UPSC Commerce and Accountancy Optional Syllabus for IAS Mains 2023: Download PDF Here


UPSC Commerce and Accountancy Syllabus: Download UPSC CSE Commerce and Accountancy Syllabus PDF, and take a look at subject-wise Commerce and Accountancy non-compulsory syllabus for Paper 1 and 2 with best possible methods and books.

UPSC Commerce and Accountancy Syllabus: Commerce and Accountancy is likely one of the 48 non-compulsory topics within the UPSC Mains exam. It principally specializes in accounting and finance, group concept and observe, commercial members of the family and many others. Candidates with trade background or running as Chartered Accountant or in Finance gets an edge. They will have the ability to perceive complex subjects obviously as they’ve a robust basis within the area.

As in line with ultimate 5 years information, round 180-210 applicants make a choice Commerce and Accountancy as non-compulsory topics and the good fortune price is round 12%. Candidates will have to download the Commerce and Accountancy Syllabus for UPSC ahead of beginning the preparation in order that they are able to quilt each and every and each matter essential from the examination standpoint. Based at the comments of earlier toppers, it used to be discovered that the trouble degree of UPSC Commerce and Accountancy non-compulsory topics used to be reasonable.

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In this text, we now have compiled UPSC Commerce and Accountancy Syllabus PDF for Mains with query weightage, preparation pointers and best possible books.

upsc trade and accounting syllabus pdf

UPSC Commerce and Accountancy Optional Syllabus is split into two papers, i.e., Paper 1 and Paper 2. UPSC Commerce and Accountancy topics give a contribution a complete of 500 marks, with each and every paper wearing 250 marks. Candidates will have to practice the UPSC Commerce and Accountancy Syllabus PDF for Paper 1 and 2 to steer clear of lacking any essential matter. Download subject-wise UPSC Commerce and Accountancy Syllabus PDF for Paper 1 and 2 shared beneath.

UPSC IAS Commerce and Accountancy Syllabus 2023

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UPSC Commerce and Accounting Optional Syllabus for IAS Mains Exam

UPSC Commerce and Accountancy Optional Syllabus is split into two papers, i.e. Paper 1 and Paper 2. Candidates will have to be accustomed to the subject-wise UPSC Commerce and Accountancy syllabus for Main Optional Paper 1 and 2 and refocus their preparation accordingly.

UPSC Commerce and Accountancy Syllabus for Paper 1

UPSC Commerce and Accountancy Paper I syllabus covers topics like Accounting, Taxation and Auditing (Financing Accounting, Cost Accounting, Taxation and Auditing) and Financial Management, Financial Institutions and Markets. Check beneath subject-wise UPSC Commerce and Accountancy Optional Syllabus for Paper I.

Accounting, Taxation and Audit

  1. Financing Accounting: Accounting as a monetary data machine; Impact of behavioral science. Accounting requirements similar to, accounting for depreciation, stock, analysis and building prices, long-term production contracts, earnings popularity, fastened belongings, contingencies, foreign currency echange transactions, investments and executive grants, coins movement commentary, profits in line with proportion. Accounting for proportion capital transactions together with bonus stocks and proper stocks. Employee inventory choices and buy-backs of securities. Preparation and presentation of ultimate accounts of the corporate. Amalgamation, absorption and reconstruction of businesses.
  2. charge accounting: Nature and purposes of charge accounting. Establishment of charge accounting machine. Cost ideas associated with source of revenue size, cash in making plans, charge keep an eye on and determination making. Costing Methods: Job Costing, Process Costing, Activity Based Costing. Volume-cost-profit dating as a device of cash in making plans. Incremental research/differential costing as a device for pricing choices, product choices, make-or-buy choices, shut-down choices, and many others. Cost keep an eye on and charge aid tactics: Budgeting as a device of making plans and keep an eye on. Standard charge and variance research. Accountability Accounting and Divisional Performance Measurement.
  3. Taxation: Income Tax: Definitions. Grounds of allegation; Income which doesn’t shape a part of overall source of revenue. Simple issues of computation of source of revenue (of people simplest) beneath quite a lot of heads, i.e., salaries, source of revenue from space belongings, income and positive aspects from industry or career, capital positive aspects, source of revenue from different resources, source of revenue of alternative folks incorporated within the overall source of revenue of the assessee. Income. Adjustment and elevate ahead of losses. Deduction from gross overall source of revenue. Key options/provisions associated with VAT and carrier tax.
  4. Audit: Company Audit: Audit associated with divisible income, dividends, particular investigations, tax audits. Audit of banking, insurance coverage, non-profit organizations and charitable societies/trusts/organizations.

Financial Management, Financial Institutions and Markets

  1. monetary control: Finance Function: Nature, Scope and Objectives of Financial Management: Risk and Return

dating. Tools of economic research: Ratio research, fund-flow and cash-flow commentary. Capital Budgeting Decisions: Process, Procedures and Evaluation Methods. Risk and Uncertainty Analysis and Methods.

Cost of capital: Concept, calculation of particular prices and weighted reasonable charge of capital. CAPM is a device to resolve the price of fairness capital.

Financial Decisions: Principles of Capital Structure-Net Income (NI) Approach.

Net working source of revenue (NOI) means, MM means and conventional means. Designing capital construction: Types of leverage (operational, monetary and blended), EBIT-EPS research, and different components.

Dividend Decision and Firm Valuation: Walter’s Model, MM Thesis, Gordon’s Model Lintner’s Model. Factors affecting dividend coverage. Working Capital Management: Planning of running capital. Determinants of running capital. Components of running capital-cash, stock and receivables. Corporate restructuring with a focal point on mergers and acquisitions (monetary sides simplest).

  1. Financial Markets and Institutions: Indian Financial System: An Overview, Money Market: Participants, Structure and Instruments. Commercial Bank. Reforms within the banking sector. Monetary and credit score coverage of RBI. RBI as a regulator. Capital Markets: Primary and Secondary Markets. Financial Market Instruments and Innovative Debt

apparatus; SEBI as a regulator. Financial Services: Mutual Funds, Venture Capital, Credit Rating Agencies, Insurance and IRDA.

UPSC Commerce and Accountancy Syllabus for Paper 2

UPSC Commerce and Accounts Paper II syllabus specializes in subjects like Organization Theory and Practice, Human Resource Management, and Industrial Relations Organization Theory and Practice. Check subject-wise UPSC Commerce and Accountancy Optional Syllabus PDF for Paper II beneath.

  1. Organization Principles:

Nature and idea of group; External surroundings of the organization-technical, social, political, financial and criminal; Organizational objectives number one and secondary objectives, unmarried and a couple of objectives; Management by way of targets. The Development of Organization Theory: Classical Neo-Classical and Systemic Approaches. Modern ideas of group concept: Organizational design, organizational construction and organizational tradition.

Organizational Design-Basic Challenges; Differentiation and integration procedure; Centralization and decentralization procedure; Standardization/formalization and mutual adjustment. To coordinate formal and casual organizations. Mechanical and organic buildings. Designing organizational structures-authority and keep an eye on; Line and body of workers purposes, specialization and coordination. Types of Organization Structure – Functional. Matrix construction, challenge construction. Nature and foundation of energy, resources of energy, energy construction and politics. Impact of knowledge era on organizational design and construction.

Managing organizational tradition.

  1. Organization Behavior: Meaning and Concept; People in Organization: Personality, Principles and Determinants; Meaning and strategy of belief.

Motivation: Concepts, Theories and Applications. Leadership-theories and types. Quality of labor existence (QWL): Meaning and its have an effect on on efficiency, tactics to improve it. Quality circles (QC)- that means and their significance. Managing conflicts in organizations. Transactional research, organizational effectiveness, control of alternate.

Human Resource Management and Industrial Relations

  1. Human Resource Management (HRM): Meaning, nature and scope of HRM, Human Resource Planning, Job Analysis, Job Description, Job Specification, Recruitment Process, Selection Process, Orientation and Placement, Training and Development Process, Performance Appraisal and 360 Degree Feed, Salary and wage management, task analysis, worker welfare, promotion, switch and separation.
  2. Industrial Relations (IR): Meaning, nature, significance and scope of IR, Formation of Trade Union, Trade Union Legislation, Trade Union Movement in India. Recognition of industry unions, issues of industry unions in India. Impact of liberalization at the industry union motion. Nature of commercial disputes: moves and lockouts, reasons of disputes, prevention and agreement of disputes. Worker participation in control: philosophy, rationale, provide standing and long run possibilities. Adjudication and collective bargaining. Industrial Relations in Public Enterprises Absenteeism and hard work turnover in Indian industries and their reasons and treatments. ILO and its purposes.

How to Prepare UPSC Commerce and Accountancy Syllabus 2023?

Before beginning the preparation applicants will have to take a look at the UPSC Commerce and Accountancy syllabus sparsely. This will assist them to be told elementary basics and complex chapters essential from exam standpoint. UPSC Commerce and Accountancy non-compulsory direction is long in nature; Candidates will have to practice some tricks to get ready for the exam successfully.

  • Go throughout the UPSC Commerce and Accountancy Optional Syllabus completely, quilt the high-weightage subjects, and then make a choice the themes which can be hardly ever requested within the exam.
  • Finalize on extremely counseled books and learn about assets that provide an explanation for the chapters in simple language.
  • Solve UPSC Commerce and Accountancy earlier 12 months query papers to understand the character and sorts of weighted questions recurrently requested in IAS Mains exam.
  • Practice resolution writing frequently after finishing Commerce and Accountancy direction for UPSC to attain excessive marks within the exam.

Booklist for UPSC Commerce and Accountancy Optional Course

For just right preparation of UPSC Commerce and Accountancy non-compulsory area, applicants will have to choose expert-recommended books. This will improve their basis and assist them perceive complex subjects comprehensively. Also, it’ll let them focal point simplest at the exam-relevant subjects discussed within the UPSC Commerce and Accountancy non-compulsory syllabus. Here are given beneath prime quality UPSC Commerce and Accountancy non-compulsory books for Paper 1 and Paper 2.

upsc trade and accounting books


Names of books together with writer


  • Accounting Corporate Accounting by way of Naseem Ahmed
  • The Auditing Student’s Guide to Auditing by way of Aruna Jha
  • Income Tax Book by way of VK Singhania or Girish Ahuja
  • Accounting Standards by way of DS Rawat
  • monetary control; Lessons and Problems by way of Khan and Jain
  • charge accounting; Principles and Problems by way of Maheshwari and Mittal
  • Financial Institutions and Markets by way of LM Bhole
  • Indian Financial System by way of MY Khan

Paper II

  • Human Resource Management by way of CB Gupta
  • Of. Human Resource Management by way of Ashwathappa
  • Organization Theory and Practice by way of BP Singha and TN Chhabra
  • Industrial Relations by way of TN Chhabra and RK Suri
  • Dynamics of Industrial Relations by way of CB Mamoriya and Satish Mamoriya
  • Organization Behavior by way of LM Prasad

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