The LAW syllabus is designed to develop knowledge and chops in the understanding of the general legal frame, and of specific legal areas relating to business, recognising the need to seek further specialist legal advice where necessary.
Remember, the end of LW isn't to turn you into a counsel, but rather to concentrate on the legal areas that an accountant must be apprehensive of when rehearsing.
The syllabus covers a range of legal areas that an accountant needs to have knowledge of to help in their career, similar as contract law, employment law, and understanding the conformation, backing, and administration of companies, as well as commercial fraud among other effects.
Commercial and Business Law is one of the Applied Chops subjects within ACCA and the knowledge learned then's applicable in other applied skill subjects like Financial Reporting (FR) and Inspection and Assurance (AA) as well as bolstering the after Strategic Professional Essential subject Strategic Business Reporting (SBR). Thus it's essential to make a strong foundation of knowledge while studying for the LW course.
LW Test Format
LW Test Format
This test follows a unique format for an Applied Chops course, as it's further analogous to the Applied Knowledge examinations you'll have been used to, or had immunity from.
The syllabus is assessed by a two hour Computer Grounded Examinations (CBE) which can be reserved on- demand, rather than sat in the normal ACCA sittings like other Applied Chops examinations. The pass mark, like all other examinations in the ACCA qualification, is 50.
The LW test consists of two sections with all mandatory questions. The breakdown of these is as follows
Section A comprises 25 Objective Test (OT) questions worth 2 marks each, for a aggregate of 50 marks, and 20 Ideal Test (OT) questions worth 1 marks each, for a aggregate of 20 marks.
This section of the test is thus worth 70. These can come from any syllabus area.
Section B contains 5 Multi Task Questions, each worth 6 marks each, for a aggregate of 30 marks. Formerly again these can come from any syllabus area. These are analysis and operation questions, and the format is a series of tasks that relate to a problem script.
This means that every question on the test can come from any content on the syllabus, so failing to cover the full course will no doubt prove veritably expensive in the test.
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