This module is designed to enable students to understand legal issues relevant to the role and practices of professional accountancy. The module introduces students to the role and nature of law, and explains how companies are formed, and the role and responsibilities of company officers. Students learn about contract law and issues of negligence in relation to accounting. The module explains how companies can finance themselves as well as looks at employment law, insolvency law and how criminal law can impact companies.
Learning Outcomes
By the end of the module students should be able to:
Identify the essential elements of the legal system, including the main sources of law;
Recognise and apply the appropriate legal rules relating to the law of obligations;
Explain and apply the law relating to employment relationships;
Distinguish between alternative forms and constitutions of business organisations;
Recognise and compare types of capital and the financing of companies;
Describe and explain how companies are managed, administered and regulated;
Recognise the legal implications relating to insolvency law;
Demonstrate an understanding of corporate fraudulent and criminal behaviour.
Assessment
33171-01 : Class Test : Class Test (50%)
33171-02 : 2 Hour Exam : Exam (Centrally Timetabled) - Written Unseen (50%)
Assessment Methods & Exceptions
Assessment:
Test 50% 2 hr unseen exam 50%
Reassessment:
Unseen exam & test – students resit failed component only.