CA IPCC Reference Books for May 2017 & Nov 2017 exams were updated. Issues like, What are the best recommended books for CA IPCC by ICAI arise often. Few IPCC students study any one book and few others study multiple books for a single subject. To solve this issue, We will be providing a complete list of recommended books for CA IPCC Students.
These books were listed out by FinApp Editorial Team, based on various polls taken from the fellow students and also the All India Toppers. The book that most professors and CA IPCC All India toppers has suggested is the ICAI Practice Manual. Whenever you read the interview of a topper, you see that they have prepared from Practice Manual at least once.
Other than the ICAI Practice Manual, there are also other books by the private publications which are good in quality and will help students in their exam preparation.
Group -1 Recommended Books
Best Reference Books for Accounts:
There are many authors providing books for CA IPCC Accounts. One famous author among the students is PC Tulsian. This books has very wide market share and was recommended by many rankers.
For certain chapters like Partnership Accounts, Hire Purchase we recommend this book. There are many solved questions and also practice questions.
However, For IPCC Accounting Standards, relying only on this book is not recommended. Students preparing from PC Tulsian Accounts Books should look into ICAI Practice Manual also.
For Certain Chapters like Amalgamation and Mergers, we can conclude that Praveen Sharma’s Accounts Book is on the top of the list.
We can conclude that, both PC Tulsian and IPCC Accounts book by Praveen Sharma are very good and will help the students in a long way in their exam preparation.
For Accoounting Standards, DS Rawat’s Book is the best one availalable in the market as of now.
1. PC Tulsian
This book is designed to serve as a self-study text for a first course in Accountancy CA IPCC (Group – I). Conforming to schedule III to the ‘Companies Act’, this new edition provides essential guidance for understanding complex accounting principles and practices.
3. Praveen Sharma
4. DS Rawat for Accounting Standards
Reference Books for Law:
The most probable book choice for CA IPCC Law Ethics and Communication is from Munish Bhandari. Even though the Company Law portion is lenghty in this book, Ethics and Communication portion was covered well.
There is another famous publisher providing IPCC Law books, who happens to be ‘Padhuka’. The Business Law portion in this book is pretty impressive in Padhuka’s Law book when compared to Munish Bhandari.
1. Munish Bhandari
Suggested Books for Costing FM:
Costing Accounting and Financial Management paper requires students to prepare as many different problems as they could.
The more questions you practice, the better you get at the subject. One such book which offers hundreds of practical problems in Costing FM is from ‘Padhuka’.
Padhuka is one of the best books available in the market and it should be an outright choice for CA IPCC Students preparing for Costing and FM Paper.
Apart from padhuka, as shown below, we will also recommend students to go through ICAI Practice Manual too.
Recommended Books for Taxation:
Taxation is one of the crucial subjects in entire CA IPCC Syllabus. A strong foundation in Tax will help you in a long way in CA Final exams and also further in the future.
If scoring good marks is your primary motive, we would suggest you to go for TN Manoharan’s Book for Tax. The books is very exam oriented and student friendly.
There is another good book from Taxmann. Students may find it hard to read from this book in the first glance, but as you keep looking, you will find that this is one of the best books for CA IPCC Taxation. Students who are planning to set up a practic as a CA in future should read this book.
Padhuka’s Tax books is another exam oriented book with more exam oriented problems and concepts.
1. TN Manoharan
Reference Books for Group-2
Advanced Accounting Books
1. Praveen Sharma
Books for Auditing:
1. Surbhi Bhansal
Top Reference books for IT SM:
- Dinesh Madan for IT
- Padhuka for SM
- Practice Manual