Best Books for Commerce Optional in UPSC Exam
Civil Services, IAS The most prestigious and challenging exam in India is the UPSC Exam. Every year, UPSC administers the exam in three phases. The IAS Mains test will be held on the 15th, 16th, 17th, 23rd, and 24th of September 2023, according to the UPSC 2024 Calendar. The optional books for the UPSC main exams in commerce and accounting are below.
In the UPSC Mains, the optional subject totals 500 out of a possible 1750 points. This demonstrates the importance of the optional topic and how crucial it is to select the most scoring optional in the UPSC, as it can significantly affect a candidate’s overall rank.
The UPSC Mains examination is a rigorous test of a candidate’s knowledge, analytical skills, and ability to present their understanding coherently. When it comes to the UPSC Commerce and Accountancy optional, the challenge can be even greater due to the intricate nature of the subject. This is where the guidance of an expert, especially one with a background in Commerce and as a Chartered Accountant (CA), becomes invaluable. Diademy IAS, founded by Rahul Kumar, a CA and esteemed faculty, offers a unique opportunity for UPSC aspirants to navigate the complexities of Commerce and Accountancy optional with confidence.
Understanding the UPSC Commerce and Accountancy Optional
The UPSC Commerce and Accountancy optional is a subject that focuses on the principles, concepts, and practices of commerce, accounting, and business-related fields. It encompasses various sub-topics like financial accounting, corporate accounting, auditing, taxation, business economics, and more. Having a solid grasp of these subjects can greatly enhance your performance in the UPSC mains exam.
Syllabus Breakdown: Before we delve into the best books and strategies, let’s take a quick look at the UPSC Commerce and Accountancy optional syllabus. The syllabus covers a wide range of topics, including:
- Paper 1 -: Financial accounting, cost accounting, Financial management, accounting,Financial markets & institutions,, Taxation,
- Paper 2 – Organisation behaviour, Organisation theory, Human Resource Management, Industrial Relations
Recommended Books for UPSC Commerce and Accountancy Optional
Selecting the right books is essential for a comprehensive understanding of the subject. Here are some of the best-recommended books for UPSC Commerce and Accountancy optional:
Top Booklist For UPSC Mains Commerce and Accountancy Optional: Paper I:
- Accounting:Fundamentals of Corporate Accounting -J.R. Monga
- Accounting Standards – ICAI Publications.
- Cost Accounting:
- Fundamentals of Management Accounting – Anthony & Welsch
- Cost Accounting; Theory & Problems – Maheshwari & Mittal
- Student’s Guide to Auditing – Aruna Jha (Taxmann Publishers)
- Income Tax:
- Student’s Guide to Income Tax – V.K. Singhania, Or
- Systematic Approach to Income Tax – Girish Ahuja
- Financial Management:
- Financial Management – R. P. Rustagi
- Financial Management; Text & Problems – Khan & Jain
- Financial Markets & Institutions:
- Indian Financial System – M.Y. Khan, Or
- Financial Institutions & Markets – L.M. Bhole
- The Chartered Accountant (Journal of the Institute of Chartered Accountants of India)
- The Economic Survey (Govt. of India Publication)
- Financial/Business Section of The Times of India or any other daily newspaper
Top Booklist For UPSC Mains Commerce and Accountancy Optional: Paper II:
Section A: Organization Theory & Behaviour
- Organisation Theory & Behaviour – B.P. Singh & T.N. Chabra
- Organizational Behaviour – Stephen P. Robbins
- Organizational Behaviour – Fred Luthans
- Management of Organisational Behaviour – Paul Hersey & Ken Blanchard
Section B: Human Resource Management
- Human Resource Management – C.B. Gupta
- Human Resource and Personnel Management – K. Ashwathapa
- Human Resource Management – VSP Rao
- Industrial Relations in Indian Enterprises – R.S. Dwivedi
- Dynamics of Industrial Relations – C.B. Mamoria, Satish Mamoria & S.V. Gankar
- Industrial Relations – T.N. Chhabra & R.K. Suri
Relevant Articles from the Following Journals:
- Indian Journal of Industrial Relations
- Indian Journal of Labour Economics
Reports/Publications of the Central Govt/Govt Committees Concerning Labour Policy.
Now you have the list of best books for Commerce and Accountancy optional, but how you are planning to execute the strategic approach to cover the syllabus along with other GS subjects? The solution is Diademy IAS, the best coaching institute in India for UPSC Commerce and Accountancy optional. The reason why it is the best institute for UPSC Commerce and Accountancy preparation is its solid foundation in the subject.
Why Choose Diademy IAS?
Studying with Diademy IAS can provide you with unparalleled advantages in your UPSC Commerce and Accountancy optional preparation journey.
The Crucial Role of Expert Guidance:
Studying Commerce and Accountancy optional requires a deep understanding of concepts ranging from accounting principles to economic theories. An expert’s guidance is essential to break down complex topics, provide clarity, and offer strategic insights into how to approach the subject effectively. Here’s how learning from an expert like Rahul Kumar can make a significant difference:
- Concept Clarity:
- CA Rahul Kumar’s expertise in the field ensures that you receive accurate and clear explanations of even the most challenging concepts. His experience as a CA brings real-world insights into topics like financial accounting, auditing, taxation, and more. With his guidance, you can build a strong foundation, which is crucial for excelling in this optional subject.
- Customized Approach:
- Every student has unique strengths and weaknesses. An expert tutor can identify these areas and tailor the teaching approach accordingly. This personalized approach ensures that your learning experience is efficient and targeted toward addressing your specific needs.
- Application of Concepts:
- Commerce and Accountancy are not just about theoretical knowledge; they involve practical application as well. An expert’s guidance can help you bridge the gap between theory and practice, allowing you to approach questions in a well-rounded manner.
- Exam-Oriented Preparation:
- Navigating the UPSC Mains exam requires a deep understanding of the syllabus, question patterns, and how to present your answers effectively. An expert like Rahul Kumar can guide you in structuring your answers, incorporating relevant case studies, and showcasing your understanding in a manner that resonates with UPSC examiners.
- Real-World Examples:
- Rahul Kumar’s experience as a CA equips him with a treasure trove of real-world examples that can be seamlessly integrated into your answers. This not only enhances the quality of your responses but also showcases your application of concepts to practical scenarios.
Opting for Commerce and Accountancy optional in the UPSC mains exam can be a wise decision for commerce enthusiasts. By choosing the right books, following a strategic preparation plan, and enrolling with Diademy IAS, you can ensure that you are well-equipped to excel in this optional subject. Remember, dedication, consistent effort, and the right guidance are the keys to cracking the UPSC exam and securing a bright future as a civil servant.
Mastering the Commerce and Accountancy optional for UPSC Mains demands not only dedication but also expert guidance. Learning from someone like Rahul Kumar, a CA and the founder of Diademy IAS, can make your preparation journey much smoother and more effective. The insights, personalised mentoring, and practical knowledge he offers can be the key to excelling in this challenging subject and securing success in the UPSC exam. With Diademy IAS, you’re not just learning; you’re gaining a competitive edge that sets you apart on your journey toward becoming a civil servant.