[Studyplan] Best Strategy & Studyplan for Commerce Optional UPSC by Topper Deepak Singla Rank 55 AIR, 2011, Cracked in 1st Attempt, Chartered Accountant

UPSC Commerce Paper 1

Strategy for UPSC Commerce- Paper 1

I think there is sufficient number of candidates opting for commerce as an optional as it is very scoring optional and easy to cover as well, particularly if you are a CA; even for B.Com, M.Com
candidates it is not difficult to score in commerce provided sufficient practice has been done for this subject.

One more advantage with this optional is that normally two weeks leave are available during exam for revising the syllabus which is an added advantage as compared with other optionals. Paper 1 consists more of practical questions which if practiced properly can easily take your score above 200. So the key for scoring more marks in paper 1 is PRACTICE. Theory based questions should also be prepared carefully as compulsory questions are theory based only and current affairs related questions are asked now a days.

If you carefully see the syllabus of Paper 1, one can notice that the level of Paper 1 is equivalent to CA (Inter or IPCC) or B.Com (Hons), hence books of that level are sufficient to cover the entire syllabus and one should not read the entire books which i am going to prescribed rather only syllabus provided by UPSC should be covered from those books.

Accounting :

Corporate Accounting – Naseem Ahmed (A very good & simple book to cover entire topics, selected topics only)

Accounting Standards- D. S. Rawat (Cover AS 1-20, 22 & 26 in detail & practice numerical also)

Cost Accounting :

Cost Accounting; Theory & Problems- Maheshwari & Mittal (Selected topics to cover syllabus of UPSC only)

Auditing :

Students’ Guide to Auditing- Aruna Jha (Taxmann) (Selected topics only)

Taxation- Income Tax, Service Tax & VAT :

Income Tax book by- V.K. Singhania or Girish Ahuja

                       OR

CA IPCC- Ajay Jain (This book is wonderfully written by Mr. Ajay Jain and I have taken coaching during my CA from this teacher and hence this book should be referred only after you are comfortable with its writing style as it is not explained in detail but its presentation is very good and tax provisions can be easily remembered. So select this book after consultation only, all the above topics are covered by this book)


Following is the link for a Income Tax book by Mr. Bhavin Pathak. This book is written in a wonderful way and one should download for covering Income Tax part from this book.


http://www.caclubindia.com/forum/income-tax-notes-for-ipcc-ay-2012-13-may-2012--190701.asp#.UAzjg7Q2Nkl

Financial Management:

Financial Management; Text & Problems- Khan & Jain (ALL CHAPTERS, sufficient to cover the entire syllabus)

Financial Markets & Institutions:


Indian Financial System- M.Y. Khan

               OR                                               
Selected Topics to cover syllabus only :

Financial Institutions & Markets- L.M. Bhole

Above books are sufficient to cover the entire syllabus for paper-1 and one need to practice regularly to get a hold over this paper. One can see its own source as well for the above syllabus as for his/her own comfort like I used by CA books for covering some of the syllabus.

  • While practicing the numerical, one should make all working notes at one place either before or after the main answer.
  • Paper is usually lengthy so one should make a habit of drawing lines or format for answer with pen only to save time.
  • Clarity in answer should be visible to fetch more marks.


UPSC Commerce Paper 2

Strategy for UPSC Commerce Paper-2

Paper 2 of commerce is totally theoretical and causes a lot of problem for many candidates due to non availability of good material. One advantage with this paper is that its syllabus overlaps with the Public Administration Paper-1 and thus helps in saving of time and better answer writing.

One important thing to get better marks in paper-2 is WRITING PRACTICE and use of examples from current affairs and corporate life. Let me first pin down source of reading for paper-2.

Organisation Theory & Behaviour :

Organisation Theory & Behaviour- B.P. Singh & T.N. Chabra

Organisation Behaviour- L.M. Prasad

Human Resource Management :

Human Resource Management- C.B.Gupta

Human Resource Management- K. Ashwathapa (Tata McGraw Hill)

Industrial Relations :

Industrial Relations- T.N. Chabra & R.K.Suri

Dynamics of Industrial Relations- C.B. Mamoria & Satish Mamoria

Although above books are sufficient to cover the syllabus of UPSC still if you can get the RANKERS NOTES (available in the market) in addition to above books for paper-2, it will be helpful to you.


Notes: 
  • Use of diagrams can increase the score in paper 2; diagram should be drawn with the use of Pencil only.
  • Recent examples from corporate life & current affairs will fetch more marks.
  • Writing practice will ensure better content.
  • Answer should be given in simple and easy language.
  • No part of syllabus should be left.
  • Help can also be taken from the MBA books, if available


Paper 2 is though theoretical; still more than 170 marks can be easily scored in it. I will advice candidates to put equal effort on both the papers as it is very easy to score more than 350 marks in commerce which can ensure your interview call and good rank in the civil service.


My Complete Commerce Book List 


UPSC Commerce Paper - 1 

1. Accounting
 Corporate Accounting – Naseem Ahmed (A very good & simple book to cover entire topics, selected topics only)
Accounting Standards- D. S. Rawat (Cover AS 1-20, 22 & 26 in detail & practice numerical also)
 
2. Cost Accounting
Cost Accounting; Theory & Problems- Maheshwari & Mittal (Selected topics to cover syllabus of UPSC only)

3. Auditing

4. Taxation- Income Tax, Service Tax & VAT
Income Tax book by- V.K. Singhania or Girish Ahuja

Following is the link for a Income Tax book by Mr. Bhavin Pathak. This book is written in a wonderful way and one should download for covering Income Tax part from this book.

5. Financial Management
Financial Management; Text & Problems- Khan & Jain ( ALL CHAPTERS, sufficient to cover the entire syllabus)

6. Financial Markets & Institutions
               OR                                            

 Selected Topics to cover syllabus only


UPSC Commerce Paper - 2 
1. Organisation Theory & Behaviour
Organisation Theory & Behaviour- B.P. Singh & T.N. Chabra
   
2. Human Resource Management
 
  3. Industrial Relations


My Marks- CSE-2011

Subjets
                 
Marks
Essay
102
General Studies Paper-1
131
General Studies Paper-2
153
Commerce Paper-1
210
Commerce Paper-2
116
Public Administration Paper-1
116
Public Administration Paper-1
204
Total Written

1032
Interview
180
Total 

1212



Source: Here

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