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ClearIAS » UPSC Civil Services Exam Syllabus (subject-wise) » Commerce and Accountancy Syllabus – Civil Services Mains Exam UPSC

Commerce and Accountancy Syllabus – Civil Services Mains Exam UPSC

Last updated on November 11, 2020 by Alex Andrews George

UPSC Civil Services Mains Exam Optional Subject consists of 2 papers. Each paper is of 250 marks, making a total of 500 marks.

Commerce and Accountancy Syllabus – Civil Services Mains Exam UPSC

Commerce and Accountancy Syllabus – Civil Services Mains Exam UPSC

PAPER – I

Accounting and Finance, Accounting, Taxation & Auditing

1. Financial Accounting:

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Accounting as a Financial Information System; Impact of Behavioural Sciences. Accounting Standards e.g., Accounting for Depreciation, Inventories, Research and Development Costs, Long-term Construction Contracts, Revenue Recognition, Fixed Assets, Contingencies, Foreign Exchange Transactions, Investments and Government Grants, Cash Flow Statement, Earnings Per Share.

Accounting for Share Capital Transactions including Bonus Shares, Right Shares, Employees Stock Option and Buy-Back of Securities.

Preparation and Presentation of Company Final Accounts. Amalgamation, Absorption, and Reconstruction of Companies.
2. Cost Accounting:

Nature and Functions of Cost Accounting. Installation of Cost Accounting System. Cost Concepts related to Income Measurement, Profit Planning, Cost Control, and Decision Making.

Methods of Costing: Job Costing, Process Costing, Activity Based Costing. Volume – cost – Profit Relationship as a tool for Profit Planning.
Incremental Analysis/ Differential Costing as a Tool of Pricing Decisions, Product Decisions, Make or Buy Decisions, Shut-Down Decisions, etc.

Techniques of Cost Control and Cost Reduction: Budgeting as a Tool of Planning and Control. Standard Costing and Variance Analysis.

Responsibility Accounting and Divisional Performance Measurement.

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3. Taxation:

Income Tax: Definitions; Basis of Charge; Incomes which do not form part of Total Income. Simple problems of Computation of Income (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’s Total Income.

Set – Off and Carry Forward of Loss.

Deductions from Gross Total Income. Salient Features/Provisions Related to VAT and Services Tax.

4. Auditing:

Company Audit: Audit related to Divisible Profits, Dividends, Special investigations, Tax audit. Audit of Banking, Insurance, Non-Profit Organizations, and Charitable Societies/Trusts/Organizations.
Financial Management, Financial Institutions, and Markets 1. Financial Management:

Finance Function: Nature, Scope, and Objectives of Financial Management: Risk and Return Relationship. Tools of Financial Analysis: Ratio Analysis, Funds-Flow, and Cash-Flow Statement.
Capital Budgeting Decisions: Process, Procedures, and Appraisal Methods. Risk and Uncertainty Analysis and Methods.

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Cost of capital: Concept, Computation of Specific Costs, and Weighted Average Cost of Capital. CAPM as a Tool of Determining Cost of Equity Capital.

Financing Decisions: Theories of Capital Structure – Net Income (NI) Approach, Net Operating Income (NOI) Approach, MM Approach, and Traditional Approach. Designing of Capital structure: Types of Leverages (Operating, Financial and Combined), EBIT- EPS Analysis, and Other Factors.

Dividend Decisions and Valuation of Firm: Walter’s Model, MM Thesis, Gordan’s Model Lintner’s Model. Factors Affecting Dividend Policy.

Working Capital Management: Planning of Working Capital. Determinants of Working Capital. Components of Working Capital Cash, Inventory, and Receivables.

Corporate Restructuring with focus on Mergers and Acquisitions (Financial aspects only).

2. Financial Markets and Institutions:

Indian Financial System: An Overview Money Markets: Participants, Structure, and Instruments. Commercial Banks. Reforms in the Banking sector. Monetary and Credit Policy of RBI. RBI as a Regulator.

Capital Market: Primary and Secondary Market. Financial Market Instruments and Innovative Debt Instruments; SEBI as a Regulator.

Financial Services: Mutual Funds, Venture Capital, Credit Rating Agencies, Insurance, and IRDA.

PAPER-II

Organisation Theory and Behaviour, Human Resource Management and Industrial Relations Organisation Theory and Behaviour
1. Organisation Theory:

Nature and Concept of Organisation; External Environment of Organizations -Technological, Social, Political, Economical and Legal; Organizational Goals – Primary and Secondary goals, Single and Multiple Goals; Management by Objectives.

Evolution of Organisation Theory: Classical, Neo-classical, and Systems Approach.

Modern Concepts of Organisation Theory: Organisational Design, Organisational Structure, and Organisational Culture.

Organizational Design–Basic Challenges; Differentiation and Integration Process; Centralization and Decentralization Process; Standardization / Formalization and Mutual Adjustment. Coordinating Formal and Informal Organizations. Mechanistic and Organic Structures.

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Designing Organizational structures–Authority and Control; Line and Staff Functions, Specialization, and Coordination.

Types of Organization Structure –Functional. 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.

Managing Organizational Culture.

2. Organisation Behaviour:

Meaning and Concept; Individual in organizations: Personality, Theories, and Determinants; Perception – Meaning and Process.

Motivation: Concepts, Theories, and Applications. Leadership-Theories and Styles. Quality of Work Life (QWL): Meaning and its impact on Performance, Ways of its Enhancement. Quality Circles (QC) – Meaning and their Importance. Management of Conflicts in Organizations. Transactional Analysis, Organizational Effectiveness, Management of Change.

Human Resources Management and Industrial Relations 1. Human Resources 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° Feed Back, Salary and Wage Administration, Job Evaluation, Employee Welfare, Promotions, Transfers, and Separations.

2. Industrial Relations (IR):

Meaning, Nature, Importance and Scope of IR, Formation of Trade Unions, Trade Union Legislation, Trade Union Movement in India. Recognition of Trade Unions, Problems of Trade Unions in India. Impact of Liberalization on the Trade Union Movement.

Nature of Industrial Disputes: Strikes and Lockouts, Causes of Disputes, Prevention and Settlement of Disputes.

Worker’s Participation in Management: Philosophy, Rationale, Present Day Status, and Future Prospects. Adjudication and Collective Bargaining.
Industrial Relations in Public Enterprises, Absenteeism, and Labour Turnover in Indian Industries and their Causes and Remedies.

ILO and its Functions.

Additional Links:

  1. Useful Civil Services Books
  2. Civil Services Study Materials for Online Preparation
  3. IAS Question Papers
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About Alex Andrews George

Alex Andrews George is a mentor, author, and entrepreneur. Alex is the founder of ClearIAS and one of the expert Civil Service Exam Trainers in India.

He is the author of many best-seller books like 'Important Judgments that transformed India' and 'Important Acts that transformed India'.

A trusted mentor and pioneer in online training, Alex's guidance, strategies, study-materials, and mock-exams have helped thousands of aspirants to become IAS, IPS, and IFS officers.

Reader Interactions

Comments

  1. Aadil Sheikh says

    July 8, 2015 at 3:53 pm

    I m commerce student..so plz suggest me which book should i buy and read.

    Reply
  2. bishwajeet says

    January 6, 2016 at 3:22 pm

    preparation with commerce compare to arts subject is tough or not ?

    Reply
  3. Md Ramzan Ali says

    April 17, 2016 at 12:19 am

    I am CA – IPCC student can i preparation upsc

    Reply
    • Ghanshyam says

      September 12, 2016 at 10:26 am

      Yes friend

    • Uzair says

      July 10, 2018 at 11:46 am

      I am Hindi medium student…..I have done my graduation in Hindi medium…so am i eligible for IAS prelims ,& mains examination?? Pleasure tell me….

    • Sudip says

      December 1, 2018 at 10:01 am

      U can bro but your concepts in the subjects should be crystal clear… It is not an academic exam where questions come within your expectations… So prepare yourself for the best… Also watch UPSC’s toppers videos whose optional subjects were commerce

    • AP Suryavanshi says

      February 4, 2019 at 1:11 pm

      Yes u can….u jst have to be graduate…

    • Pooja says

      February 5, 2019 at 8:30 pm

      Graduation chahiy

  4. Kldeepa says

    May 25, 2016 at 2:27 pm

    I’m commerce student please suggest me which book I should buy and read

    Reply
  5. suresh gaikwad says

    June 8, 2018 at 10:39 pm

    i am ca final student please suggest me which book is best for commerce optional

    Reply
    • AP Suryavanshi says

      February 4, 2019 at 1:12 pm

      Ur CA final books are suffient itself…

  6. jithin M mathew says

    July 19, 2018 at 12:41 pm

    CA or Mgt which is a better choice?

    Reply
  7. Yuvarani says

    July 30, 2018 at 4:40 pm

    Is commerce and accountancy a valuable optional for mains

    Reply
  8. Anynom says

    October 1, 2018 at 5:50 pm

    Is marks are allotted as per step wise entry in practical question or only full marks are allotted to entire right practical question?

    Reply
  9. Himadri gupta says

    January 12, 2019 at 9:15 pm

    Hi I’m hindi medium aspirant and I want to go with commerce optional but i want to know that can i solve numerical ques in english and theoretical in hindi…. Plz help me and suggest. Thanku

    Reply
  10. R.Rajiv says

    February 15, 2019 at 3:07 pm

    CIVIL SERVICE UNDER “Commerce and Accountancy” – MAINS EXAM
    WHICH TYPE OF GOVT. WORK WE HANDLE AFTER THAT
    1. Commerce and Accounting Department
    2. or Other Departments

    And main Question is “How It decide the area (field) of Civil Service Aspirants”.

    Reply
  11. Senthilkumar.p says

    April 12, 2019 at 1:22 pm

    I’m preparing upsc exam 2 yr optional subject commerce and accountancy any pdf material

    Reply
  12. Shikha says

    May 22, 2019 at 2:05 pm

    Is commerce and accountancy sub. For upsc easy or tough..??

    Reply
  13. saudaminimanjhi says

    July 2, 2019 at 7:44 pm

    what are accounting standard which imp?????

    Reply
  14. Chakali Raghapppa says

    July 7, 2019 at 8:11 am

    Sir im today start upsc exam preparation tell me how please please

    Reply
  15. Jayesh says

    July 28, 2019 at 2:06 pm

    Can we choose accountancy subject in IAS ,and also explain me in details about subject selection

    Reply
  16. Ashutosh says

    September 1, 2019 at 10:04 pm

    sir i am student of CMA final and just 18 years old i want to do IAS with commerce plz suggest me.

    Reply
  17. Sourabh Dubey says

    October 10, 2019 at 2:43 pm

    first focus on cma final examination becoz you have more time yet your cma intermediate material enough for optional paper first and for second paper rankers notes or sufficient

    Reply
  18. Shivam says

    December 12, 2020 at 9:02 pm

    Sir i am CMA without any graduation
    May I eligible to give IAS Paper for Indian civil account service

    Reply
  19. Ashutosh Patil says

    January 20, 2021 at 10:40 am

    Which assessment year for upsc exam 2021?

    Reply

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