Entry requirements and weighting

Prerequisites: BB107
Corequisites: Nil
Credit Points: 15 credit points
Level: Year 2, Major Accounting Stream

Brief description

The aim of this unit is to teach students about the law that regulates and controls companies and their activities. Students will be taught about key legal concepts and principles in conjunction with the main legislative provisions governing companies. Once armed with this information students will be required to apply their learning to solve company law problems that reflect potential real world situations.

This unit will cover the following topics:

  1. The main legal characteristics of a company
  2. How the internal management of a company is conducted
  3. The concept of good corporate governance
  4. The duties that directors and other officers must discharge to a company
  5. How shareholders may take action if they are unhappy about the management of a company
  6. How companies enter into contracts with outside third parties
  7. The nature of a share and the concept of limited liability
  8. How companies raise funds through equity and debt funding
  9. The processes involved when a company is insolvent

Unit Learning outcomes

  1. Understand how to use legal principles in a practical context
  2. Able to identify issues in properly managing companies that involve legal, accounting and economic considerations
  3. Critically evaluate the procedures involved in the internal management of companies
  4. Able to apply the law to address problems affecting business
  5. Develop skills from one unit of study to the other.