UPSC Commerce & Accountancy Syllabus

Candidates preparing for the UPSC exam are suggested to carefully select the optional subject. Commerce & Accountancy is one of the optional papers that can be selected by the candidates, especially those from the Commerce background. After selecting the paper, the aspirants should start preparing for the same in a well-planned and strict manner. However, preparing for the paper requires the candidate to first gain familiarity with their syllabus. Candidates can find the complete information related to the UPSC Commerce & Accountancy syllabus 2023 from this article.

Commerce & Accountancy Syllabus for UPSC exam 2023

The Commerce & Accountancy paper is an ideal choice for the candidates with some background in Commerce stream. Syllabus for both the papers, Paper I and Paper II for which the UPSC exam will be held as Paper VI and Paper VII, is provided below in this post.

Syllabus for Paper I

  1. Finance and Cost Accounting, Taxation & Auditing
  2. Financing Accounting:

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, Accounting as a financial information system, Impact of behavioral sciences, Accounting Standards e.g., Accounting for Depreciation, Inventories, Research and Development Costs, Long-term Construction Contracts, Revenue Recognition, Employees Stock Option and Buy-Back of Securities, Preparation and Presentation of Company Final Accounts, Amalgamations, Absorption and Reconstruction of Companies

  1. Cost Accounting:

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, 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 of Profit Planning, Standard Costing and Variance Analysis, Responsibility Accounting and Divisional Performance Measurement

  1. Taxation:

Income Tax: Definitions, Basis of charge, Incomes which do not form part of total income, 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, 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

  1. Auditing:

Company Audit: Tax audit, Audit related to Divisible Profits, Audit of Banking, Insurance, Non-Profit Organization and Charitable Societies/ Trusts/ Organizations, Dividends, Special investigations

  1. Financial Management, Financial Institutions and Markets
  2. Financial Management:
  • Cost of Capital: Concept, Computation of Specific Costs and Weighted Average Cost of Capital, CAPM as a Tool of Determining Cost of Equity Capital
  • 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
  • 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
  • Dividend Decisions and Valuation of Firm: Walter’s Model, MM Thesis, Gordon’s Model Lintner’s Model, Factors Affecting Dividend Policy
  • 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
  1. Financial Markets and Institutions:
  • Indian Financial System: An Overview
  • Financial Services: Mutual Funds, Venture Capital, Credit Rating Agencies, Insurance and IRDA
  • Money Markets: Participants, Structure and Instruments, Commercial Banks, Reforms in 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

Syllabus for Paper II

  1. Organisation Theory and Behaviour
  2. Organisation Theory
  • 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
  • Nature and Concept of Organisation, External Environment of Organisation- Technological, Social, Political, Economical and Legal, Organizational Goals Primary and Secondary Goals, Single and Multiple Goals, Management by Objectives
  • 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
  • Evolution of Organisation theory: Classical Neo-classical and system approach, Modern Concepts of Organisation Theory, Organizational Design, Organizational Structure and Organizational Culture
  1. Organisation Behaviour
  • Meaning and Concept, Individual in organization, 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,
  1. Human Resources Management and Industrial Relations
  2. Human Resources Management (HRM)

Meaning Nature and Scope of HRM, Human Resource Planning, Salary and Wage Administration, Job Evaluation, Employee Welfare, Promotions, Transfers and Separations Job Analysis, Job Description, Job Specification, Recruitment Process, Selection Process, Orientation and Placement, Training and Development Process, Performance Appraisal and 360° Feedback,

  1. Industrial Relations (IR)
  • Meaning, Nature, Importance and Scope of IR, Formation of Trade Union, Trade Union Legislation, Trade Union Movement in India, Recognition of Trade Unions, Problems of Trade Unions in India, Impact of Liberalization on 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
Commerce and Accountancy

UPSC Commerce & Accountancy Syllabus Download PDF

UPSC Syllabus

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