BPSC PCS Commerce Optional Course
The BPSC PCS Commerce Optional Course is an ideal choice for students interested in pursuing a career in the world of public service. This course enables students to gain a comprehensive understanding of economics and business management, equipping them with the skills and knowledge necessary to excel in their chosen profession.
The course is divided into three semesters, each focusing on a different set of topics. The first semester covers introductory subjects such as Accounting, Mathematics, and International Business Management. In the second semester, students learn more in-depth topics such as International Economics, Financial Management, and Corporate Finance. Finally, in the third semester, they cover Taxation Law, Business Law, and Entrepreneurship and Strategy.
Throughout the course, students are given the opportunity to apply their knowledge and skills in real-world scenarios. Additionally, they receive guidance and support from experienced professionals who help them understand various aspects of the corporate world and equip them with the skills necessary to succeed.
The BPSC PCS Commerce Optional Course is an excellent choice for those looking to get ahead in the world of business and public service. With the right dedication and commitment, students can acquire the essential knowledge and skills necessary to excel in their professional life.
Topics of the Course
- Taxation for UPSC Commerce Optional
- Financial Markets and Institutions
- Costing
- Financial Management
- Auditing for UPSC Commerce
- Financial Accounting
- Industrial Relations and Labour Laws for UPSC Commerce
- Human Resources Management for UPSC
- Organization Theory and Behaviour for UPSC
About BPSC PCS Commerce Optional Course
Diademy’s BPSC PCS Commerce Optional Course will include the most comprehensive and complete video lessons, notes and the most exhaustive mock test designed for preparation of the BPSC PCS Commerce Optional Exam.
Apart from all of these we also have weekly doubt clearing one on one support sessions for BPSC students on our Telegram group.
The topics and subject thats we shall be covering in these courses are give below:
Section 1: Accounting and Finance
Part-1: Accounting, Auditing and Taxation
Accounting as a financial information system- Impact of behavioural sciences – Methods of accounting of changing price levels with particular reference to current Purchasing Power (CPP) accounting Advanced problems of companies accounts – Amalgamation absorption and reconstruction of companies- Accounting of holding companies – Valuation of shares and goodwill. Controllership functions- Property control legal and management.
Important provisions of the Income Tax Act, 1961 – Definition Charge of Income Tax- Exemptions Depreciation and investment allowance – Simple problems of computation of income under the various heads and determination of assessable income – Income Tax authorities.
Nature and functions of Cost Accounting – Cost Classification – Techniques of segregating semi-variable costs into fixed and variable components – job costing – FIFO and weighted average methods or calculating equivalent units of production – Reconciliation of cost and financial accounts-Marginal Costing-Cost volume profit relationship: Algebraic formula and graphical representation – Shut down point – Techniques of cost control and cost reduction – Budgetary control flexible Budgets – Standard costing and variance analysis –Responsibility accounting-Bases of charging overheads and their inherent fallacy – Costing for pricing decisions.
Significance of the attest function – Programming the audit work – Valuation and verification of assets, fixed, wasting and current assets – Verification of liabilities – Audit of limited companies – appointment status, powers, duties and liabilities of the auditor – Auditor’s report – Audit of share capital and transfer of shares – Special points in the audit of banking and insurance companies.
Part-2: Business Finance and Financial Institutions
Concept and scope of Financial Management – Financial goals of corporations – capital Budgeting Rules of the thumb and discounted cash flow approaches – Incorporating uncertainty in investment decision–designing an optimal capital structure – Weighted average cost of capital and the controversy surrounding the Modigliani and Miller model, sources of raising short term, intermediate and long-term finance – Role of public and convertible debentures–Norms and guidelines regarding debt-equity rations – Determinants of an optional dividend policy– optimising models of James E. Walter and John Lintner– Forms of dividend payment – Structure of working capital and the variable, affecting, the level of difference of components – Cash flow approach of forecasting working capital needs – Profiles of working capital in Indian industries – Credit management and credit policy – Consideration of tax in relation to financial planning and cash flow statements.
Organisation and deficiencies of Indian Money Market structure of assets and liabilities of commercial banks – Achievements and failures of Nationalisation – Regional rural banks – Recommendations of the Tandon (P.L) study group on following of bank credit, 1976 and their revision by the Chore (K.B) Committee, 1979 – An assessment of the monetary and credit policies of the Reserve Bank of India- Constituents of the Indian Capital Market – Functions and working of All India term financial institutions (IDBI. IFCI. ICICI and IRCI) – Investment policies of the Life Insurance Corporation of India and the Unit Trust of India – Present State of stock exchanges and their regulation.
Provision of the Negotiable instruments Act, 1881.
Crossings and endorsements with particular reference to statutory protection to the paying and collecting bankers – Salient provision of the Banking Regulation Act, 1949 with regard to chartering, supervision and regulation of banks.
Section 2: Organization Theory and Industrial Relations
Part I: Organisation Theory
Nature and Concept of Organisation – Organisation goals; Primary and Secondary goals, Single and multiple goals, ends-means chain – Displacement, succession, expansion and multiplication of goals – Formal organisation: Type, Structure – Line and Staff. functional matrix and project – Informal organisation, functions and limitations.
Evolution of organisation theory: (classical, Neo-classical and system approach)- Bureaucracy Nature and basis of power, sources of power, power structure and politics – Organisational behaviour as a dynamic system: technical social and power systems interrelation sand interactions – Perception – Status system: Theoretical and empirical foundations of Maslow McGregor, Herzberg Likert, Vroom, Porter and Lawler, Adam’s Equity Theory and Human Models of motivation. Morale and productivity – Leadership. Theories and styles – Management of Conflicts in organisation – Transactional Analysis – Significance of culture to organisations. Limits of rationality – Simon March approach. Organisational change, adaptation growth and development – Organisational control and effectiveness.
Part II: Industrial Relations
Nature and scope of industrial relations. Industrial labour in India and its commitment – Theories of unionism – Trade union movement in India – Growth and structure – Role of outside leadership in – Worker education and other problems – Collective bargaining approaches conditions limitations and its effectiveness in Indian conditions – Workers participation in management: philosophy, rationale, present-day State of affairs and its future prospects.
Prevention and settlement of industrial disputes in India: Preventive measures, settlement machinery and other measures in practice- Industrial relations in public enterprises – Absenteeism and labour turnover in Indian industries – Relative wages and wage differentials: wage policy in India – The Bonus issue – International Labour Organisation and India – Role of personnel department in the organisation – Executive development personnel policies, personnel audit and personnel research.
Your Coach CA Rahul Kumar
CA Rahul Kumar is a Fellow Chartered Accountant of 2009 batch and got AIR 29 in CA Exams. He is a graduate in Commerce and got Rank 5 at university level. He worked with Central PSUs for 8 Years at various financial and managerial roles.
He appeared thrice in UPSC Interviews with Commerce and Accountancy optional. He has a passion to guide UPSC students and guiding them since over 10 years. He has mentored more than 80 UPSC toppers through various programs.
He is famous for UPSC Strategy and Answer writing workshops at colleges and addressed over 5000 colleges students. He has been advising “Committee for Members in Entrepreneurship and Public Service” of the Institute of Chartered Accountants of India (ICAI) for strategizing and delivering “Civil Services Orientation & Mentorship Programme for CA Members and CA Students aspiring to join Civil Services.
Presently, he is a senior faculty at DIADEMY IAS, Old Rajinder Nagar, Delhi. He guides Commerce & Accountancy Optional students through classes & Mentorship programs.
