Law being purely theoretical can be quite dry and cumbersome to learn on a daily basis. A monotonous preparation can contribute largely towards depreciating your marks. Therefore, it is very important to develop and adhere to a well-structured strategy to crack the foundation level of one of the most difficult professional courses.
This article will help you gain a deep insight on developing the right approach of preparing for CS Foundation. So, if you are clueless about where to start and how to start, you have come to the right place.
Cracking CS Foundation comes with a few simple pre-requisites like:
Preparing well and thoroughly understanding the concepts.
Studying consistently and sticking to the time-table.
Preparing revision notes.
Focusing on presentation skills and more.
PAPER 1: BUSINESS ENVIRONMENT AND LAW
Business Environment (40 marks)
Business Environment is a very generic topic which deals with various topics like forms, scales of business organizations, business functions and emerging trends in business.
Thus, mugging up is not the right approach for such a generic topic. You must only concentrate on understanding all the concepts and keep practising questions.
Business Law (60 marks)
Law can only get interesting and easy to study if you concentrate on the whys rather than on the whats. Behind every drafted law, there is logic. Try to understand why the provision exists. This helps to increase analytical skills and to build a strong base.
The key to cracking law is to read, read and read.
You should also prepare summary notes which can be used for later revision. Presentation of content has a great impact on your retention power and hence, usage of charts will also help to a great extent.
PAPER 2: BUSINESS MANAGEMENT, ETHICS & ENTREPRENEURSHIP
Business Management (40 marks)
Business Management is again a very generic topic which deals with the main basic 5 functions of management i.e., planning, organizing, staffing, directing and controlling.
You must note down the key words of each technical concept and focus on it.
Business Ethics (10 marks)
It covers the following generic topics: Overview of Ethics in Business; Elements; Ethical principles in Business- Indian and Ancient Indian Perspective.
You should read every topic and attain a general understanding of the topics.
Business Communication (25 marks)
It focuses on the various forms and mediums of communication in the business world. It also covers the importance of good English.
Entrepreneurship (25 marks)
Entrepreneurship is an area which covers lot of important topics including start-ups.
The technical points covered in each topic must be jotted down for future reference and ease of studying.
PAPER 3: BUSINESS ECONOMICS
Economics (80 marks)
Business economics is easy to understand and deal with, especially it being an objective paper.
You must keep practising questions every day to get familiarity.
Questions and concepts can be referred from the institute study material.
Note making will help to a great extent to build a strong concept base.
It covers all basic concepts of economics like demand and supple, theories of consumer behaviour, production, costs and revenues, Indian economy etc
Elementary Statistics (20 marks)
The questions from institute’s material should be done thoroughly. This gives an understanding of the institute’s difficulty level.
Good and difficult questions should be repeatedly practiced as it helps in time management as well as concept clarity.
You should focus on doing the maximum number of questions rather than on reading theory since it’s an objective paper.
PAPER 4: FUNDAMENTALS OF ACCOUNTING AND AUDITING
Fundamentals of Accounting (70 marks)
The first and foremost rule for Accountancy is to not mug up, but to understand the various concepts and topics. This is important to make the base strong which will further help in solving various difficulty level questions.
Maintain a study journal to note down:
Easy to access notes
Practice is the key to success in this case of this subject. You need to keep practising questions, even repeatedly, to improve your analytical and conceptual knowledge.
Fundamentals of Auditing (30 marks)
Auditing being a theory subject needs to be approached differently. Since it’s an objective paper, you need not worry about the presentation which would have otherwise been the most important factor.
Auditing concepts must be read thoroughly and understood neatly in order to develop the calibre of analysing the questions properly.
You should concentrate more on the elimination method of answering the questions as auditing concepts are very similar to one another with minute differences and hence the options given will be twisted that way.
Make your revisions easier by organizing your content in the way comfortable for you. You can use bullet points, post-its, highlighters etc to make important concepts stand out.
Solve all the questions provided in the study material of the institute and important questions suggested by your coaching institute.
Practice manuals and previous year question papers must be done repeatedly without fail. This will help in understanding the difficulty level of question papers set by the institute and to manage time effectively while attempting the exam.
Know and study every concept and start with the difficult ones so as to ensure sufficient time and effort can be spent on understanding them.
Attempt the most familiar and easy questions first and then move on to the relatively difficult ones.
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