Curriculum Information

LC4S039 - Business Law and Practice and Taxation 01 Sep 2020 - 31 Aug 2027 | Version 3

Associated Module Information

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Module Aims

To enable students to acquire a knowledge of the essential features of this core area of practice, namely:
1. to understand the common types of business media and in particular:
• be able to advise the client as to the advantages and disadvantages of different business media;
• be able to advise on form and legal structure and on the cost, procedures, formalities and taxation implications of setting up and running the business;
• be familiar with the procedures required to incorporate a company and / or form a partnership and understand the approvals, filings and procedures to enable the business to commence operating;
• be familiar with the roles, rights, responsibilities and liabilities of the participants;
• understand the procedures to alter the consultation of a company and to appoint and remove the officers of a company;
• understand how to allot, issue and transfer shares
1. To be demonstrate an ability to:
• progress common business transactions and advise and take steps relating to the transaction;
• advise on entering into contracts on behalf of the business and the steps to protect assets, advise on basic finance and lending.
• Draft notices, agendas and minutes of meetings and file routine statutory forms;
• Advise on taxation of profits generated and distributed by the business;
• Demonstrate an appreciation of the continuing duties, obligations and liabilities of the business and its partners, directors and shareholders;
• Advise on the options for and claims arising on insolvency;
2. Demonstrate a knowledge of stakeholders and:
• Understand the different interests of parties involved in the business and be aware of conflicts;
3. Understand the basic principles of business accounting and:
• Understand the terms used and basic business accounting concepts;
• be familiar with accounting data and prepare a profit and loss account and a balance sheet;
• understand the nature of shareholders’ funds.
4. Students should Demonstrate a grasp of tax law to enable them to understand the impact of taxation on the areas covered by the course and should
• understand the main features of the income tax system, capital gains tax, inheritance tax, corporation tax, value added tax (VAT).

Content Summary

Learning and Teaching Methods

Learning Outcomes

Module Requisites

N/A

Assessment Criteria

Assessment Matrix

Reading List