REV 3577 Business Law - RE-SIT EXAMINIATION
REV 3577 Business Law - RE-SIT EXAMINIATION
This course was lectured last time autumn 2013 / spring 2014.
Acc. Regulations on curriculum for the bachelor in accounting and auditing of 2 July 2012, § 5.Ikrafttredelse og overgangsregler, students who have commenced the study during previous curriculum, can take the exam after this until 31 December 2017. Re-sit examinations will be offered every term as from and including autumn 2014 and up to and including autumn 2017.
The students shall acquire an adequate legal understanding of central issues in the statutory framework that are important in auditing.
The students shall be able to identify legal issues and be capable of analyzing a problem complex on the basis of legal sources. The students shall be able to give an account of legal factors and responsibility related to auditing tasks in the private business sector, organizations and the public sector.
The students shall develop ability for ethical thinking, i.e. ethical traditions, norms and values in modern society. This ability will contribute to an increased understanding of laws, regulations and case law and to developing the students ability to deal with ethical problems in a conscious manner.
- The legal system
Sources of law and legal methods
- Administrative law
The concepts of administrative law. The Civil Services Act, the Open Files Act and the Ombudsman Act are discussed. Special emphasis is placed on the rules of procedure, the legal competence rules, party rights and the right to lodge complaints.
- Contract law
Contract formation (Contract Act, Ch. 1). The law of agency (Contract Act Ch. 2) Contractual invalidity rules (Contract Act Ch. 3, etc.) The rules concerning the legal capacity of minors, the incapacitated and the insane to act.
- Law of sales
The concepts of the law of sales. Consumer protection. The rules of law concerning delays and defects. Contractual law of tort.
- Law of negotiable instruments
The common provisions on contracting a monetary claim and the content of these provisions, as well as overdue payment, counterclaims, limitation and joint liability (including guarantees). In-depth coverage of the law and rules on debt instruments, bearer debt instruments and simple debt instruments.
- Law of mortgages and pledges
Study of the law of mortgages and pledges with a review of the various groups of pledges and the various pledging methods with a special focus on the legal protection rules.
- Company law
The Partnerships Act and the Companies Act with a special emphasis on mortgage rules, decision-making processes, practice of authority and company representation. Related issues are also discussed such as the law of business names, the law of procuration.
- Law of property and bona fide purchase
An introduction is given to the rules on what applies when the seller was not entitled to sell or give up the object/property.
- Debt negotiations and bankruptcy
An introduction is given to the main rules of the debt enforcement law and an overall presentation of the law of bankruptcy with a special emphasis on the bankruptcy terms, annulment rules and the contractual obligations of the debtor in bankruptcy. A review of the economic terms for spouses/cohabitants with the main emphasis on the rules that are important for their creditors.
- Financial crime
Selected parts of the Criminal Code, the Accounting Act, the Tax Assessments Act, the Tax Payment Act and the Value Added Tax Act.
The course is taught over two terms with a total of 90 teaching hours organized in the following way:
The first part of the course REV 3578 is taught in the autumn semester with 27 lecture hours and 8 seminar hours for written assignments. The autumn term ends with a 3-hour individual written exam that is graded pass/fail.
The second part of the course REV 3579 is taught in the spring term with 41 hours of lectures and 14 seminar hours for assignments. The spring term ends with a 6-hour individual written examination.
Before each lecture students are expected to study the syllabus and the subject to be lectured on. The assignment programme is extensive and the purpose is for the students to apply actual knowledge and to practice solving assignments. The students are expected to acquire knowledge of parts of the syllabus through self-tuition.
E-learning
The e-learning platform It’s learning is used by the e-learning centre to administrate the mandatory exercises, and make students able to communicate with each other ant the Lecturer. Module sessions are carried out at the beginning of the semester and before exams. The e-learning students are also offered a study guide which is an educational guide to the syllabus.
Higher Education Entrance Qualification
None
| Assessments |
|---|
Exam category: Submission Form of assessment: Written submission Invigilation Grouping: Individual Support materials:
Duration: 3 Hour(s) Exam code: REV35771 Grading scale: Pass/fail Resit: Examination when next scheduled course |
Exam category: Submission Form of assessment: Written submission Invigilation Weight: 100 Grouping: Individual Support materials:
Duration: 6 Hour(s) Exam code: REV35772 Grading scale: ECTS Resit: Examination when next scheduled course |
All exams must be passed to get a grade in this course.
| Activity | Duration | Comment |
|---|---|---|
Teaching | 68 Hour(s) | |
Other in classroom | 22 Hour(s) | Seminars |
Prepare for teaching | 50 Hour(s) | |
Student's own work with learning resources | 211 Hour(s) | |
Group work / Assignments | 40 Hour(s) | |
Examination | 9 Hour(s) |
A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 15 ECTS credit corresponds to a workload of at least 400 hours.