Corporate And Business Law (LW) (ENG) - ACCA Global

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September 2018toAugust 2019Corporate andBusiness Law(LW) (ENG)Syllabus and study guide

Corporate and Business Law (LW) (ENG)Guide to structure of thesyllabus and study guideDetailed syllabusOverall aim of the syllabusThis shows the breakdown of the maincapabilities (sections) of the syllabusinto subject areas. This is the blueprintfor the detailed study guide.This explains briefly the overall objectiveof the syllabus and indicates in thebroadest sense the capabilities to bedeveloped within the exam.Approach to examining the syllabusRelational diagram linking Corporateand Business Law (LW)(ENG) withother ACCA examsThis diagram shows direct and indirectlinks between this exam and otherexams preceding or following it. Itindicates where you are expected tohave underpinning knowledge andwhere it would be useful to reviewprevious learning before undertakingstudy.Main capabilitiesThe aim of the syllabus is broken downinto several main capabilities whichdivide the syllabus and study guide intodiscrete sections.Relational diagram of the maincapabilitiesThis diagram illustrates the flows andlinks between the main capabilities(sections) of the syllabus and should beused as an aid to planning teaching andlearning in a structured way.This section briefly explains thestructure of the examination and how itis assessed.Study GuideThis is the main document that students,education and content providers shoulduse as the basis of their studies,instruction and materials. Examinationswill be based on the detail of the studyguide which comprehensively identifieswhat could be assessed in anyexamination session. The study guide isa precise reflection and breakdown ofthe syllabus. It is divided into sectionsbased on the main capabilities identifiedin the syllabus. These sections aredivided into subject areas which relate tothe sub-capabilities included in thedetailed syllabus. Subject areas arebroken down into sub-headings whichdescribe the detailed outcomes thatcould be assessed in examinations.These outcomes are described usingverbs indicating what exams mayrequire students to demonstrate, and thebroad intellectual level at which thesemay need to be demonstrated(*see intellectual levels below).Syllabus rationaleThis is a narrative explaining how thesyllabus is structured and how the maincapabilities are linked. The rationalealso explains in further detail what theexamination intends to assess and why. ACCA 2018-2019 All rights reserved.

Corporate and Business Law (LW) (ENG)Intellectual LevelsThe syllabus is designed toprogressively broaden and deepen theknowledge, skills and professionalvalues demonstrated by the student ontheir way through the qualification.The specific capabilities within thedetailed syllabuses and study guides areassessed at one of three intellectual orcognitive levels:Level 1:Level 2:Level 3:Knowledge andcomprehensionApplication and analysisSynthesis and evaluationVery broadly, these intellectual levelsrelate to the three cognitive levels atwhich the Applied Knowledge,the Applied Skills and the StrategicProfessional examsare assessed.Each subject area in the detailed studyguide included in this document is givena 1, 2, or 3 superscript, denotingintellectual level, marked at the end ofeach relevant line. This gives anindication of the intellectual depth atwhich an area could be assessed withinthe examination. However, while level 1broadly equates with AppliedKnowledge , level 2 equates to AppliedSkills and level 3 to StrategicProfessional, some lower level skills cancontinue to be assessed as the studentprogresses through each level. Thisreflects that at each stage of study therewill be a requirement to broaden, as wellas deepen capabilities. It is alsopossible that occasionally some higherlevel capabilities may be assessed atlower levels.Learning Hours andEducation RecognitionThe ACCA qualification does notprescribe or recommend any particularnumber of learning hours forexaminations because study andlearning patterns and styles vary greatlybetween people and organisations. Thisalso recognises the wide diversity ofpersonal, professional and educationalcircumstances in which ACCA studentsfind themselves.As a member of the InternationalFederation of Accountants, ACCA seeksto enhance the education recognition ofits qualification on both national andinternational education frameworks, andwith educational authorities and partnersglobally. In doing so, ACCA aims toensure that its qualifications arerecognized and valued by governments,regulatory authorities and employersacross all sectors. To this end, ACCAqualifications are currently recognizedon the education frameworks in severalcountries. Please refer to your nationaleducation framework regulator forfurther information.Each syllabus contains between 20 and35 main subject area headingsdepending on the nature of the subjectand how these areas have been brokendown. ACCA 2018-2019 All rights reserved.

Corporate and Business Law (LW) (ENG)Guide to ACCAExamination StructureThe structure of examinations varieswithin and between levels.The Applied Knowledge examinationscontain 100% compulsory questions toencourage candidates to study acrossthe breadth of each syllabus. Theseare assessed by a two-hour computerbased examination.The Corporate and Business Law examis a two-hour computer-based objectivetest examination for English and Global,and available as a paper based versionfor all variants.The other Applied Skills examinations(PM, TX-UK, FR, AA, and FM)contain a mix of objective and longertype questions with a duration of threehours for 100 marks; these questionsdirectly contribute towards the candidateresult. These exams are available incomputer-based and paper-basedformats. Prior to the start of each examthere will be time allocated for studentsto be informed of the exam instructions.Computer-based examsFor the Applied Skills (PM, TX-UK, FR,AA and FM) computer-based examscandidates will be delivered an extra 10marks of objective test content (eitherfive single OT questions or five OTquestions based around a singlescenario), for which candidates aregiven an extra 20 minutes. Thesequestions are included to ensurefairness, reliability and security ofexams. These questions do not directlycontribute towards the candidate’sscore. Candidates will not be able todifferentiate between the questions thatcontribute to the result and those that donot. All questions have been subject toACCA’s regulatory approved qualityassurance process.The total exam time is therefore 3 hoursand 20 minutes. Prior to the start of theexam candidates are given an extra 10minutes to read the exam instructions.Paper-based examsFor paper-based exams 15 minutes areadded to the three hours to reflect themanual effort required as compared tocomputer-based exams. All paperbased and computer-based questionshave been subject to the same qualityassurance process. There will be timeawarded by the invigilator to read theexam instructions.Strategic Business Leader is ACCA’scase study examination at the StrategicProfessional level and is examined as aclosed book exam of four hours,including reading, planning andreflection time which can be usedflexibly within the examination. There isno pre-seen information and all examrelated material, including caseinformation and exhibits are availablewithin the examination. StrategicBusiness Leader is an exam based onone main business scenario whichinvolves candidates completing severaltasks within which additional materialmay be introduced. All questions arecompulsory and each examination willcontain a total of 80 technical marks and20 Professional Skills marks. The detailof the structure of this exam is describedin the Strategic Business Leadersyllabus and study guide document.The other Strategic Professional examsare all of three hours and 15 minutesduration. All contain twoSections and all questions arecompulsory. These exams all containfour professional marks. The detail of ACCA 2018-2019 All rights reserved.

Corporate and Business Law (LW) (ENG)the structure of each of these exams isdescribed in the individual syllabus andstudy guide documents.ACCA encourages students to take timeto read questions carefully and to plananswers but once the exam time hasstarted, there are no additionalrestrictions as to when candidates maystart writing in their answer books.Time should be taken to ensure that allthe information and exam requirementsare properly read and understood.The pass mark for all ACCAQualification examinations is 50%. ACCA 2018-2019 All rights reserved.

Corporate and Business Law (LW) (ENG)Guide to ACCAExamination AssessmentACCA reserves the right to examineanything contained within the studyguide at any examination session. Thisincludes knowledge, techniques,principles, theories, and concepts asspecified. For the financial accounting,audit and assurance, law and tax examsexcept where indicated otherwise,ACCA will publish examinabledocuments once a year to indicateexactly what regulations and legislationcould potentially be assessed withinidentified examination sessions.For examinations, regulation issued orlegislation passed on or before 31August annually, will be examinablefrom 1 September of the following yearto 31 August of the year after that.Please refer to the examinabledocuments for the exam (whererelevant) for further information.Regulation issued or legislation passedin accordance with the above dates maybe examinable even if the effective dateis in the future.The term issued or passed relates towhen regulation or legislation has beenformally approved.The term effective relates to whenregulation or legislation must be appliedto an entity transactions and businesspractices.The study guide offers more detailedguidance on the depth and level atwhich the examinable documents will beexamined. The study guide shouldtherefore be read in conjunction with theexaminable documents list. ACCA 2018-2019 All rights reserved.

Corporate and Business Law (LW) (ENG)Corporate and Business Law (LW) (ENG) Syllabusand study guideThis syllabus and study guide is designed to help with planning study and to providedetailed information on what could be assessed in any examination session.AimTo develop knowledge and skills in theunderstanding of the general legalframework, and of specific legal areasrelating to business, recognising theneed to seek further specialist legaladvice where necessary.SyllabusRelational diagram linking Corporateand Business Law (LW) (ENG) withother ACCA examsThis diagram shows direct and indirectlinks between this exam and otherexams preceding or following it. Someexams are directly underpinned by other exams and these links are shown as solidline arrows. Other exams only have indirect relationships with each other such aslinks existing between the accounting and auditing exams. The links between theseare shown as dotted line arrows. This diagram indicates where you are expected tohave underpinning knowledge and where it would be useful to review previouslearning before undertaking study. ACCA 2018-2019 All rights reserved.

Corporate and Business Law (LW) (ENG)Main capabilitiesOn successful completion of this exam, candidates should be able to:A Identify the essential elements of the legal system, including the main sources oflawB Recognise and apply the appropriate legal rules relating to the law of obligationsC Explain and apply the law relating to employment relationshipsD Distinguish between alternative forms and constitutions of businessorganisationsE Recognise and compare types of capital and the financing of companiesF Describe and explain how companies are managed, administered and regulatedG Recognise the legal implications relating to insolvency lawH Demonstrate an understanding of corporate fraudulent and criminal behaviour.This diagram illustrates the flows and links between the main capabilities (sections)of the syllabus and should be used as an aid to planning teaching and learning in astructured way. ACCA 2018-2019 All rights reserved.

Corporate and Business Law (LW) (ENG)RationaleCorporate and Business Law is dividedinto eight areas. The syllabus starts withan introduction to the overall Englishlegal system such as the court systemand sources of law. It then leads into thearea of the law of obligations includingcontract and tort, which underpinbusiness transactions generally.The syllabus then covers a range ofspecific legal areas relating to variousaspects of business of most concern tofinance professionals. These are the lawrelating to employment and the lawrelating to companies. These lawsinclude the formation and constitution ofcompanies, the financing of companiesand types of capital, and the day-to-daymanagement, the administration andregulation of companies and legalaspects of insolvency law.The final section links back to all theprevious areas. This section deals withcorporate fraudulent and criminalbehaviour. ACCA 2018-2019 All rights reserved.

Corporate and Business Law (LW) (ENG)Detailed syllabusA Essential elements of the legalsystem1. Law and the legal system2. Source of lawB The law of obligations1. Formation of contract2. Content of contracts3. Breach of contract and remedies4. The law of torts and professionalnegligenceFManagement, administration andthe regulation of companies1. Company directors2. Other company officers3. Company meetings and resolutionsG Insolvency law1. Insolvency and administrationH Corporate fraudulent and criminalbehaviour1. Fraudulent and criminal behaviourC Employment law1. Contract of employment2. Dismissal and redundancyD The formation and constitution ofbusiness organisations1. Agency law2. Partnerships3. Corporations and legal personality4. The formation and constitution of acompanyECapital and the financing ofcompanies1. Share capital2. Loan capital3. Capital maintenance and dividendlaw ACCA 2018-2019 All rights reserved.

Corporate and Business Law (LW) (ENG)Appro

Business Leader is an exam based on one main business scenario which involves candidates completing several tasks within which additional material may be introduced. All questions are compulsory and each examination will contain a total of 80 technical marks and 20 Professional Skills marks. The detail of the structure of this exam is described