This course covers basic legal principles that every accountant should be familiar with to avoid common legal disputes and costly litigation. By analyzing business law issues from the standpoint and background of accountants and auditors, this course will help you develop an approach to client and practice issues with a sensitivity and appreciation for potential legal ramifications.
Learning Objectives
- Identify the most common legal issues arising in the business context
- State the general legal rules applicable to business situations
- Recognize the role that accountants can play in identifying and resolving legal problems
- Identify compliance aspects of different entity types
Major Topics
- Contract principles
- Partnerships and limited liability entities
- Legal issues related to various types of business organizations
- Worker classification
- Employee rights and the duties of employers
- Intellectual property
- Real property law
- Bankruptcy basics
- Environmental Law
- Merger basics
