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, explain and apply the essential elements of the legal system, including the underlying principles and laws around obligations and employment relationships
Understand forms and constitutions of business organisations and explain and compare the types of capital and financing these organisations use
Understand and explain the legal implications relating to insolvency law
Demonstrate an understanding of corporate fraudulent and criminal behaviour
Assessment
34275-01 : Class test : Class Test (50%)
34275-02 : 2 Hour Exam : Exam (Centrally Timetabled) - Written Unseen (50%)
Assessment Methods & Exceptions
Assessment: 1,500-word assignment (50%) 2-hour final exam(50%)
Reassessment: Reassessment by the failed component