Business Law and Ethics for Accountants

Module code: LAW4006-B

Module Aims       

To provide you with an understanding of the main legal structures in business, its legal nature and its duties and liabilities. You will also explore the importance of ethical considerations and how they impact on our understanding of both law and business and management practices

Outline Syllabus   

An introduction to law: Origins of power.
Rules and Laws: Statutes and case law.
Precedent: Stare decisis.
Burdens of proof.
The English legal system.
Law of contract.
Law of tort.
Employment law
Intellectual property.
The law relating to Agency, Partnership and Companies
Corporate status: comparison between companies, partnerships and other types of
organisations.
The incorporation process.
Salomon and the veil of incorporation.
Pre-incorporation contracts.
Company Directors.
Company Memorandum and Articles, Meetings and Resolutions.
Company records: international and external aspects.
Company shares, procedural aspects of issuing shares.
Debentures, main features of fixed and floating charges.
Financial assistance.
Majority rule and minority protection.
Corporate insolvency.
Shareholder remedies.

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