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Guidance for CS Foundation Programme

Written By Admin on Monday, 17 March 2014 | Monday, March 17, 2014

-ICSI

Students should note that Foundation  Programme Examination is Optical Mark Recognition  (OMR) Based Examination. The question paper  for a subject  contains  50  Multiple  Choice Questions (MCQs).

While preparing for Foundation Programme students should keep following points into consideration.

Since the  examination pattern is MCQs  the  students should study the complete  study material thoroughly and concentrate on the concepts  rather than  cramming the theory.

1.   Paper 1 of foundation Programme i.e. Business Environment and Entrepreneurship’ requires students to  obtain orientation about different  forms of organisation, functions in an organisation, business strategies and  environment along with  an exposure to elements of business laws and entrepreneurship. Since business laws is a dynamic subject, student are advised  to be well versed  with the regulatory/ legislative  changes  covered in the syllabus.  Student should also try the MCQs based on the case studies.

2.   Paper 2 of Foundation  Program  i.e. Business Management Ethics and Communication requires the student to acquaint with  the  basic  principles  of management, ethics  and communication. The students should themselves prepare and practice  the  MCQs on case  studies based  on different principles  of management and  business ethics.   Student should  also prepare for MCQs based  on business communication, English grammar.

3.   Paper  3 of Foundation  program  i.e. Business  Economics require  a student to get familiarize  with basic concept  and theories of economics, elementary statistics and mathematics. This paper covers Macro Economics and Micro Economics. For Micro Economics, the Students should try the MCQs based on figures/curve showing the relationship between different variables. For Macro Economics, the students are advised to refer  the  latest  data  about  economy,  reserve bank,  Indian agriculture, population, industry etc.

4.   Fundamentals of Accounting and Auditing this  is Paper  4 at the Foundation Programme and requires students to get familiarize  and  develop  an  understanding of the  basic principles  of accounting, auditing concepts  and  their principles.  Part  A of this  paper  covers  Fundamentals of Accounting.  In this part of paper,  most of the questions are problem  oriented and it requires a lot of practice.  Students should  solve all practical  questions as given  in the  study material and understand the  concepts  as discussed in the study material. Part B of this paper contains basics of auditing and  auditor  related  provisions.  The  students should thoroughly study  the  provisions  relating to different  types of audit,  auditor’s  appointment etc.

For better understanding of the  subject,  Students should  also refer  to text  book as recommended in the study  material. For updation on regulatory, legislative and academic developments, student should  refer Foundation  Bulletin,  Student Company Secretary and ICSI website.

How to Prepare for Multiple-Choice Questions

An examination base  on MCQs requires a special  method  of preparation distinct from a descriptive examination. Multiple choice exams desires to recognize a correct answer among a set of options that include 3 or 4 wrong answers (called distracters), rather than asking the student to produce  a correct  answer entirely  from his/ her own mind.

For obtaining good marks  in MCQ based  examinations, the Students may consider  following suggested points :

1.   Study the subject  thoroughly and concentrate on concepts/ principles.

2.   Read the question carefully, as they may at times be tricky, wherein all options  seem  to be correct  answer. Reading question carefully may help you in identifying correct answer.

3.   For calculation  based  MCQs, Always do calculation. In calculation base MCQs do not select an option only on intution.

4.   Attempt most familiar questions first. The difficult questions may be answered afterwards.

5.   There is no negative marking for incorrect  answer.

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