The topics covered in Business Environment & Law at CS Foundation Level
- Introduction to Business Environment covering basics of macro and micro environment and its factors
- Important forms of Business Organisations and its features. Introduction to Scales of Business and Emerging trends in Business
- Business Functions, importance, limitations and functions of Financial Management, marketing, Human Resources and Information technology
- Introduction to Law and understanding legal terminologies
- Elements of Corporate Law such as Company Law, Law relating to Partnership and LLP
- Laws relating to Contracts, Sale of Goods and Negotiable Instruments
- Information Technology Act
- 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,
- 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
- 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
- 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
- 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
- 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.
1 Lectures 
