Module Specification template (AQD007)

The University’s module specification template has been developed to fulfil two main functions. It shall act:

● as a source of information for students and prospective students seeking an understanding of the
module;
● to ensure that there is clarity concerning the aims and intended learning outcomes of the module for
the University during the approval and periodic review processes.

Part One: ABOUT THE MODULE

1a Module title Business Law and Ethics
1b Subject Standards Board Accounting
1c Location(s) module is offered Islington College, Kathmandu, Nepal
1d Courses the module is available on BA (Hons) Business Administration
2 Module code AC4056NI
3 Module level and credit rating Level 4 15
4 School Guildhall School of Business and Law
5 Teaching period Autumn, and Spring Period (15 weeks)
6 Mode of attendance Day
7 Module pre-requisites and co- NO
requisites
8 Module description

The first part of the module aims to introduce students to the basic foundations of law and its relationship
with the business professions. The second part of the module would concentrate on the relevance of ethics
in the business and accountancy professions. This part would highlight the importance of avoiding fraud
and misleading statements by adopting the most recent ethical standards of financial reporting and
corporate practices.

9 Module learning outcomes

On successful completion of this module students would be able to

LO1: Demonstrate an understanding of the Legal System, the sources of law, the court structures,
hierarchy of the courts and the influence of EU laws.

LO2: Explain the basic principles of law which affect businesses and individuals, particularly, in relation to
Contract Law, Tort Law and Sale of Goods.

LO3: Demonstrate an understanding of the importance of ethics to society, business and the professional
accountant and related professions

LO4: Recognise that business and finance should be conducted in a manner which complies in the spirit of
accepted professional ethics and values

10 Indicative syllabus – for full details see section C in module booklet

1. The English Legal System
• Sources of Law
• Civil and Criminal Law
• Hierarchy of Courts and Court Structure
• Influence of EU Law

2. Fundamentals of Contract Law

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 • Offer and Acceptance
• Consideration
• Intention to create legal relations
• Contract Terms
• Frustration in Contract
• Consumer Rights Act 2015
• Remedies for breach of Contract

3. Law of Torts
• Negligence and Duty of Care
• Causation and Remoteness
• Vicarious Liability
• Passing-off; Defences
• Application to Accountants and Auditors

4. Professional Ethics in Accounting & Business

• The nature of ethics and its relevance to society, business and the accountancy profession
• The role of regulatory and professional bodies in promoting ethical and professional standards in the
business & accountancy profession
• Recommend improvements to accounting systems to prevent error and fraud and to improve overall
efficiency
• Ethics in financial reporting in respect of selection and adoption of accounting policies and estimates
• The benefits of a corporate code of ethics and ethical conflicts and dilemmas to the organisation and
its employees

5. Nepalese Law – Business, Contract, and Trot

Learning Outcomes LO 1 - 4
11 Indicative bibliography and key on-line resources
Reading List Talis Link:
https://bblearn.londonmet.ac.uk/webapps/blackboard/content/launchLink.jsp?
course_id=_42633_1&tool_id=_2924_1&tool_type=TOOL&mode=cpview&mode=reset

CORE TEXTBOOKS

1.Macintyre E, Business Law 2018, Pearson

2. Business Ethics: Concepts and Cases -- Books a la Carte, 8/E Manuel G. Velasquez, Santa Clara
University
ISBN-10: 0133832392 • ISBN-13: 9780133832396
©2016 • Pearson • Unbound (Saleable), 448 pp
Published 09 Aug 2017

OPTIONAL TEXTBOOKS
1. Adams A, Law for Business Students, Pearson

WEB PAGES
Westlaw – www.westlaw.co.uk
Lawtel – www.lawtel.co.uk
Department of Trade and Industry – www.dti.gov.uk
Office of Fair Trading – www.oft.gov.uk
Statutes and Conventions – www.lexmercatoria.org.uk

Journal:
http://www.emeraldinsight.com/journal/srj
12 What is the balance of independent study and scheduled teaching activity within the module?

Teaching will take the form of weekly 1.5-hour lectures and 1.5 hours of tutorial & workshop.

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 The lectures will aim to teach knowledge and skills in the fields of Business Law and Ethics. Students will
be given guidance on what to expect and how to solve real-life difficult business and ethical issues.

In seminars, students would come prepared to discuss and reflect on the issues raised in the lectures as
well as issues from independent study. Students will be given opportunities to apply and analyse the
principles of Law and Ethics in a variety of businesses contexts.

NOTE: 1 credit = 10 hours’ learning (i.e., 30 credits should total 300 hours)
Method Description Learning
hours
Scheduled Learning & Teaching 1 * 1.5 hrs Lecture 54 (36%)
1 * 1.5 hrs Tutorial
1 * 1.5 hrs Workshop
4.5 hrs per week * 12 weeks
Guided independent study 96 (58%)
Assessment preparation/delivery
Placement/study abroad
TOTAL LEARNING HOURS FOR THE MODULE 150
13a Description of assessment items.

The assessment strategy will consist of two components:

1. Seen Exam - this assessment will involve problem questions designed to test students analytical and
problem- solving skills under time-constrained conditions

2. Oral Exam – this assessment will be in the form of individually assessed group presentations

13b Description of assessment Assessment Qualifying Qualifying Week due Learning

component weighting marks and sets outcome/s
conditions
EXAM Seen Examination: 60% 40% Pass on 8 LO1, LO2
Case study based aggregate
seen exam – 90
minutes
Cours Group Coursework: 40% 40% Pass on Exam LO1, LO2,
ework Individually aggregate week 13- LO3, LO4
assessed group 15
presentations - 20
minutes
16 Original date of validation (AQD) Please enter the validation date.
17 Revision date (specify cohort) (AQD) Please note date of any modifications.
18 Module specification version number (AQD) Please input the version number.
19 SITS Mark Scheme (Student Journey) Please input the SITS mark scheme.
20 Subject Standards Board Name (Student Journey) Please input the SSB name.

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