The ACCA Corporate and Business Law (LW) exam provides an introduction to the legal environment impacting business activities. It aims to develop your understanding of how regulations influence business strategy and operations, and to recognize when professional legal counsel is required.
📘 Key Topics Covered
The syllabus focuses on two primary areas:
🏛 Corporate Law
The establishment and structure of organizations
The responsibilities and authorities of company leaders
The rights of company owners
Organizational management and financial failure
⚖️ Business Law
Contractual agreements: creation, stipulations, violations, solutions
Workplace regulations: entitlements and responsibilities
Representation regulations: connections and accountabilities
Judicial systems and origins of law
🧪 Exam Structure
Computer-Based Exam (CBE): 2 hours
Part A: 25 multiple-choice questions (2 points each)
Part B: 5 comprehensive questions (6 points each), based on hypothetical situations
📚 Learning Materials
Available resources include:
The official ACCA LW study resource with sections, quick study aids, and practice questions
Sample assessments and simulated exams with evaluation guidelines
Assessor's analyses and professional articles for further understanding
💡 Success Strategies
Prioritize grasping concepts, rather than simply memorizing rules.
Practice implementing legal principles to practical situations.
Utilize visual aids to illustrate organizational frameworks and legal connections.
Examine previous exam questions to familiarize yourself with the format and reasoning.
Would you like assistance with a particular area such as contractual agreements, responsibilities of company leaders, or perhaps a practice scenario to evaluate your knowledge?
