Undergraduate Programme and Module Handbook 2005-2006 (archived)

Module BUSS2051: PRINCIPLES OF BUSINESS LAW AND BUSINESS TAXATION

Department: ECONOMICS FINANCE AND BUSINESS (BUSINESS) [Queen's Campus, Stockton]

BUSS2051: PRINCIPLES OF BUSINESS LAW AND BUSINESS TAXATION

Type	Tied	Level	2	Credits	20	Availability	Available in 2006/07 onwards	Module Cap	None	Location	Queen's Campus Stockton

Tied to	NN43
Tied to	N200
Tied to	N420

Prerequisites

Successful completion of level 1 of BA Business/BA Business Finance/BA Accounting and Finance.

Corequisites

As specified in special regulations.

Excluded Combination of Modules

None.

Aims

This is a Level 2 undergraduate module designed for those students on the Accounting and Finance degree. It is important for those studying Accounting to have an understanding of the legal framework within which businesses operate and the requirements and restrictions imposed on a business by the different aspects of the law that are relevant to the operation of a business.

Content

Introduction to the Legal Framework - statute and case law
The law of Tort
Contract Law - offer acceptance and consideration
Vicarious Liability
Types of Business entity
Company formation
The veil of incorporation
The memorandum of the articles of association
The duties and responsibilities of directors
Insolvency
Employment Law
Data Protection
Business Taxation - principles
Direct and Indirect Business Taxation
Capital Allowances
Tax avoidance and evasion

Learning Outcomes

Subject-specific Knowledge:

Know of the significant aspects of the law as they appertain to the operation of a business.
Understand the regulatory framework that the taxation authorities require a company to comply with.

Subject-specific Skills:

Be able to analyse and offer advice on common legal issues facing a business.

Key Skills:

Written communication - through summative assessment
Computer Literacy - by typing up summative assignment

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

Teaching is by lectures, tutorials and support for student centred learning. Learning takes place through attendance at lectures, preparation for and participation in tutorial classes and private study (including student centred learning.) Formative assessment is by means of self assessment using multiple choice questions administered via DUO. Summative assessment is by one project of 2500 words and one unseen written examination of 1 hour 30 minutes duration.

Teaching Methods and Learning Hours

Activity	Number	Frequency	Duration	Total/Hours
Lectures	22	1 weekly	1 hour	22
Seminars	8	4 in term 1, 4 in term 2	1 hour	8
Preparation and Reading				170
Total				200

Summative Assessment

Component: Project		Component Weighting: 40%
Element	Length / duration	Element Weighting	Resit Opportunity
Project	2500 words	100%
Component: Examination		Component Weighting: 60%
Element	Length / duration	Element Weighting	Resit Opportunity
Examination	1.5 hours	100%

Formative Assessment:

Self assessment using multiple choice questions administered via DUO.

■ Attendance at all activities marked with this symbol will be monitored. Students who fail to attend these activities, or to complete the summative or formative assessment specified above, will be subject to the procedures defined in the University's General Regulation V, and may be required to leave the University