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Let’s dive into F4 Corporate & Business Law (Singapore Variant).
- Explore some of the areas that could be examined
- Share insights from our local ACCA tutors on how you can better prepare for the exams
Areas that could be examined**
When preparing for this paper, it is important to take note of some of the following areas,
Essential elements of the legal system
- Explain the structure and operation of the courts and reception of English law in Singapore.
- Explain what is meant by case law and Precedent, legislation and delegated legislation.
- Illustrate the rules and presumptions used by the courts in interpreting statutes.
The law of obligations
- Explain the meaning of an offer and distinguish it from an invitation to treat, the meaning and consequence of acceptance, and the meaning of and the need for consideration.
- Distinguish between a term and a representation and explain the rules to determine causation and remoteness of damage.
The formation and constitution of business organisations
- Demonstrate knowledge of the legislation governing partnership, and the limited liability partnership.
- Analyse different types of companies, especially private and public companies, companies limited by shares and by guarantee, limited and unlimited liability companies.
Capital and the financing of companies
- Examine the differences between share capital and loan capital and the different rights of shareholders and debenture holders.
- Explain the rules governing reduction of capital.
Management, administration and regulation of companies
- Explain the duties that directors owe to their companies, namely, duty to act bona fide in the interests of the company, duty to avoid conflict of interests, duty to act for proper purpose and duty of care, both at general law and under legislation.
- Explain the members’ right to apply for relief if they are treated unfairly, to wind up the company on the ‘just and equitable’ ground, and to enforce corporate rights in a derivative action.
Winding up and corporate rescue
- Explain the meaning of and procedure involved in voluntary winding up, namely, members’ and creditors’ voluntary winding up and the procedure to be complied with to effect a scheme of arrangement.
Corporate fraudulent and criminal behaviour
- Recognise the nature and legal control of market abuse, namely, creation of false trading, market rigging, and market manipulation.
Disclaimer: For more details on the areas that could be assessed, please refer to the F4 Corporate & Business Law Singapore (SGP) syllabus & study guide December 2014 to March 2016.
Insights from our ACCA tutors in Singapore
Let’s see what some of our tutors (from Platinum Approved Learning Providers) have to say on how you can improve your chances at scoring!
Kaplan Learning Institute Pte Ltd
“Although now 70% of the F4 Corporate & Business Law examination marks derive from predominantly MCQs, students should not take it too easy.
Nevertheless, students must still learn and be very familiar with the basic principles and the supporting case authorities and legislations, especially for the laws of Contract, Torts and Corporate laws and the simple application of these principles to the facts of the MCQs.”
ACCA Tutor: Kweh Soon Han
London School of Business & Finance – Singapore
“For MCQ, students should narrow down the choices and no guessing of answers, but eliminate the wrong or incorrect answers. For MTQ, to identify any relevant issues or point of law for lengthy discussion but to support or substantiate the answers with relevant citations of cases and statutes.”
ACCA Tutor: Ramesh Balakrishnan
SAA Global Education Centre Pte Ltd
“Understand the basic laws in simple English and summarise in your own words.”
ACCA Tutor: Adrian Hoa
More study resources for F4 and other papers
Click here for more study resources for paper F4!
** These areas are described using verbs indicating what students may be required to demonstrate, and the broad intellectual level at which these may need to be demonstrated. (This is based on the F4 Corporate & Business Law Singapore (SGP) syllabus & study guide December 2014 to March 2016.)