ACCT 320 - Business Law for Accountants

Units: 3
Business law topics of the CPA exam including contract law, commercial law (UCC), compliance with government regulations, negotiable instruments, secured transactions, bankruptcy, agency, employment and labor law, antitrust law, federal securities laws, business entities, and property.

Equivalent Quarter Course: ACCT 4223.
Possible Instructional Methods: Entirely On-ground, or Entirely Online.
Grading: A-F grading only.
Course Typically Offered: Fall & Spring

Student Learning Outcomes - Upon successful completion of this course students will be able to:

Summarize basic contract law and explain advanced contract concepts such as the Statute of Frauds, assignment, delegation, performance and discharge, breach of contract and remedies;
Describe the Uniform Commercial Code and domestic sales and lease contracts, title, risk and insurable interest;
Explain the basic concepts of warranties and product liability. Explain legal concepts related to negotiable instruments, creditors’ rights and bankruptcy;
Name the requirements to form and terminate an agency relationship;
Explain basic employment, labor law and employment discrimination concepts;
Summarize the advantages and disadvantages of business entities such as the C and S Corporations, sole proprietorships, partnerships, limited partnerships, limited liability partnerships, and limited liability companies;
Identify the formation and financing of corporations and the roles of corporate shareholders, directors, and officers;
Name the requirements of corporate mergers and acquisitions;
Explain the requirements of federal and state securities laws;
Name the basic terminology associated with real and personal property.