Objectives :

On completion of this subject students should be able to appreciate alternative business enterprises internationally, namely sole proprietorships, partnerships, companies and trusts; recognise the general laws which apply to such business entities internationally and appreciate the development of corporate governance regulation in different countries. The applicable comparative legislation is that of the country the student is sitting the examinations in.

Synopsis :

• explain the principles of business law which underpin competence in management accounting
• apply legal principles to business problems
• advise managers and directors on the main legal issues which arise in the course of a management accountant’s work.
• understand the need for corporate governance regulation.

This subject covers the following competency units of the Financial Services Training Package (FNB 99) of the Australian Qualifications Framework :

FNBACC29A Make Decisions within a Legal Context
BSBSBM401A Establish Business and Legal Requirements
FNBACC11B Monitor Corporate Governance