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Capital Market:<\/b><span style=\"font-weight: 400;\"> Primary and Secondary Market. Financial Market Instruments and Innovative Debt Instruments. SEBI as a Regulator.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Financial Services: <\/b><span style=\"font-weight: 400;\">Mutual Funds, Venture Capital, Credit Rating Agencies, Insurance and IRDA.\u00a0<\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"UPSC_Commerce_and_Accountancy_Syllabus_for_Paper_2\"><\/span><b>UPSC Commerce and Accountancy Syllabus for Paper 2<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Paper II on Commerce and Accountancy covers a wide range of topics, from industrial relations to organization theory. Candidates must apply the ideas they have studied in this course to organizational and human resource management. The second paper&#8217;s syllabus is as follows:<\/span><\/p>\n<div class=\"specl\">\n<table>\n<tbody>\n<tr>\n<td colspan=\"2\"><b>UPSC Commerce and Accountancy Syllabus for Paper 2<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Topics\u00a0<\/b><\/td>\n<td><b>Subtopics<\/b><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\"><b>Organization Theory and Behaviour\u00a0<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">1. Organisation Theory\u00a0<\/span><\/td>\n<td>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Nature and Concept of Organisation: <\/b><span style=\"font-weight: 400;\">External Environment of Organisation\u2014Technological, Social, Political, Economic and Legal, Organizational Goals Primary and Secondary Goals, Single and Multiple Goals, Management by Objectives.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Evolution of Organisation Theory:<\/b><span style=\"font-weight: 400;\"> Classical Neo-classical and system approach.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Modern Concepts of Organisation Theory<\/b><span style=\"font-weight: 400;\">: Organisational Design, Organisational Structure and Organisational Culture.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Organisational Design<\/b><span style=\"font-weight: 400;\">\u2014Basic Challenges, Differentiation and Integration Process, Centralization and Decentralization Process, Standardization\/Formalization and Mutual Adjustment.\u00a0 Coordinating Formal and Informal Organizations.\u00a0 Mechanistic and Organic Structures.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Designing Organizational structures<\/b><span style=\"font-weight: 400;\">\u2014Authority and Control, Line and Staff Functions, Specialization and Coordination.\u00a0 <\/span><b>Types of Organization Structure<\/b><span style=\"font-weight: 400;\">\u2014Functional. Matrix Structure, Project Structure. Nature and Basis of Power, Sources of Power, Power Structure and Politics. Impact of Information Technology on Organizational Design and Structure.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Managing Organizational Culture<\/b><span style=\"font-weight: 400;\">.\u00a0<\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">2. Organisation Behaviour<\/span><\/td>\n<td>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Meaning and Concept<\/b><span style=\"font-weight: 400;\">: Individual in organization; Personality, Theories, and Determinants; Perception Meaning and Process.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Motivation:<\/b><span style=\"font-weight: 400;\"> Concepts, Theories and Applications. <\/span><b>Leadership<\/b><span style=\"font-weight: 400;\">\u2014Theories and Styles. <\/span><b>Quality of Work Life (QWL)<\/b><span style=\"font-weight: 400;\">: Meaning and its Impact on Performance, Ways of its Enhancement. <\/span><b>Quality Circles (QC)<\/b><span style=\"font-weight: 400;\">\u2014Meaning and their Importance. Management of Conflicts in Organizations. Transactional Analysis, Organizational Effectiveness, Management of Change.<\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\"><b>Human Resources Management and Industrial Relations\u00a0<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">1. Human Resources Management (HRM)\u00a0<\/span><\/td>\n<td>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Meaning Nature and Scope<\/b><span style=\"font-weight: 400;\"> of HRM, Human Resource Planning, Job Analysis, Job Description, Job Specification,<\/span><b> Recruitment Process, <\/b><span style=\"font-weight: 400;\">Selection Process, Orientational and Placement, <\/span><b>Training and Development<\/b><span style=\"font-weight: 400;\"> Process Performance Appraisal and 360\u00b0 Feedback Salary and Wage Administration, Job Evaluation, <\/span><b>Employee Welfare<\/b><span style=\"font-weight: 400;\">, Promotions, Transfers and Separations.\u00a0<\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">2. Industrial Relations (IR)\u00a0<\/span><\/td>\n<td>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Meaning, Nature, Importance,<\/b><span style=\"font-weight: 400;\"> and Scope of IR, Formation of <\/span><b>Trade Union,<\/b><span style=\"font-weight: 400;\"> Trade Union Legislation, Trade Union Movement in India, Recognition of Trade Unions, Problems of Trade Unions in India, Impact of Liberalization on Trade Union Movement.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Nature of Industrial Disputes:<\/b><span style=\"font-weight: 400;\"> Strikes and Lockouts, Causes of Disputes, Prevention and Settlement of Disputes.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Worker\u2019s Participation in Management: <\/b><span style=\"font-weight: 400;\">Philosophy, Rationale, Present Day Status and Future Prospects.<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Adjudication and Collective Bargaining, <\/b><span style=\"font-weight: 400;\">Industrial Relations in Public Enterprises, Absenteeism, and Labour Turnover in Indian Industries and their Causes and Remedies.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>ILO and its Functions.\u00a0<\/b><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"UPSC_Commerce_and_Accountancy_Syllabus_Preparation_Tips\"><\/span><b>UPSC Commerce and Accountancy Syllabus: Preparation Tips<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">There are several revisions and a lot of reading involved in the Commerce and Accountancy Optional. Candidates who choose to pursue this optional topic should start preparing as soon as possible. The Commerce and Accountancy Optional asks questions on both theoretical and numerical principles, so the main tactic should be to allow enough time for the practice portion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The following is the plan of preparation for the optional subjects of commerce and accounting:<\/span><\/p>\n<p><b>Start with the syllabus:<\/b><span style=\"font-weight: 400;\"> Ensure that you have a thorough understanding of every topic on the syllabus before moving on. This will assist in choosing the reading list and creating a study schedule.<\/span><\/p>\n<p><b>Seek the Assistance of Mentors: <\/b><span style=\"font-weight: 400;\">Enroll in a reputable accounting and commerce program Taking optional tutoring can help you learn how to answer UPSC&#8217;s main questions and cover the entire syllabus.<\/span><\/p>\n<p><b>Emphasis Fundamental Ideas:<\/b><span style=\"font-weight: 400;\"> Don&#8217;t be afraid to read NCERT books because they lay a solid basis. These works can assist you in developing a strong grasp of fundamental and static concepts, even if your background is comparable to mine.<\/span><\/p>\n<p><b>See Quality Study Material: <\/b><span style=\"font-weight: 400;\">To study the advanced themes of the Commerce and Accountancy Optional syllabus, you need to choose the appropriate books. Examine this booklist, which has been recommended by mentors and outstanding performers.<\/span><\/p>\n<p><b>Keep Up with Current Events:<\/b><span style=\"font-weight: 400;\"> The most recent developments, including the budget, adjustments to tax laws, and the results of the economic survey, should be known to candidates. The application of current events is required for a significant portion of the optional paper on commerce and accounting.\u00a0<\/span><\/p>\n<p><b>Take Notes and Rewrite Several Times:<\/b><span style=\"font-weight: 400;\"> Applicants should take brief notes on subjects because it will be difficult to revise large papers at the last minute. To help with revision, toppers advise creating your optional notes for accounting and commerce.<\/span><\/p>\n<p><b>Complete Test Series and PYQs:<\/b><span style=\"font-weight: 400;\"> To comprehend the requirements of the exam, candidates must complete the optional commerce and accounting papers from the previous ten years. Afterward, enroll in a reputable test series to gain experience writing responses so that you can finish the assignment in the allotted three hours.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Commerce_and_Accountancy_Optional_Recommended_Books_for_UPSC_Preparation\"><\/span><b>Commerce and Accountancy Optional Recommended Books for UPSC Preparation<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The selection of books can have a big impact on how well you prepare. The vastness of the Commerce and Accountancy syllabus means that applicants must make sure they consult only a small number of books covering every subject. The following is a typical reading list for the UPSC optional course on commerce and accounting:<\/span><\/p>\n<div class=\"specl\">\n<table>\n<tbody>\n<tr>\n<td colspan=\"2\"><b>Commerce and Accountancy Optional Books<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Paper<\/b><\/td>\n<td><b>Books<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Paper 1\u00a0<\/span><\/td>\n<td>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Accounting Corporate Accounting\u2013 Naseem Ahmed<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Accounting Standards- D. S. Rawat<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Auditing Students\u2019 Guide to Auditing- Aruna Jha<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Income Tax book- V.K. Singhania or Girish Ahuja<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Cost Accounting: Theory &amp; Problems \u2013 Maheshwari &amp; Mittal<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Financial Management: Text and Problems- Khan and Jain<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Indian Financial System- M.Y. Khan<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Financial Institutions &amp; Markets- L.M. Bhole<\/span><\/li>\n<\/ol>\n<\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Paper 2<\/span><\/td>\n<td>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Human Resource Management- C.B. Gupta<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Industrial Relations- T.N. Chabra and R.K. Suri<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Dynamics of Industrial Relations- C.B. Mamoria and Satish Mamoria<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Human Resource Management- K. Aswathappa<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Organization Behaviour- L.M. Prasad<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Organisation Theory and Behaviour- B.P. Singha and T.N. Chabra<\/span><\/li>\n<\/ol>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Read Time: <\/span> <span class=\"rt-time\">6<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span> UPSC Commerce and Accountancy Syllabus: Candidates with a background in finance or business tend to favor the optional courses in commerce and accounting. Accounting is the study of recording, organizing, and reporting business activities; commerce is the exchange of goods and services. The optional commerce and accounting papers are worth 250 marks. Accounting and finance&hellip; <a class=\"more-link\" href=\"https:\/\/upscmentorship.com\/upsc-exam\/upsc-commerce-and-accountancy-syllabus\/\">Continue reading <span class=\"screen-reader-text\">UPSC Commerce and Accountancy Syllabus<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":1971,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[55],"acf":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/upscmentorship.com\/upsc-exam\/wp-json\/wp\/v2\/posts\/1040"}],"collection":[{"href":"https:\/\/upscmentorship.com\/upsc-exam\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/upscmentorship.com\/upsc-exam\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/upscmentorship.com\/upsc-exam\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/upscmentorship.com\/upsc-exam\/wp-json\/wp\/v2\/comments?post=1040"}],"version-history":[{"count":5,"href":"https:\/\/upscmentorship.com\/upsc-exam\/wp-json\/wp\/v2\/posts\/1040\/revisions"}],"predecessor-version":[{"id":1519,"href":"https:\/\/upscmentorship.com\/upsc-exam\/wp-json\/wp\/v2\/posts\/1040\/revisions\/1519"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/upscmentorship.com\/upsc-exam\/wp-json\/wp\/v2\/media\/1971"}],"wp:attachment":[{"href":"https:\/\/upscmentorship.com\/upsc-exam\/wp-json\/wp\/v2\/media?parent=1040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/upscmentorship.com\/upsc-exam\/wp-json\/wp\/v2\/categories?post=1040"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/upscmentorship.com\/upsc-exam\/wp-json\/wp\/v2\/tags?post=1040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}