ACCTN304-22A (HAM)

Corporate Entities

15 Points

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Division of Arts Law Psychology & Social Sciences
Te Piringa - Faculty of Law

Staff

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Convenor(s)

Lecturer(s)

Administrator(s)

Placement/WIL Coordinator(s)

Tutor(s)

Student Representative(s)

Lab Technician(s)

Librarian(s)

: yilan.chen@waikato.ac.nz

You can contact staff by:

  • Calling +64 7 838 4466 select option 1, then enter the extension.
  • Extensions starting with 4, 5, 9 or 3 can also be direct dialled:
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    • For extensions starting with 5: dial +64 7 858 extension.
    • For extensions starting with 9: dial +64 7 837 extension.
    • For extensions starting with 3: dial +64 7 2620 + the last 3 digits of the extension e.g. 3123 = +64 7 262 0123.
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Paper Description

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Legal studies provide business students with the knowledge they need to interact clearly and productively with legal professionals. Students learn to identify the areas of law that are specific to their business or sector. The business world is changing rapidly and successful business professionals need to know how to adapt, learn and solve problems. Students will be able to identify and explain:

  • the current law, including statutes, regulations and common law of commercial entities and trading structures - especially those of the company
  • the legal duties owed by company directors
  • the significance of shareholders to a company
  • the impact from different business regulators and regulations
  • the significance of Maori business to the New Zealand business environment
  • the importance of corporate governance
  • the impact of corporate insolvency
  • the impact of personal insolvency
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Paper Structure

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This paper will be taught through lectures which will also be delivered through zoom. There will be tutorials to enable students to apply their knowledge of the law, in order to further improve their understanding of the legal principles discussed during the lectures.

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Learning Outcomes

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Students who successfully complete the paper should be able to:

  • Identify and explain the current law, including statutes, regulations, and common law, of commercial entities and trading structures, especially with regard to concepts of corporate legal entities.
    Linked to the following assessments:
  • Have a basic understanding of the main forms of capital a company may be able to access. This is important particularly at the beginning of a company's life when the company's operations have not yet generated cashflow, but there are still obligations.
    Linked to the following assessments:
  • Identify and explain the statutory and administrative requirements relating to record keeping, accounting, auditing, reporting and disclosure, in relation to companies.
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  • Understand and communicate duties and responsibilities of directors in relation to companies, and students will be able to apply these to practical examples.
    Linked to the following assessments:
  • Understand other areas of law impacting on the operations of companies from a practical perspective so that students will be able to identify and apply these various issues in a practical manner.
    Linked to the following assessments:
  • Recognise and apply concepts of corporate governance so students will be able to understand the importance of a business having a governance framework.
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  • Consider the concept of risk management, with emphasis being placed on the role of directors in terms of their responsibilities as directors charged with governance and management oversight.
    Linked to the following assessments:
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Assessment

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The assessment for this paper consists of four(4) components, which are: tutorial homework, three in-class tests. None of these assessments is compulsory, but students are strongly advised to complete them - not doing so will place too much emphasis on the final test as a source of grades for this paper.

Students must keep in mind that if there is anything impeding their successful completion of any internal assessment, they should discuss this with the paper convener, who may be able to suggest assistance available to help with the problem. Evidence is required for applications for an extension or special consideration of an assessment.

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Assessment Components

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The internal assessment/exam ratio (as stated in the University Calendar) is 100:0. There is no final exam. The final exam makes up 0% of the overall mark.

The internal assessment/exam ratio (as stated in the University Calendar) is 100:0 or 0:0, whichever is more favourable for the student. The final exam makes up either 0% or 0% of the overall mark.

Component DescriptionDue Date TimePercentage of overall markSubmission MethodCompulsory
1. Tutorial Homework
10
  • Online: Submit through Moodle
2. Test One
30 Mar 2022
3:00 PM
30
  • Online: Submit through Moodle
3. Test Two
11 May 2022
3:00 PM
30
  • Online: Submit through Moodle
4. Third Test
8 Jun 2022
3:00 PM
30
  • Online: Submit through Moodle
Assessment Total:     100    
Failing to complete a compulsory assessment component of a paper will result in an IC grade
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Required and Recommended Readings

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Required Readings

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Barrett J and Feehily R., Understanding Company Law, 4th Edition 2019, LexisNexis NZ Limited, Wellington.

Use the APA Referencing Style. The University of Waikato Library has put together a selection of resources to help you acknowledge your sources properly. http://www.waikato.ac.nz/library/study/referencing

Companies Act 1993 and Amendments

Contents of files in Moodle Blocks

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Recommended Readings

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Further required readings may be provided on the Waikato Reading List for the paper and the paper’s Moodle site. Any such material, and all lecture material, is provided on the following terms:

University of Waikato owns the intellectual property rights, including copyright, in and to this site, or has acquired the necessary licenses to display the material on the site. As a student of the Te Piringa Faculty of Law, you are granted a limited license to use (access, display or print a single copy) the materials from the papers in which you are enrolled (including lecture and assessment materials) for the purposes of participating in the paper only, provided the information is not modified. Materials may not under any circumstances be copied, stored, distributed or provided in any form or method whatsoever to any third party. Any other use of the material is prohibited. None of the material may be otherwise reproduced, reformatted, republished or re-disseminated in any manner or form without the prior written consent of University of Waikato. To obtain such consent, please contact the Te Piringa Faculty of Law.

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Other Resources

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Other resources may be provided as appropriate. The scheduled lectures will also be recorded on Panopto, which will be available for students to access.
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Online Support

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If you require online support for mymoodle please email helpdesk at: wmshelp@waikato.ac.nz
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Workload

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Students should expect to spend 150 hours in total on this paper. In addition to lecture attendance, significant time will need to be
spent on background and complementary reading. Students should allow for periods of more focused
research time in the preparation of assignments.
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Linkages to Other Papers

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Prerequisite(s)

Prerequisite papers: Students must have 75 points across 100 and 200 levels in either Accounting, Finance, or Economics

Corequisite(s)

Equivalent(s)

Restriction(s)

Restricted papers: ACCT322, ACCT422, ACCTN309, LAWS305, LEGAL304, LEGAL305.

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