CMA Foundation Paper 1 (FBLC) study plan
CMA Foundation Paper 1 (FBLC) · Give each week a clear focus.
8 weeks · About 6 hours per week
Fundamentals of Business Laws
Define the core sources of Indian business law (statute, precedent, custom) and explain how each ranks in authority
Map the syllabus structure of the Indian Contract Act, 1872 and label the sections covering offer, acceptance, and consideration
Distinguish a valid contract from void, voidable, and unenforceable agreements using five self-written examples
State the essential elements of a valid offer and acceptance, including rules on communication and revocation
Your checkpoint
A one-page decision tree that classifies any given agreement as valid, void, voidable, or unenforceable, with two worked examples per branch
Fundamentals of Business Laws
Explain consideration, privity of contract, and the exceptions where a stranger to contract can sue
Apply the rules on capacity to contract, free consent, and coercion/undue influence to short fact patterns
Differentiate misrepresentation from fraud and note the remedies available for each
Identify when an agreement is expressly declared void under the Act
Your checkpoint
A 15-question self-test on offer, acceptance, consideration, and free consent, scored and error-logged with a correction note per wrong answer
Fundamentals of Business Laws
Summarize the rights and duties of agent and principal under the law of agency
Outline the essentials of a contract of bailment and pledge, including care, return, and lien
Explain the rights of an unpaid seller and the conditions for sale versus agreement to sell
Compare the remedies of rescission, damages, quantum meruit, and specific performance
Your checkpoint
A comparison table of bailment, pledge, and sale across eight attributes, written from memory and then verified against the bare Act
Fundamentals of Business Laws
State the essentials of a valid partnership and distinguish it from a limited liability partnership and a company
Explain the implied authority of a partner and the liability of a firm for a partner's acts
Outline the grounds for dissolution of a firm and the consequences that follow
Recite the key definitions and thresholds in the Sale of Goods Act and the Partnership Act
Your checkpoint
A timed 40-mark mock paper on Domain 1 (contracts, agency, sale of goods, partnership) with a score and a ranked list of three weakest sub-topics
Fundamentals of Business Laws & Business Communication
Explain the nature, scope, and significance of business communication in a commercial organization
Identify the barriers to effective communication and match each barrier to a concrete remedy
Describe the elements of the communication process, including feedback and channels
Draft a formal business letter and a memo applying standard structure and tone
Your checkpoint
A portfolio of three written artefacts (formal letter, memo, short report) each under 300 words, self-checked against a seven-point structure and tone checklist
Business Communication
Distinguish the types of business reports and outline the stages of report writing from planning to presentation
Apply the rules of effective listening and note the difference between hearing and listening
Explain the use and structure of an agenda, minutes, and notice for a meeting
Draft a short email and a notice that follow professional etiquette and avoid ambiguity
Your checkpoint
A complete meeting pack (notice, agenda, and minutes) for a simulated committee meeting, with a one-paragraph note on the etiquette rules applied
Business Communication
Explain the role of communication in negotiation and the difference between verbal and non-verbal cues
Identify common errors in business writing (redundancy, jargon, passive overuse) and rewrite faulty sentences
Describe the essentials of a presentation, including audience analysis and visual aids
Summarize the legal and ethical considerations in business communication, such as confidentiality
Your checkpoint
A rewritten set of 20 faulty business sentences with a corrected version and a one-line rule for each
Fundamentals of Business Laws & Business Communication
Revise the error log from all prior weeks and re-test the three weakest sub-topics from each domain
Complete two full-length timed mock exams under exam conditions and compare scores
Recite the key statutory definitions and thresholds from memory without notes
Review the communication portfolio and correct any remaining structural or tone errors
Your checkpoint
Two completed full-length mock exams with scores, a final consolidated error log, and a one-page revision sheet of high-risk definitions
Milestones
Week 2: Score at least 60% on the self-test covering offer, acceptance, consideration, and free consent, with every wrong answer logged and corrected
Week 4: Score at least 55% on the Domain 1 mock paper and be able to name the three weakest sub-topics without consulting notes
Week 6: Produce the full meeting pack unaided in under 45 minutes and pass the seven-point structure and tone checklist on the written artefacts
Week 8: Score at least 65% on both full-length timed mocks, with no weak sub-topic appearing in the error log more than twice