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Who Should Select Commerce And Accountancy As An Optional – For UPSC Mains Examination.
Commerce & Accountancy is generally recommended for people who have had commerce in their graduation or higher levels. With the right preparation strategy and good answer writing practice, you should be able to get good marks in the two optional papers paper I and paper II.Continue Reading Who Should Select Commerce And Accountancy As An Optional – For UPSC Mains Examination.
How much time does it take to prepare?
4-5 months, if you study Commerce & Accountancy 12-15 hours per week. This should be enough. Also, it depends on how much can you recall your graduation concepts.
Ideally, aspirants need 4-5 months to complete the optional subject solely. Here we are giving the best suitable strategies for Commerce & Accountancy optional for the UPSC IAS Mains Exam.
- Aspirants should have an exhaustive knowledge about the syllabus of Commerce & Accountancy optional.
- Candidates should know the basic concept of Commerce & Accountancy to tackle Paper-II.
- Make short notes, flowchart and diagram will preparing. These short notes will help in revision time.
- Aspirants should guarantee that they are emphasizing sustainability and economic dimensions also.
- The essential part of UPSC IAS Exam preparation is solving the previous year’s UPSC Mains questions papers. For Commerce & Accountancy also aspirants should go through the Previous year question paper to extract an idea about exam patterns, trends, etc.
Commerce & Accountancy Paper I Important Topics
- Financial Accounting: Refer to J R Monga & D S Rawat. The focus area should be accounting standards. For the numerical, presentation is important, so give proper working notes along with them.
- Cost Accounting: Refer to Maheshwari & Mittal. Focus on theory and numerical equally.
- Taxation: Refer to Girish Ahuja. Here questions are of a graduation level only. The theory is important here also like exceptions to any rule/section, etc.
- Auditing: Refer to Aruna Jha.
- Financial Management: Refer to R P Rastogi. This portion may seem a bit tough. While you prepare to focus on the different models, concepts, terms, etc.
- Financial Markets and Institutions: Refer to Bharati V Pathak. Also look up steps taken by RBI, IRDA, SEBI, etc.
Commerce & Accountancy Paper II Important Topics
Paper 2 is full of a theory which, in my view, anybody can do it with ease. Questions are straightforward unlike that of Public Administration, etc. you may come across a lot of objective questions and with a little practice, you can score marks to your satisfaction. The theory includes organization theory, organization behavior, human resource management, and industrial relations.
As you know the marks of the optional paper are crucial to deciding your ranking in the final list, you to have to perform exceptionally well in the paper of your choice. Since the rest of the papers are compulsory for all, its only the optional paper that can make or break your fortune. So don’t try to do selective reading and gamble, as there is only one optional paper now.
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