Module ACCT3161: Corporate and Business Law

Department: Accounting

ACCT3161: Corporate and Business Law

Prerequisites

• None

Corequisites

• None

Excluded Combination of Modules

• ACCT1131 Business Law for Accountants; ACCT1137 Business Law; ACCT2041 Principles of Business Law

Aims

• This is a law module for non-law students on accounting and accounting-related programmes.
• It is important for students studying in accounting and accounting-related fields 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 of England and Wales that are relevant to the operations of a business.

Content

• The English Legal System
• The law of obligations (contract and tort)
• Agency law
• Employment law
• Business organisations (sole traders, partnerships and companies)
• Company law (formation, constitution, financing, management, administration and regulation)
• Insolvency law
• Corporate criminal behaviour

Learning Outcomes

• Significant aspects of the Law of England and Wales as they appertain to the operation of a business, e.g.
• Essential elements of the legal system including the main sources of law, structures, features, regulatory framework
• Legal principles relating to the law of obligations (contract and tort), agency situations, and employment relationships
• Similarities and differences between alternative forms and constitutions of business organisations
• Types of capital and financing of companies
• How companies are managed, administered and regulated
• Processes relevant to and the legal implications of insolvency
• Criminal behaviour concerned with corporate entities

• On completion of this module students should be able to:
• Demonstrate understanding of the English legal system
• Demonstrate breadth and depth of knowledge, understanding and coherent application of legal principles to businesses operating within the jurisdiction of the Law of England Wales
• Analyse and offer advice on common legal issues facing a business
• Identify and analyse issues/problems arising in areas of law under study Identify and apply relevant legal principles to those issues/problems, reaching valid conclusions
• Synthesise knowledge and application into arguments that are reasoned, sound and supported evidentially
• Show alertness to competing arguments, grey areas and nuance

• Skills of enquiry, analysis, judgement and problem solving
• The ability to communicate complex issues, ideas, analysis and judgement orally and in writing
• The ability to think critically and to argue coherently

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

• Learning takes place through attendance at, preparation for, and participation in workshops, and independent study.
• Formative assessment is by means of a practice test.
• Summative assessment is by means of an in-person, timed, invigilated written examination.

Teaching Methods and Learning Hours

Summative Assessment

Formative Assessment:

Practice test

■ 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