CS-FOUNDATION 2019

Exam Syllabus

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CS Foundation Exam Syllabus

PAPER 1: BUSINESS ENVIRONMENT AND LAW

PART A: BUSINESS ENVIRONMENT  : 

1. Business Environment : Introduction and Features; Concepts of Vision & Mission Statements; Types of Environment-Internal to the Enterprise(Value System, Management Structure and Nature, Human Resource, Company Image and Brand Value, Physical Assets, Facilities, Research & Development, Intangibles, Competitive Advantage),External to the Enterprise (MicroSuppliers, Customers, Market Intermediaries; Macro- Demography, Natural, Legal & Political, Technological, Economy, Competition, Sociocultural and International); Business Environment with reference to Global Integration; Comparative Analysis of Business Environment: India and Other Countries
2. Forms of Business Organization : Concept and Features in relation to following business modelsSole Proprietorship; Partnership; Company; Statutory Bodies and Corporations; HUF and Family Business; Cooperatives, Societies and Trusts; Limited Liability Partnership; OPCs; Other Forms of Organizations.
3. Scales of Business : Micro, Small and Medium Enterprises; Large Scale Enterprises and Public Enterprises; MNCs
4. Emerging Trends in Business : Concepts, Advantages and Limitations-Franchising, Aggregators, Business Process Outsourcing (BPO) & Knowledge Process Outsourcing (KPO); E-Commerce, Digital Economy
5. Business Functions : Strategic- Planning, Budgetary Control, R&D, Location of a Business, Factors affecting Location, Decision Making and Government Policy; Supply Chain-Objectives, Importance,
Limitations, Steps, Various Production Processes; FinanceNature, Scope, Significance of Financial Management, Financial Planning (Management Decisions – Sources of Funds,
Investment of Funds, Distribution of Profits); MarketingConcept, Difference between Marketing and Selling, Marketing Mix, Functions of Marketing; Human Resources- Nature,
Objectives, Significance; Services- Legal, Secretarial, Accounting, Administration, Information and Communication Technology; Social Functions.

PART B: BUSINESS LAWS 

6. Introduction to Law : Meaning of Law and its Significance; Relevance of Law to Modern Civilized Society; Sources of Law; Legal Terminology and Maxims; Understanding Citation of Cases
7. Elements of Company Law : Meaning and Nature of Company; Promotion and Incorporation of a Company; Familiarization with the Concept of Board of Directors, Shareholders and Company Meetings; Company Secretary; E-Governance
8. Elements of Law relating to Partnership and LLP : Nature of Partnership and Similar Organizations- Co-Ownership, HUF; Partnership Deed; Rights and Liabilities of Partners- New Admitted, Retiring and Deceased Partners; Implied Authority of Partners and its Scope; Registration of Firms; Dissolution of Firms and of the Partnership; Limited Liability Partnership Act.
9. Elements of Law relating to Contract : Meaning of Contract; Essentials of a Valid Contract; Nature and Performance of Contract; Termination and Discharge of Contract; Indemnity and Guarantee; Bailment and Pledge; Law of Agency
10. Elements of Law relating to Sale of Goods : Essentials of a Contract of Sale; Sale Distinguished from Agreement to Sell, Bailment, Contract for Work and Labour and Hire-Purchase; Conditions and Warranties; Transfer of Title by Non-Owners; Doctrine of Caveat Emptor; Performance of the Contract of Sale; Rights of Unpaid Seller.
11. Elements of Law relating to Negotiable Instruments : Definition of a Negotiable Instrument; Instruments Negotiable by Law and by Custom; Types of Negotiable Instruments; Parties to a Negotiable Instrument- Duties, Rights, Liabilities and Discharge; Material Alteration; Crossing of Cheques; Payment and Collection of Cheques and Demand Drafts; Presumption of Law as to Negotiable Instruments.
12. Elements of Information Technology Act : Cyberspace; Cyber laws; Scope of Cyber Laws; Classification of Cyber Crime; Information Technology Act 2000; Regulation of Certifying Authorities; Adjudication. 
13. Role of CS- Duties and Responsibilities, Areas of Practice : Introduction; Role of Company Secretary under Companies Act, 2013- Role of Company Secretary in Employment, Role of Company Secretary in Practice; Recognition to Company Secretary in Practice under Various Laws.

PAPER 2: BUSINESS MANAGEMENT, ETHICS & ENTREPRENEURSHIP

PART A: BUSINESS MANAGEMENT 

1. Nature of Management and its Process : Meaning, Objectives, Importance; Nature of Management- Science, Art, Profession; Evolution of Management; Management FunctionsPlanning, Organising, Personnel Management, Directing and Control; Principles of Management- Fayol and Taylor Principles; Managerial Skills; Task and Responsibilities of Professional Manager
2. Planning : Concept, Features, Importance, Limitations; Planning process; Types of Plans- Objectives, Strategy, Policy, Procedures, Method, Rule, Budget; Plan vsProgramme- Policies and Procedures; Decision making
3. Organizing : Concept, Features, Importance, Limitations; Organising process; Types of Organisation; Structure of Organisation; Centralisation and DeCentralisation; Delegation; Growth in Organisation
4. Human Resource Management : Concept, Features, Importance, Limitations; Recruitment processSelection; Training and Development- Methods; Functions of Personnel Manager; Performance Management; Appraisal Methods; Human Resource Planning,; Talent Management; Organization Development
5. Direction and Co-ordination : Direction: Concept, Features, Importance, Limitations; Elements of Directing- Supervision, Motivation, Leadership, Communication; CoOrdination-Concept, Features, Importance, Limitations; Co-Ordination Types- Internal and External; Co-Ordination- the Essence of Management
6. Controlling : Concept, Features, Importance, Limitations; Control process; Essentials of a Good Control System; Techniques of ControlTraditional and Non-Traditional Control devices; Relationship Planning and Controlling
7. Recent Trends in Management : Change Management; Crisis Management; Total Quality Management; Risk Management; Global Practices

PART B: BUSINESS ETHICS 

8. Business Ethics : Overview of Ethics in Business; Elements; Ethical principles in Business- Indian and Ancient Indian Perspective

PART C: BUSINESS COMMUNICATION 

9. Business Communication : Concept, features, importance, limitations; means of CommunicationWritten, Oral, Visual, Audio Visual; Principles and Essentials of Business Communication; Process of Communication; Barriers to Communication
10. Essentials of Good English : Grammar and Usage; enriching vocabulary, words- multiple meaning, single word for a group of words, choice of words, words frequently misspelt, punctuations, prefix and suffix, parts of speech, articles; synonyms and antonyms, tenses, idioms and phrases; foreign words and phrases commonly used; abbreviations and numerals; pronunciation, Latin, French and Roman words used in abbreviated form; Legal Terminologies- idioms and phrases
11. Business Correspondence : Introduction; Meaning of Business Correspondence; Importance of Business Correspondence; Essential Qualities of a Good Business Letter; Parts of a Business Letter; Types of Business Letters; Human Resource; Purchase; Sales; Accounts
12. Interdepartmental Communication : Internal memos; messages through Electronic Media; Public Notices and Invitations; Representations to Trade Associations, Chambers of Commerce and Public Authorities
13. E Correspondence : Concept of E-Correspondence: Web, Internet; Concept of e-mailHistory of E-mail, Features; Electronic Mail System- optimizing personal e-mail use, proper E-mail Correspondence, E-Mail Etiquette; Advantages and Disadvantages of E-mail; Intranet- Benefits of Intranet, Purpose of Intranet

PART D: ENTREPRENEURSHIP

14. Entrepreneurship : Four Key elements of Entrepreneurship; Traits of an Entrepreneur; Characteristics of an Entrepreneur; Who is an Entrepreneur; Why Entrepreneurship; Types of Entrepreneur
15. Entrepreneurship-Creativity and Innovation : Creativity and Innovation in an Entrepreneurial organisation; Tools for Environment Scanning- SWOT Analysis, PESTLE Analysis, Porters approach to Industry Analysis; Environmental Scanning Process; Types of Environmental Scanning; Market Assessment; Assessment of Business Opportunities- Developing Effective Business Plans, identification and evaluation of the opportunity, Determination of the required Resources, management of the resulting enterprise
16. Growth and Challenges of Entrepreneurial Ventures : Entrepreneurial opportunities in contemporary business environment; Strategic Planning for emerging venture- Financing the entrepreneurial Business, Resource Assessment- Financial and NonFinancial; Fixed and Working Capital Requirement; Funds flow;  Sources and means of Finance; Managing the growing BusinessEffecting Change, Modernization, Expansion and Diversification
17. Social Entrepreneurship : Introduction; Definition of Social Entrepreneurship; Who is a Social Entrepreneur; how to identify a Social Entrepreneurship Opportunity; Creating a social business model; Funding social ventures; Strategies for success; Challenges for the Indian Social Enterprise Sector
18. Government Initiatives for Business Development : Skill India; Ease of Business; Start Up India; Stand Up India

PAPER 3: BUSINESS ECONOMICS

PART A: ECONOMICS 

1. The Fundamentals of Economics : The Economic Problem-Scarcity and Choice; Nature and ScopePositive and Normative Economics, Micro and Macro Economics; Central Problems of an Economy; Production Possibility Curve; Opportunity Cost; Working of Economic Systems; Economic Cycles
2. Basic Elements of Demand and Supply : Demand- Meaning, Demand Schedule, Individual and Market Demand Curve, Determinants of Demand, Law of Demand, Changes in Demand; Supply- Meaning, Supply Schedule, Individual and Market Supply Curve, Determinants of Supply, Law of Supply, Changes in Supply; Equilibrium of Demand and Supply- Determination of Equilibrium Price and Quantity, Effect of a shift in Demand or Supply; Elasticity of Demand and Supply
3. Theory of Consumer Behaviour : Cardinal Utility Approach-Law of Diminishing Marginal Utility, Law of Equi-Marginal Utility; Indifference Curve Approach- Indifference Curves, Properties of Indifference Curves, Budget Line, Consumer’s Equilibrium
4. Theory of Production and Costs : Theory of Production- Factors of Production, Basic Concepts, Production Function, Law of Variable Proportions, Returns to Scale; Producer’s Equilibrium- Least-Cost Factor Combination and Output Maximisation for a given Level of Outlay; Theory of Costs- Basic Concepts, Short-run Total Cost Curves- Fixed and Variable, Short-run Average and Marginal Cost Curves, Relationship between Average and Marginal Cost Curve, Average and Marginal Cost Curves in the Longrun
5. Analysis of Markets : Basic Concepts of Revenue, Revenue Curves, Relationship between Average and Marginal Revenue Curve; Concept of Market and Main Forms of Market; Equilibrium of the Firm- Meaning, Objectives of the Firm, Total Revenue-Total Cost Approach, Marginal Revenue-Marginal Cost Approach; Price and Output Determination under Perfect Competition, Monopoly, Monopolistic Competition and Oligopoly.
6. Indian Economy- An Overview : Basic Characteristics of the Indian Economy; Major Issues of Development; Development Experience and Recent Trends in Indian Economy; Indian Economy in Comparison to Major Economies of the World
7. Basic Elements of Money and Banking : Concept of Money-Its Functions, Quantity Theory of Money, Credit Creation; Central Bank (Reserve Bank of India)-Role and Functions; Commercial Banks-Role and Functions; Basic Elements of E-Banking; Monetary Policy in India

PART B: ELEMENTARY STATISTICS 

8. Descriptive Statistics : Statistics- Definition, Functions, Scope, Application in Business, Law of Statistics, Limitations of Statistics; Collection and Presentation of Statistical Data-Primary and Secondary Data, Classification and Tabulation, Frequency Distribution, Cross Tabulation; Diagrams and Graphs; Measures of Central Tendency-Mean, Median, Mode; Measures of Dispersion-Mean Deviation, Standard Deviation, Range, Coefficient of Variation; Bi-variate Analysis–Covariance, Coefficient of Correlation.
9. Mathematics of Finance and Elementary Probability : Mathematics of Finance-Simple Interest, Compound Interest; Time Value of Money-Compounding & Discounting, Present Value & Future Value of an Annuity; Probability- Random Experiments, Sample Spaces, Events and Probability, Approaches to Probability- Classical & Empirical; Expected Value.

PAPER 4: FUNDAMENTALS OF ACCOUNTING AND AUDITING

PART A: FUNDAMENTALS OF ACCOUNTING 

1. Theoretical Framework : Meaning and Scope of Accounting; Accounting Concepts; Accounting Principles, Conventions and Standards – Concepts, Objectives, Benefits; Accounting Policies; Accounting as a Measurement Discipline Valuation Principles, Accounting Estimates
2. Accounting Process : Documents & Books of Accounts- Invoice, Vouchers, Debit & Credit Notes, Day books, Journals, Ledgers and Trial Balance; Capital and Revenue- Expenditures and Receipts; Contingent Assets and Contingent Liabilities; Rectification of Errors
3. Bank Reconciliation Statement : Meaning; Causes of difference between Bank Book Balance and Balance as per Bank Pass Book /Bank Statement; Need of Bank Reconciliation Statement; Procedure for Preparation of Bank Reconciliation Statement
4. Depreciation Accounting : Brief of various Methods; Computation and Accounting Treatment of Depreciation (Straight line and Diminishing Balance Method); Change in Depreciation Methods
5. Preparation of Final Accounts for Sole Proprietors : Preparation of Profit & Loss Account; Balance Sheet
6. Partnership Accounts : Goodwill- Nature of Goodwill and Factors Affecting Goodwill; Methods of Valuation- Average Profit, Super Profit and Capitalization Methods; Treatment of Goodwill; Final Accounts of Partnership FirmsAdmission of a Partner, Retirement/Death of a Partner, Dissolution of a Partnership Firm;
7.Joint Venture and Consignment Account : 
8. Introduction to Company Accounts : Issue of Shares and Debentures; Forfeiture of Shares; Re-Issue of Forfeited Shares; Redemption of Preference Shares
9. Accounting for Non-Profit Organizations : Receipt and Payment Accounts; Income and Expenditure Accounts
10. Computerized accounting environment :  Basic Utility of SAP, TALLY, ERP

PART B: FUNDAMENTALS OF AUDITING 

11. Auditing : Concepts and Objectives; Principles of Auditing; Types of Audit; Evidence in Auditing; Audit Programmes
12. Audits and Auditor’s Reports : Internal Audit; Statutory Auditor- Appointment, Qualification, Rights and Duties; Secretarial Audit- An Overview; Cost Audit- An Overview; Reporting Types, Meaning, Contents, Qualifications

1. Note :  No. There is no negative marking for the wrong answer.
2. Duration : 180 Mint (Per Papers)
3. There will be four papers containing 50 questions each.
4. For each correct answer, candidate will be awarded 2 marks.
5. Maximum marks to be scored in each paper is 100.

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