The topics covered in Business Environment & Law at CS Foundation Level
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Introduction to Business Environment covering basics of macro and micro environment and its factors
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Important forms of Business Organisations and its features. Introduction to Scales of Business and Emerging trends in Business
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Business Functions, importance, limitations and functions of Financial Management, marketing, Human Resources and Information technology
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Introduction to Law and understanding legal terminologies
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Elements of Corporate Law such as Company Law, Law relating to Partnership and LLP
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Laws relating to Contracts, Sale of Goods and Negotiable Instruments
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Information Technology Act
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Role of CS-Duties and Responsibilities and Areas of Practice for Company Secretary
The best approach to studying for the Business Environment and Law paper is,
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Understanding concepts: Since this is a theory paper, understanding concepts becomes very important. Once you understand the concepts, the next time you read will be mere re-calling the concepts that you have understood
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Study Notes: Making short notes and mapping keywords in every paragraphs and graphical presentation of notes will help you recall important points to revise before exam
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Solving Mock Papers: It is very useful to solve mock papers as it familiarises you with the question paper pattern and the approach to solve analytical questions
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Updates: Law is a very dynamic subject with many amendments, updates and notifications. Keep updating yourselves with any such changes to be able to tackle tricky questions related to amendments applicable to your exam
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Revise: Always remember, it is always the power of re-calling in the exam that helps you excel. You may study once or twice, but your ability to revise and re-call what you have studied is what helps you during exams. Train you brain to re-call concepts as soon as you see the name of the topic.
