Foundation Course Syllabus

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About Foundation Course

Following the syllabus for foundation course prescribed by the University of Mumbai for first year students of commerce specializing in accountancy and finance

1. Fundamentals of Business

(a) Concept: Business, profession and employment; (b) Comparison of business, Profession and employment (c) Business risks – features and causes (d) Basic factors of starting a business

Introduction to Business

Business Characteristics, Environment, Decisions and Risks

2. Business and Society

(a) Ecology and business: Meaning of environment, Ecology and ecology balance, relationship between ecology and business, protection of environment and need for pollution control Vs. Environment audit (b) Social Responsibilities of business – Concept of social responsibilities, Cases for and against social responsibilities; (c) Business Ethics – Concept and need, Principles of Business ethics

Business Ethics and Social Responsibility

Starting a Business – Basics

Starting a Business (Contd…)

3. Business and basic commercial information

(a) Introduction of Commerce (b) Classification of business activities (c) Managerial response to change in business environment – MIS forecasting, experts, innovation, path of least resistance, Acquisition & Mergers, joint Venture, etc (d) Commercial terms – Services, outstanding, e-commerce, m-commerce, infrastructure, bank assurance, liberalizations, privatization, globalization and profit

4. Business and Basic Accounting Information

(a) Meaning and objecives Accounting (b) Accounting as a source of information (c) Internal and external users of Accounting Information and their needs (d) Basic Accounting terms – Assets, Liability, Capital, expenses, Income, Expenditure, Revenues, Debtors, Creditors, Goods, Stock Voucher, Transaction, Drawings

5. Basic Economic Challenges

(a) Poverty – Absoulte and relative, Main programmes for poverty alleviation (b) Rural Development key issues – credit and marketing co-operatives, alternatives to farming, organic farming (c) Employment – problems and policies (d) Infrastructure – Meaning types and problems a critical assessment

6. Organisation and Management

(a) Organisation – Meaning and features (b) Management – Meaning features 9c) Difference between organization and management