CA Foundation Business & Commercial Knowledge Study Material
The Institute of Chartered Accountants of India (ICAI) has revised the syllabi of its popular and prestigious CA course with effect from July 2017. In the revised syllabi a new paper titled “Business and Commercial Knowledge” has been introduced in Foundation course. This Study Material is a modest attempt to supplement the Institute’s Study Material on this paper. Some of the features of the Study Material are as follows:
- Full coverage of the prescribed syllabus
- Chapter outline to give a bird’s eye view of the topic covered in each chapter
- Tables and Diagrams to illustrate the text
- Examples from India’s Corporate sector
- Simple and easy-to-understand language
LearnInsta hope this Study Material would prove useful to the concerned students. Suggestions for improvement are welcome.
Chapter 1. Introduction to Business
- Economic and Non-Economic Activities
- Economic Activities
- Non-Economic Activities
- Nature of business, profession and employment
- Meaning and Nature of Business
- Meaning and Nature of Profession
- Meaning and Nature of Employment
- Distinction between Business, Profession and Employment
- Objectives of Business
- Economic Objectives
- Social Objectives
- Human Objectives
- National Objectives
- Role of Profit in Business
- Objections Against Profit Maximisation
- Forms of Business Organizations
- Sole Proprietorship
- Joint Hindu Family Business
- Partnership
- Joint Stock Company
- Cooperative Society
- TEST QUESTIONS
Chapter 2. Business Environment
- Meaning of Business Environment
- Nature (Characteristics) of Business Environment
- Significance of Business Environment
- Meaning and Elements of Micro Environment
- Meaning and Elements of Macro Environment
- TEST QUESTIONS
Chapter 3. Business Organizations
Chapter 4. Government Policies for Business
- Meaning of Liberalization
- Liberalization in India – Trends and Issues
- Impact of Liberalization of Indian Economy
- Meaning of Privatization
- Trends and Issues – Privatization in India
- Impact of Privatization on Indian Economy
- Meaning of Globalization
- Globalization in India – Trends and issues
- Impact of Globalization of Indian Economy
- Foreign Direct Investment (FDI)
- Meaning of FDI
- Advantages of Foreign Direct Investment
- Disadvantages of Foreign Direct Investment
- Determinants of Foreign Direct Investment
- TEST QUESTIONS
Chapter 5. Organizations Facilitating Business
- Indian Regulatory bodies
- Securities and Exchange Board of India (SEBI)
- Reserve Bank of India (RBI)
- Insurance Regulatory and Development Authority (IRDA)
- Competition Commission of India (CCI)
- Indian Development Banks
- Industrial Finance Corporation of India (IFCI)
- Industrial Development Bank of India (now IDBI Ltd.)
- Small Industries Development Bank of India (SIDBI)
- Export-Import (EXIM) Bank of India
- National Bank for Agriculture and Rural Development (NABARD)
- TEST QUESTIONS
Chapter 6. Common Business Terminologies