ACCY6106 – Law of Business Entities
Module code
ACCY6106
Module title
Law of Business Entities
Prescription
The aim of this course is to develop the knowledge, skills, and competencies to apply the law to form and operate business entities and structures.
Programmes
- BI1401
- BS7000
- TP4775
NZQA Level
Level 6
NZQA Credits
15
Delivery method
- Web-Supported
Learning hours
- Total learning hours
- 150
Resources required
- Learning Outcomes
- 1. Explain the formation of business structures, their governance, management, and the liabilities of parties.
2. Analyse scenarios to advise on the most appropriate entity in a particular situation.
3. Apply the legal requirements and liabilities of parties including financial advisors when raising private capital for a Small to Medium Enterprise (SME), and for an organisation seeking funds from the financial markets.
4. Apply the law relating to enforcement of secured and unsecured debt to a range of legal entities. - Content
- LO1
• Partnerships
• Companies
• Co-operative structures
• Trading trusts
• Sole traders
• Joint ventures
• Franchises
• Family trusts
• Current structures/new developments
• Incorporated societies & charities
• Formation of business structures
• Limited partnerships
• Governance and stakeholder engagement
• Special topics e.g., Maori and Pasifika business structures
LO2
• Liability of the entity, its owners and managers including protection afforded by the entity and limitations of that protection
• Regulatory liability of persons engaged in business and role and limitations of entities
• Legal requirements and issues in financing entities and structures
LO3
• Legal relationships with third parties
• Company liability for civil and criminal wrongs
• Company shares and debt finance
• Company meetings
• Financial records requirements
• Acquisition of an interest in business may include purchase of shares, purchase of assets, hiving down, takeover, merger or amalgamation or acquisition of shares or takeover
• Financial markets regulation related to fund raising and role and responsibilities of financial advisors
• IPO, Crowd funding
LO4
• Enforcement of debt and securities including bankruptcy, receivership, statutory management, voluntary administration, and liquidation
• Remedies available to secured and unsecured creditors - Teaching and Learning Strategy
- All learning and teaching activities as described in the approved programme and delivery documents are enabled for this course unless specified.
- Basic of Assessment
- Assessment in this course employs an achievement-based grading scheme. Learners will be advised of all matters relating to summative assessment prior to the start of the course.
- Assessment Criteria
- The portfolio is comprised of multiple components. Learners need to provide sufficient evidence against all learning outcomes and gain an overall mark of at least 50% in order to pass this module.
(A minimum of 50% of the portfolio assessment activities will be controlled (supervised/observed) - Learning and Teaching Resource
- All required and recommended resource are provided to learners via course outlines.
