• Eight-month regular concept-cum-mentorship classes. Three classes of 2 hrs per week on alternate days. Doubt sessions extra.
• Four stage tests: 1. Live concept tests 2. Chapter tests 3. Subject tests 4. Comprehensive/mock test.
• Complete study material, 45-years PYQ solutions, access to green font materials, extra practice questions & home-assignments.

UPSC Commerce & Accountancy Syllabus

(500 Marks - Two papers of 250 marks each)

Paper One

ACCOUNTING & FINANCE

PART I

Accounting, Taxation & Auditing

Financial Accounting

1. Accounting as a financial Information System; Impact of behavioral sciences.
2. 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.
3. Accounting for Share Capital Transactions including Bonus Shares, Right Shares, Employees Stock Option and Buy-Back of Securities.
4. Preparation and Presentation of Company Final Accounts.
5. Amalgamation, Absorption and Reconstruction of Companies.

Cost Accounting:

1. Nature and functions of Cost Accounting. Installation of Cost Accounting System.
2. Cost Concepts related to Income Measurement, Profit Planning, Cost Control and Decision Making.
3. Methods of costing: Job Costing, Process Costing, Activity Based Costing.
4. Volume – cost – Profit Relationship as a tool of Profit Planning. Incremental Analysis /Differential Costing as a Tool of Pricing Decisions, Product Decisions, Make or Buy Decisions, Shut Down Decisions etc.
5. Techniques of Cost Control and Cost Reduction: Budgeting a Tool of Planning and Control. Standard Costing and Variance Analysis.
6. Responsibility Accounting and Divisional Performance Measurement.

Taxation:

1. Income Tax: Definitions; Basis of Charge; Incomes which do not form Part of Total Income.
2. Simple problems of Computation of Income (of Individuals only) under Various Heads, i.., Salaries, Income from Business or Profession, Capital Gains, Income from other sources.
3. Income of other Persons included in Assessee’s Total Income.
4. Set – Off and Carry Forward of Loss.
5. Deductions from Gross Total Income.
6. Salient Features/Provisions Related to VAT and Services Tax.

Auditing:

1. Company Audit; Audit related to Divisible Profits, Dividends.
2. Special investigations, Tax audit.
3. Audit of Banking, Insurance, Non-Profit Organisations and Charitable Societies/Trusts/ Organisations

Financial Management, Financial Institutions and Markets

Financial Management:

1. Finance Function: Nature, Scope and Objectives of Financial Management: Risk and Return Relationship.
2. Tools of Financial Analysis: Ratio Analysis, Funds-Flow and Cash-Flow Statement.
3. Capital Budgeting Decisions: Process, Procedures and Appraisal Methods. Risk and Uncertainty Analysis and Methods.
4. Cost of capital: Concept, Computation of Specific Costs and Weighted Average Cost of Capital. CAPM as a Tool of Determining Cost of Equity Capital.
5. 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.
6. Dividend Decisions and Valuation of Firm: Waltr’s Model, MM Thesis, Gordan’s Model Lintner’s Model. Factors Affecting Dividend Policy.
7. Working Capital Management: Planning of Working Capital. Determinants of Working Capital. Components of Working Capital Cash, Inventory and Receivables.
8. Corporate Restructuring with focus on Mergers and Acquisitions (Financial aspects only)

Financial Markets and Institutions:

1. Indian Financial System: An Over view
2. Money Markets: Participants, Structure and Instruments. Commercial Banks. Reforms in Banking sector. Monetary and Credit Policy of RBI. RBI as a Regulator.
3. Capital Market: Primary and Secondary Market. Financial Market Instruments and Innovative Debt Instruments; SEBI a Regulator.
4. Financial Services: Mutual Funds, Venture Capital, Credit Rating Agencies, Insurance and IRDA.

Paper II

Organisation Theory:

1. Nature and Concept of Organisation; External Environment Organizations Technological, Social, Political, Economical and Legal.
2. Organizational Goals – Primary and Secondary goals, Single and Multiple Goals; Management by Objectives.
3. Evolution of Organisation Theory: Classical, Neo-classical and Systems Approach. Modern Concepts of Organisation Theory:
4. Organisational Design-Organisational Structure and Organisational Culture.
5. Organisational Design- Basic Challenges;

• Differentiation and Integration Process;
• Centralization and Decentralization Process;
• Standardization / Formalization and Mutual Adjustment.
• Coordinating Formal and Informal Organizations.

6. Mechanistic and Organic Structures.
7. Designing Organizational structures – Authority and Control; Line and Staff Functions, Specialization and Coordination.
8. Types of Organization Structure Functional. Matrix Structure, Project Structure.
9. Nature and Basis of Power. Sources of Power, Power Structure and Politics.
10. Impact of Information Technology on Organizational Design and Structure.
11. Managing Organizational Culture.

Organ. Behaviour:

1. Meaning and Concept
2. Individual in organizations:

• Personality, Theories and Determinants
• Perception – Meaning and Process.
• Motivation: Concepts,  Theories and Applications.

3. Leadership Theories and Styles.
4. Quality of work Life (QWL): Meaning and its impact on Performance, Ways of its Enhancement. Quality Circles (OC) – meaning and their Importance
5. Management of Conflicts in Organizations.
6. Transactional Analysis.
7. Organizational Effectiveness,
8. Management of Change.

Human Resources Mgt.

1. Meaning, Nature and Scope of HRM.
2. Human Resource Planning, Job Analysis, Job Description, Job Specification,
3. Recruitment Process, Selection Process, Orientation and Placement,
4. Training and Development Process.
5. Performance Appraisal and 360⁰ Feed Back.
6. Salary and wage administration, Job Evaluation,
7. Employee welfare, Promotions, Transfers and Separations.

Industrial Relations:

1. Meaning, Nature, Importance and Scope of IR,
2. 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 Trade Union Movement.
3. Nature of Industrial Disputes: Strikes and Lockouts, Causes of Disputes, Prevention and Settlement of Disputes.
4. Worker’s Participation in Management: Philosophy Rationale, Present Day Status and Future Prospects.
5. Adjudication and Collective Bargaining.
6. Industrial Relations in Public Enterprises,
7. Absenteeism and Labour Turnover in Indian Industries and their Causes and Remedies.
8. ILO and its Functions.

Fee: Face-to-face ₹ 59,000.  Online ₹ 55,000 respectively. Single paper not available in Advanced Batch.