- You can start your F4 exam by completing your knowledge module.
- Knowledge Module
You’ll develop knowledge and skills in the understanding of the general legal framework, and of specific legal areas relating to business, recognising the need to seek further specialist legal advice where necessary.
WHAT IF YOU HAVE A DEGREE?
If you have a recognized and relevant finance or accounting degree from an ACCA-accredited university, you may not have to take all of the exams on your journey to membership. We call this “getting exemptions”. Even if you didn’t study at an accredited university, you may still be eligible for exemptions – depending on what you’ve already studied.
WHAT IF YOU DON’T HAVE THE QUALIFICATIONS WE ASK FOR?
You can still join us – but you’ll start your ACCA journey at our Foundations in Accountancy level. This will give you the base you need to learn more – and you’ll get our Diploma in Accounting and Business when you pass. Then you can start your journey to gaining the ACCA Qualification. And because of what you’ll learn in your Diploma, you won’t have to take the first three exams – you’ll start at F4.
To develop knowledge and skills in the understanding of the general legal framework, and of specific legal areas relating to business, recognising the need to seek further specialist legal advice where necessary.
On successful completion of this paper candidates should be able to:
- Identify the essential elements of the legal system, including the main sources of law
- Recognise and apply the appropriate legal rules relating to the law of obligations
- Explain and apply the law relating to employment relationships
- Distinguish between alternative forms and constitutions of business organisations
- Recognise and compare types of capital and the financing of companies
- Describe and explain how companies are managed, administered and regulated
- Recognise the legal implications relating to insolvency law
- Demonstrate an understanding of corporate fraudulent and criminal
A. ESSENTIAL ELEMENTS OF THE LEGAL SYSTEM
1. Law and the legal system
- Define law and distinguish types of 
- Explain the structure and operation of the courts.
2. Sources of law
- Explain what is meant by case law and precedent.
- Explain legislation and evaluate delegated legislation.
- Illustrate the rules and presumptions used by the courts in interpreting 
- Identify the concept and impact of human rights 
B. THE LAW OF OBLIGATIONS
1. Formation of contract
- Analyse the nature of a simple 
- Explain the meaning of an offer and distinguish it from an invitation to 
- Explain the termination of an (2)
- Explain the meaning and consequence of acceptance.
- Explain the need for 
- Explain adequacy and sufficiency of consideration.
- Analyse the doctrine of 
- Distinguish the presumptions relating to intention to create legal 
a) Distinguish between sole traders, partnerships
b) Explain the meaning and effect of limited liability.
c) Analyse different types of companies, especially private and public companies.
d) Illustrate the effect of separate personality and the veil of incorporation.
e) Recognise instances where separate personality will be ignored (lifting the veil of incorporation).
· ACCA F4 notes
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· ACCA F4 Revision
· F4 Revision Mock Exam