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
Global Corporate and Business Law is divided into eight sections. The syllabus begins with an overview of various legal systems, types of law, and organizations that work to promote internationally 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
- Explain the role of international organizations in promoting and regulating international trade, as well as the role of international arbitration as an alternative to court adjudication.
- Recognize and apply the relevant legal rules applicable under the United Nations Convention on Contracts for the International Sale of Goods, as well as explain the various methods of financing international commercial transactions.
- Recognize different types of international business forms
- 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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