CS Foundation Syllabus And Exam Pattern 2019

CS Foundation Syllabus And Exam Pattern 2019

CS Foundation Syllabus And Exam Pattern 2019

CS Foundation Syllabus And Exam Pattern: Are you preparing for CS Foundation Exam? Have you checked the latest CS Foundation Syllabus?

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CS Foundation Syllabus And Exam Pattern

ICSI has changed CS syllabus recently. Here you can check current CS Foundation Syllabus 2019, which is applicable from June 2019 Exams.

The Institute of Company Secretaries of India conducts CS Foundation Exam in on June 2019 and December 2019.

After completion of 10+2 class, you can appear in CS Foundation program examination. CS Foundation is the entry-level exam of Company Secretaries course.

Check CS Foundation Syllabus and Exam Pattern 2019 from below.

CS Foundation Syllabus 2019

CS Foundation has four papers as below.

  • PAPER 1: BUSINESS ENVIRONMENT AND LAW
  • PAPER 2: BUSINESS MANAGEMENT, ETHICS & ENTREPRENEURSHIP
  • PAPER 3: BUSINESS ECONOMICS
  • PAPER 4: FUNDAMENTALS OF ACCOUNTING AND AUDITING

PAPER 1: BUSINESS ENVIRONMENT AND LAW

PART A: BUSINESS ENVIRONMENT (40 MARKS)

  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 (60 MARKS)

  1. 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
  2. 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
  3. 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.
  4. 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
  5. 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.
  6. 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.
  7. 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.
  8. 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 PracticeRecognition to Company
    Secretary in Practice under Various Laws.

PAPER 2: BUSINESS MANAGEMENT, ETHICS & ENTREPRENEURSHIP

PART A: BUSINESS MANAGEMENT (40 Marks)
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
between Planning and Controlling
7. Recent Trends in Management
Change Management; Crisis Management; Total Quality Management; Risk Management; Global Practices

PART B: BUSINESS ETHICS (10 MARKS)

  • Business Ethics
    Overview of Ethics in Business; Elements; Ethical principles in Business- Indian and Ancient Indian Perspective

PART C: BUSINESS COMMUNICATION (25 MARKS)

  • 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
  • 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
  • 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
  • Interdepartmental Communication
    Internal memos; messages through Electronic Media; Public Notices and Invitations; Representations to Trade Associations, Chambers of Commerce and Public Authorities
  • 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 (25 MARKS)

  • Entrepreneurship
    Four Key elements of Entrepreneurship; Traits of an Entrepreneur; Characteristics of an Entrepreneur; Who is an Entrepreneur; Why Entrepreneurship; Types of Entrepreneur
  • 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
  • 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 Business Effecting Change, Modernization, Expansion and Diversification
  • 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
  •  Government Initiatives for Business Development
    Skill India; Ease of Business; Start Up India; Stand Up India

PAPER 3: BUSINESS ECONOMICS

PART A: ECONOMICS (80 MARKS)

  1. The Fundamentals of Economics
    The Economic Problem-Scarcity and Choice; Nature and Scope Positive 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 (20 MARKS)

  1. 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 AnalysisCovariance, 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 (70 MARKS)
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 (30 MARKS)

  1. Auditing
    Concepts and Objectives; Principles of Auditing; Types of Audit; Evidence in Auditing; Audit Programmes
  2. 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

CS Foundation Exam Pattern Dec 2019

Mode of exam

Computer-based

Medium of exam

English/ Hindi (English is mandatory for Business Management, Ethics and Communication papers)

Number of papers

4

Number of questions

50 per paper

Type of questions

Objective

Marking scheme

2 marks for each correct response

No negative marking

Qualifying Marks / Cut-offs for CS Foundation

You should score a minimum of 40% marks to pass in the Foundation Programme examination and 50% aggregate mark of all subjects.

  • 40% marks in each subject
  • 50% marks in the aggregate of all subjects

Details of the CS Computer Based Examination

  • You have to attend a computer-based exam (CBE) instead of pen and paper-based.
  • You will get an easy to use computer interface and no need for previous knowledge of computer. You have to use computer-mouse to attempt the questions.
  • You can attend the CS Foundation Examination anywhere in India and abroad.
  • You will get 50 Multiple Choice Questions (MCQs) of two marks each in every subject of CBE. The first day, you have to attend Paper -1 and Paper – 2, carrying 100 MCQs in all, and time duration is 90 minutes for examination. The similar pattern you will see in the second-day exam for Paper – 3 and Paper – 4.

You can go through a practice test on the ICSI website. You should practice as many times as possible to improve your proficiency level.

We have covered a detailed guide on CS Foundation Syllabus and exam pattern 2019. Feel free to ask any questions related CS Foundation and Exam Pattern in the comment section below.

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