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UPSC Optional Subject Syllabus: Commerce and Accountancy | Commerce & Accountancy Optional Notes for UPSC PDF Download

UPSC Commerce and Accountancy Optional Syllabus

Introduction to Commerce and Accountancy Optional for UPSC

The Commerce and Accountancy optional subject for the UPSC Civil Services Examination is a highly specialized and scoring option for candidates with a background in commerce, accountancy, or related fields. This subject encompasses a broad spectrum of topics, including financial accounting, cost accounting, taxation, auditing, financial management, organizational theory, human resource management, and industrial relations. It is particularly suitable for candidates with a degree in Commerce, Chartered Accountancy (CA), Company Secretaryship (CS), or MBA (Finance), as the syllabus aligns closely with their academic and professional expertise.

UPSC Optional Subject Syllabus: Commerce and Accountancy | Commerce & Accountancy Optional Notes for UPSC

Why Choose Commerce and Accountancy Optional?

  • Scoring Potential: The subject is considered scoring due to its objective nature, with numerical problems and well-defined concepts that leave little room for subjective interpretation.
  • Familiarity for Commerce Graduates: Candidates with a commerce background find the syllabus familiar, as it covers topics like accounting, taxation, and financial management, which are part of their academic curriculum.
  • Overlap with General Studies: Topics such as financial markets, banking reforms, and economic policies overlap with General Studies Paper III (Economy), providing an advantage in preparation.
  • Structured Syllabus: The syllabus is well-defined and concise, allowing candidates to cover it systematically within a reasonable timeframe.
  • Availability of Resources: Standard textbooks, study materials, and coaching resources are readily available, making preparation more accessible.
  • Professional Relevance: The knowledge gained is highly relevant for careers in finance, auditing, and administration, which aligns with the roles of civil servants.

Paper - I

Accounting and Finance

  1. Financial Accounting
  2. Cost Accounting
  3. Taxation
  4. Auditing

Financial Management, Financial Institutions and Markets

  1. Financial Management
  2. Financial Markets and Institutions

Paper - II

Organisation Theory and Behaviour, Human Resources Management and Industrial Relations

Organisation Theory and Behaviour

  1. Organisation Theory
  2. Organisation Behaviour

Human Resources Management and Industrial Relations

  1. Human Resources Management (HRM)
  2. Industrial Relations (IR)

Recommended Resources

  • Financial Accounting: T.S. Grewal, S.N. Maheshwari
  • Cost Accounting: M.N. Arora, Bhabatosh Banerjee
  • Taxation: V.K. Singhania for Income Tax, T.N. Manoharan for VAT and Service Tax
  • Financial Management: I.M. Pandey, Prasanna Chandra
  • Organisation Theory and Behaviour: Stephen P. Robbins, L.M. Prasad
  • Human Resource Management: K. Aswathappa, C.B. Gupta
  • Previous Year Question Papers: EduRev Previous Year Questions

Preparation Strategy

  • Understand the Syllabus: Familiarize yourself with the detailed syllabus and prioritize topics based on weightage in previous years’ papers.
  • Focus on Numerical Problems: Practice numerical problems in accounting, cost accounting, and financial management to build accuracy and speed.
  • Stay Updated: Keep abreast of changes in accounting standards, tax laws, and financial regulations, as these are relevant for both the optional and General Studies.
  • Answer Writing Practice: Practice writing concise and structured answers, especially for theoretical topics like organizational behavior and industrial relations.
  • Mock Tests: Take regular mock tests to assess your preparation and improve time management.
The document UPSC Optional Subject Syllabus: Commerce and Accountancy | Commerce & Accountancy Optional Notes for UPSC is a part of the UPSC Course Commerce & Accountancy Optional Notes for UPSC.
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FAQs on UPSC Optional Subject Syllabus: Commerce and Accountancy - Commerce & Accountancy Optional Notes for UPSC

1. What is the syllabus for the UPSC optional subject Commerce and Accountancy?
Ans. The syllabus for the UPSC optional subject Commerce and Accountancy includes topics such as accounting and auditing, financial management, financial markets and institutions, business organization and management, taxation, and economics.
2. Can I choose Commerce and Accountancy as my optional subject for the UPSC exam if I have a background in science?
Ans. Yes, you can choose Commerce and Accountancy as your optional subject for the UPSC exam even if you have a background in science. However, it is recommended to have some basic knowledge or understanding of commerce and accountancy concepts before opting for this subject.
3. How can I prepare for the Commerce and Accountancy optional subject for the UPSC exam?
Ans. To prepare for the Commerce and Accountancy optional subject for the UPSC exam, you can start by thoroughly studying the syllabus and identifying the key topics. It is important to refer to standard textbooks and study materials, solve previous years' question papers, and practice writing answers within the given time limit. Joining a coaching institute or taking guidance from subject experts can also be beneficial.
4. Are there any specific books or study materials recommended for Commerce and Accountancy optional subject for the UPSC exam?
Ans. Yes, there are several books and study materials recommended for the Commerce and Accountancy optional subject for the UPSC exam. Some popular books include "Indian Accounting Standards: Indian GAAP, IFRS and Ind AS" by M.P. Vijay Kumar, "Financial Markets and Institutions" by Frederic S. Mishkin, "Business Organization and Management" by T.R. Jain and Mukesh Trehan, and "Indian Economy" by Ramesh Singh. It is advisable to refer to the latest editions of these books and also consult with subject experts for additional study materials.
5. Can I choose Commerce and Accountancy as my optional subject if I have not studied it in my graduation?
Ans. Yes, you can choose Commerce and Accountancy as your optional subject for the UPSC exam even if you have not studied it in your graduation. However, it is recommended to have a basic understanding of commerce and accountancy concepts before opting for this subject. You may need to put in some extra effort to cover the foundational topics and gain a strong understanding of the subject.
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