Chartered Accountancy is a course that doesn’t follow the normal college format that other professional courses have. The syllabus is designed in a way that students are supposed to prepare for their exams on their own in a way quite similar to that of distance education programs.
Though ICAI issues study materials and effective practice manuals for each subject, there are certain reference books that work well for IPCC self study.
Though a plethora of books from different publishers and authors are available for each subject, I have picked out the best based on my personal opinion and research on the same.
Accounting and Advanced Accounting: If you are going for self-study P.C Tulsian books has to be your best option. All concepts are well explained using a number of illustrations. There are plenty of solved examples and it includes past CA exam questions as well. For accounting, please do not ignore the Practice Manual. Questions for your exams are often lifted straight from the practice manual and study material. Use practice manual for practicing problems after getting a conceptual clarity regarding the topics.
Business Law, Ethics and Communication: There is no doubt that the best book for this subject is Munish Bhandari. The language is simple and the book follows a very readable tabular format. All previous questions asked in IPCC exams are integrated into the book.
Costing and Financial Management: For both these subjects, Padhuka has the best books out there. It is a problem-based paper and Padhuka books have a large number of solved problems and are pretty exhaustive. The solution is well described making the book highly suitable for self study.
Taxation: T.N Manoharan books have had the monopoly in this subject for quite a while and definitely for a reason. The book covers the topics well and is excellent for an exam based preparation. Conceptual understanding which is very important for a subject like this is a guarantee.
Auditing and Assurance: Surbhi Bansal has to be the best book for CA auditing self study. The coverage is exhaustive and the language is simple. The presentation of topics in a tabular format is attractive and makes it very easy to study. The styling of the book is very similar to that of Munish Bhandari’s law textbook. Students who find Munish Bhandari books good should like this one too.
IT and SM: For this subject, I would suggest students to go for the study material and practice manual itself. If you are still particular about getting a reference book, Dinesh Madan books are definitely the best for this subject.