#CareerBytes: What are the best-recommended books for CA aspirants?
Chartered Accountancy (CA) is one of the toughest and most sought-after professional courses in the country. It is a three-level program offered by the Institute of Chartered Accountants of India (ICAI). Though the career path is challenging, CA is a respected and rewarding profession. Here are some of the best-recommended books for exam preparation that aspirants can refer to.
The CA course comprises three levels: Foundation, Intermediate, and Final. Intermediate and Final level examinations have two groups of papers each (Group I & II). Some good Foundation reference books include: Section-A Fundamentals of Accounting- CPT Grewal's Accountancy by MP Gupta & BM Aggarwal, Section-B Mercantile Laws- PPS Gogna or PC Tulsian, Section-C General Economics- SK Agarwal or Deepashree, Section-D Quantitative Aptitude- PN Arora.
Candidates preparing for Intermediate Group-I can refer to Accounting books by MP Vijay Kumar, PC Tulsian, and Padhuka. Law books by Munish Bhandari, GK Kapoor, Jayaraman, MP Vijay Kumar, and Padhuka are the best. For Costing and Financial Management, students can read books by PC Tulsian, Alok Agarwal & Mirdu Agarwal, and Padhuka. Taxation-related books by Singhania, TN Manoharan, Ahuja-Gupta, and Padhuka are popular.
Coming to Intermediate Group-II papers, best recommended books for Advanced Accounting include those by PC Tulsian, MP Vijay Kumar, and Padhuka. For Auditing, books by Surbhi Bansal, VK Agarwal, Kamal Garg, and Padhuka are popular. For Information Technology, books by Dinesh Madan and Padhuka are considered good while those by SS Khandare, AM Sheikh, and Padhuka are recommended for Strategic Management.
For Final Group-I, apart from ICAI Practice Manuals, Financial Reporting by MP Vijay Kumar and Accounting Standards by DS Rawat are recommended. For Strategic Financial Management, books by SD Bala & V Pattabhiram and AN Sridhar are popular. For Auditing, books by Surbhi Bansal, Vinod Kumar Agarwal, and Padhuka and for Corporate and Allied Laws, those by Munish Bhandari, Jayaraman, and Padhuka are preferred.
Coming to Final Group-II papers, Advancement Management Accounting books by Ravi M Kishore, Saxena & Vashist, and Padhuka are considered good. For Information Systems Control And Audit, books by Dinesh Madan, Manish Valecha, and Padhuka; and for Direct Taxes, Vinod Gupta, Singhania, TN Manoharan, and Padhuka are recommended. Indirect Taxes books by NS Govindan, Yogendra Bangar, Md. Rafi, and Ajay Jain are popular.