What is F4 Corporate and Business Law (CL)?
F4 Corporate and Business Law (LW/CL) is the first exam of ACCA Fundamental/Skills level. The Basic Aim of Corporate Law is to develop the knowledge and understanding of the workings of a general legal framework and of a legal system with specific reference to the law relating business.
Syllabus of Corporate and Business Law
Corporate and Business Law Global is been divided into eight areas. The syllabus begins with an introduction to various/different legal systems, different types of law, and organizations that strive to promote internationally applicable legislation/law.
As an alternative to court adjudication, it also introduces arbitration. It then leads to a examination of the substantive law as set-out/stated in the United Nations Convention on Contracts for-the International Sale of Commodities/Goods relating to the content, formation and discharge of international contracts for the sale of commodities/goods.
The syllabus then covers a range of specific legal areas that are of most concern to finance professionals, related to different aspects of international business.
These are the laws relating to the financing of international transactions and the different legal forms through which it is possible to conduct international business transactions.
The law relating to companies focuses on particular attention. Aspects examined include company formation and constitution, company financing and types of capital, and day-to-day management, company administration and regulation, and legal aspects of insolvency law.
The final section of syllabus links back to all previous areas. This section mainly deals with the fraudulent and criminal corporate behaviour.
Main Capabilities
- Identify the essential elements of the different legal systems, including the main sources of law, the relationship between the various branches of the Constitution of the State and the need for international legal regulation, and explain the role of international organizations in promoting and regulating international trade and the role of international arbitration as an alternative to the court adjudication
- Recognize and apply the relevant legal rules applicable under the United Nations Convention on Contracts for the International Sale of Goods and explain the different ways in which international commercial transactions can be financed.
- Recognize various kinds of international business forms
- Distinguish between the alternative forms of business organizations and their constitutions
- Recognizing and comparing capital types and the financing of companies
- Describe and clarify how businesses are managed, governed and regulated
- Recognize the legal implications of insolvency legislation/law
- Demonstrate an understanding of fraudulent and criminal corporate conduct.
F4 (GLO)
Quiz
As Per Exam Format
0 Comments