TROY UNIVERSITY
MASTER SYLLABUS
SORRELL COLLEGE OF BUSINESS
LAW 6600
Business Law for Accountants
Prerequisites
If part of the EMBA sequence, EMBA 5501. If part of the MBA sequence, MBA 5503 or
equivalent. Not available in the MSHRM or MSM program.
Description
This course focuses on the legal implications of business transactions, particularly as they relate
to accounting and auditing. It includes, but is not limited to, such topics as contracts, commercial
paper, secured transactions, business organizations, and real and personal property. This course
is designed to give a review of basic legal principles and to enable a student to recognize and
understand their legal significance in business transactions.
Objectives
On completion of the course, the student should be able to:
1.
2.
3.
4.
5.
Identify relevant legal issues that affect the practice of accounting.
Discuss the legal implications of business situations.
Apply the underlying principles of law to accounting and auditing situations.
Demonstrate knowledge of when to seek legal council or recommend it to be sought.
Pass the Regulations section of the CPA examination.
Purpose
To provide a review of basic legal principles and enable recognition and understanding of their
significance in business transactions. This course tests the candidate’s knowledge of the legal
implications of business transactions, particularly as they relate to accounting and auditing. The
main focus of the course is on contracts and sales, commercial paper, secured transactions,
business organizations, bankruptcy, and real and personal property. By virtue of the subject
matter presented, the course can be used in preparation for the Business Law section of the CPA
examination. MBA Accounting option requirement. EMBA Accounting concentration
requirement.
Master Syllabi are developed by the senior faculty in each business discipline. This Master Syllabus must be used as the basis for developing the
instructor syllabus for this course, which must also comply with the content specifications outlined in the Troy University Faculty Handbook.
The objectives included on this Master Syllabus must be included among the objectives on the instructor’s syllabus, which may expand upon the
same as the instructor sees fit. The statement of purpose seeks to position the course properly within the curriculum and should be consulted by
faculty as a source of advisement guidance. Specific choice of text and other details are further subject to Program Coordinator guidance.
1 August 2005
Master Syllabus: LAW 6000
2
Approved Texts
Delaney, P. R., & Whittington, O. R. (2004 or current). Wiley CPA examination review 2005:
Regulation. Hoboken, NJ: Wiley.
Supplements
As deemed appropriate.
Troy State University Faculty Handbook (2001): Section 3.8.2.8 [extract]—22 essential elements of the syllabus (somewhat modified for space):
a.
b.
c.
d.
e.
f.
g.
Course title
Course number
Term
Instructor
Prerequisites
Office hours
Class days, times
h.
i.
j.
k.
Classroom location n. Grading methods,
Office location
criterion weights,
Office telephone
make-up policy,
Course description,
mid-term grade
objectives
reports
l. Text(s)
o. Procedure, course
m. Other materials
requirements
p. General supports
r. Additional services u. Cheating policy
(computer works,
(Americans with
v. Specialization
writing center)
Disabilities Act,
requirements
q. Daily assignments,
other statements)
(certification,
holidays, add/drop s. Absence policy
licensure, teacher
& open dates, dead t. Incomplete-work
competencies)
day, final exam
policy