CS -FP:Syllabus and Books

CS -FP:Syllabus and Books

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CS-Foundation Programme for Syllabus and Books by ICSI

CS - Foundation Programme : Syllabus and Books

 English and Business Communication

CS_FP :: Foundation Programme
Paper 1 : English and Business Communication
[One paper: Three Hours – 100 marks]
Level of Knowledge :
Working knowledge.
Objective . . .
To help students acquire competence in English to use the language.
Detailed Contents . . .
Part A : English (50 Marks)
1. 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 which are used in abbreviated form like “e.g., RSVP, viz. etc.”.
2. Essay Writing
Essays on matters of current interest on trade, commerce, industry and
3. Precis Writing
Preparation of summary of office notes; summary of matters appearing in
economic and commercial dailies and journals for use in committee meetings
in the office; summary of decisions taken in meetings and conferences.
Part B : Business Communication (50 Marks)
4. Business Communication
Meaning and significance of good communication; principles of business
communication; means of communication ­ oral, written, visual, audiovisual;
essentials of a good business letter, etc.
5. Business Correspondence
Personnel : drafting of interview letters, call letters and offer of appointment;
provisional appointment orders; final orders of appointment.
Purchase : requests for quotations, tenders, samples and drawings; test order;
complaints and follow­up.
Sales : drafting of sales letters, circular letters, preparation of sale notes with
conditions of sale; status inquiries; reports to sales manager such as sales
promotion matters.
Accounts : correspondence with various agencies : customers ­ regarding dues,
follow up letters; banks ­ regarding over­drafts, cash credits and account
current, insurance companies ­ regarding payment, renewal of insurancepremium, claims and their settlement.
Secretarial : correspondence with shareholders and debenture­holders
pertaining to dividend and interest, transfer and transmission, Stock
Exchanges, Registrar of Companies and various authorities like Reserve Bank
of India, SEBI.
Miscellaneous : Resume, letter of application, goodwill messages, condolence
6. Administration and Miscellaneous
Drafting of telegraphic and facsimile messages, messages through electronic
media; public notices and invitations; representations to Trade Associations,
Chambers of Commerce and public authorities.
7. Inter‐departmental Communication
Internal memos; office circulars; office orders; office notes; representation to
chief executive and replies thereto; communication with regional/branch
8. Preparation of Press Releases.
• Students should refer a good dictionary, grammar and thesaurus book.
Economics and Statistics
CS_FP :: Foundation Programme
Paper 2 : Economics and Statistics
[One paper: Three Hours – 100 marks]
Level of Knowledge :
Basic knowledge.

Objective . . .
To provide basic and conceptual understanding of economic concepts, principles of economics and
statistical tools to interpret and analyse various economic phenomena.
Detailed Contents . . .
Part A : Economics (50 Marks)

1. Nature and Scope of Economics
Definition, nature and scope of economics; micro and macroeconomics;
positive and normative economics; working of economic systems with special
reference to the capitalistic, socialistic and the mixed economies.
2. Demand and Supply Analysis

Utility analysis ‐ total utility and marginal utility; law of diminishing marginal
utility; law of equi­marginal utility; consumers’ equilibrium; law of demand;elasticity of demand; law of supply, elasticity of supply; demand and supply
3. Production, Costs and Revenue Analysis
Factors of production, meaning of production, laws of returns; returns to
scale; cost concepts and cost curves; revenue concepts and revenue curves.
4. Market Forms and Equilibrium of the Firm and Industry
Market forms ­ meaning and characteristics; price and output Introduction of
New Syllabus of the Company Secretaryship Course Student Company
Secretary 36 November 2007 determination and equilibrium of firm and
industry under perfect competition, monopoly and monopolistic competition.
5. Basic characteristics of Indian Economy
Role of Agriculture, Industry & Service Sectors in the development of the
Indian Economy; National income of India – Concept, significance, trends and
measurement of national income.
6. Select Areas of Indian Economy
Population – size and growth and impact of population on economic
development; unemployment –nature, various measures to reduce it; foreign
trade and India’s balance of payments. Five Year Plans and economic
development; fiscal policy and national budget.
7. Money and Banking
Concept of money – its functions; Commercial Banks – role and functions;
quantity theory of money; credit creation; Reserve Bank of India and its
functions and monetary policy.
8. Economic Reforms and Liberalisation
Major economic reforms since 1991; Globalisation and its impact on Indian
Economy; concept of WTO­ an overview.
Part B : Statistics (50 Marks)

9. Descriptive Statistics
Definition and functions of statistics, statistical techniques commonly used in
business activities, law of statistics, limitations of statistics.
10. Collection and Presentation of Statistical Data
Primary and secondary data; Classification and, tabulation of data; frequency
distribution of data; diagrams and graphs.
11. Measures of Central Tendency
Mean, median and mode, geometric mean and harmonic mean.
12. Measures of Dispersion
Range, quartile deviation, mean deviation, standard deviation.
13. Correlation Analysis
Meaning, significance, nature and types of correlation; Karl Pearsons
coefficient of correlation; rank correlation.
14.Index numbers and Time Series Analysis
Financial Accounting
CS_FP :: Foundation Programme
Paper 3 : Financial Accounting
[One paper: Three Hours – 100 marks]
Level of Knowledge :
Basic knowledge.
Objective . . .
To familiarize and develop an understanding the skills of accounting principles for effective
recording of business operations of an entity.
Contents . . .
1. Introduction to accounting
2. Recording of transactions
3. Preparation of bank reconciliation statement
4. Rectification of errors
5. Preparation of final accounts (non­corporate entities)
6. Accounting for depreciation
7. Accounting for bills of exchange
8. Accounts of non­profit organizations
9. Single entry accounts ­ preparation of accounts from incomplete records
10. Accounting for consignments and joint ventures
11. Partnership accounts – simple problems
12. Insurance claims
Elements of Business Laws and Management
CS_FP :: Foundation Programme
Paper 2 : Elements of Business Laws and Management
[One paper: Three Hours – 100 marks]
Level of Knowledge :
Basic knowledge.
Objective . . .
(i) To give an exposure to the students of some of the important commercial
laws, the knowledge of which is essential for an understanding of the legal
implications of the general activities of a modern business organisation.
(ii) To acquaint the students with the principles of management.
Contents . . .
Part A : Elements of Business Laws (50 Marks)
1. Law
Meaning of law, its significance and relevance to modern civilized society;
sources of law.
2. Law relating to Contract – An Overview
Contract ­ meaning; essentials of a valid contract; nature of contract;
performance of contract; termination and discharge of contract; indemnity and
guarantee; bailment and pledge; law of agency.

3. Law relating to Sale of Goods — An Overview
Essentials of a contract of sale; sale distinguished from agreement to sell ;
bailment ; contract for work and labour and hire­purchase ; conditions and
warranties; transfer of title by non­owners ; doctrine of caveat emptor ;
performance of the contract of sale ; unpaid seller ­ his rights against the
goods and the buyer.
4. Law relating to Negotiable Instruments – An Overview
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.
5. Law relating to Partnership – An Overview
Nature of partnership and certain similar organisations; co­ownership; Joint
Hindu Family; partnership deed; rights and liabilities of partners including
those of newly admitted partners, retiring and deceased partners; implied
authority of partners and its scope; registration of firms; dissolution of firms
and of the partnership.
6. Elements of Company Law
Meaning and nature of company; promotion and incorporation of a company;
familiarisation with the concept of Board of directors, shareholders and
company meetings; Company Secretary.
Part B : Elements of Management (50 Marks)
7. Nature of Management and its Process
Meaning; nature of management and its process; planning, organising;
directing; coordination and controlling.
8. Planning
Policies and procedures; methods of planning; decision­making.

9. Organising
Structure; principles and theories of organisation; span of management;
centralisation and de­centralisation; line and staff functions; delegation;
functional organisation; formal and informal organisation; growth in
10. Staffing
Meaning; nature and functions of personnel management; selection, training
and development; performance appraisal.
11. Direction and Co‐ordination
Communication; motivation, morale and leadership; internal and external coordination;
committees in management; management of change;
organisation development (O.D.).

12. Controlling
Concepts and basic control process; essentials of a good control system;
traditional and non­traditional control devices.
13. Social Responsibility of Business

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