What is F4 Corporate and Business Law (CL)?
The first exam of the ACCA Fundamental/Skills level is F4 Corporate and Business Law (LW/CL). The basic goal of corporate law is to develop knowledge and understanding of the workings of a general legal framework and a legal system with particular reference to business law.
Syllabus of Corporate and Business Law
Corporate and Commercial Law English is divided into eight sections. The course begins with an overview of English legal systems, different types of law, and organizations that work to promote globally applicable legislation/law.
Arbitration is introduced as an alternative to court adjudication. It then examines the substantive law relating to the content, formation, and discharge of international contracts for the sale of commodities/goods as set out/stated in the United Nations Convention on Contracts for the International Sale of Commodities/Goods.
The syllabus then delves into a variety of specific legal areas that are of particular interest to finance professionals and are related to various aspects of international business.
These are the laws governing international transaction financing and the various legal structures available for conducting international business transactions.
The law governing corporations pays special attention to this. Company formation and constitution, company financing and capital types, day-to-day management, company administration and regulation, and legal aspects of insolvency law are all examined.
The final section of the syllabus refers back to all previous topics. This section focuses on fraudulent and criminal corporate behavior.
Main Capabilities
- Recognize and apply the relevant legal rules applicable to the law of obligations Recognize and apply the essential elements of the various legal systems, including the main sources of law
- Explain and apply the law governing employment relations.
- Differentiate between the various types of business organizations and their constitutions.
- Recognizing and comparing capital types and company financing
- Recognize the legal implications of insolvency legislation/law by describing and clarifying how businesses are managed, governed, and regulated.
- Demonstrate knowledge of fraudulent and criminal corporate behavior.
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