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1. Course Title Commercial Law

2. Course Code DBCL2013
3. Course Core
Classification
4. Lecturer Sharmini
5. Rationale Accountants should be exposed to basic concepts and
learned the principles and practice of Commercial Law so
that they can become better managers and decision
makers.

6. Semester & Year Year 2, Semester 4

7. Total Student
Learning hours Face to Face Self Learning
(SLH)
L = Lectures L T P O
T = Tutorial 84
28 14
P = Practical/Lab Total Student Learning hours (SLH): 126
O= Others
8. Credit Hours 3
9. Prerequisite None
10. Objectives To learn basic concepts, principles and practices of
Commercial Law relevant to managing business
organizations.

11. Learning At the end of the course, students should be able to;
Outcomes 1. Understand the environment, basic concepts and
principles of Commercial Law in modern
management.
2. Identify Commercial Law issues and select the best
option to solve them.
3. Apply lessons learned in managing organizational
activities.
 12. Synopsis This module will introduce students to some basic
aspects of business laws. Topics to be covered include
sources and classification of law, the law of contract and
an introduction to employment law. The sources and
classification of law, the court system. Essentials of
contract law, including formation of contract, express and
implied terms and exclusion clauses, discharge and
remedies. Introduction to employment law, including
employees and independent contractors, unfair and
wrongful dismissal, aspects of health and safety at work.

13. Learning Methods Lectures, Tutorials and self learning assignments

14. Assessment Mid-Semester Exam 20%
Methods Final Exam 50%
Assignment 30%

15. Relationships between Course Learning Outcomes (CLO) and Programme

Learning Outcomes (PLO) :-
PL
O 1 2 3 4 5 Learning Methods Assessments
CLO
1 3 2 2 2 3 Lectures, Tutorials, Exams, Assg.
Assignments
2 3 3 Lectures, Tutorials, Exams, Assg.
Assignments
3 3 2 2 2 3 Lectures, Tutorials, Exams, Assg.
Assignments

1= CLO fulfills PLO without official assessment

2= CLO fulfills PLO through partial assessment
3= CLO fulfills PLO through official assessment

16a. Relationship between Course Content, CLO & Bloom Taxonomy

Levels (BTL)
Bloom
Topic Title SLO Taxonomy
*
1 Budget Preparation 1-3 1-3
  Introduction, definition and purpose
 The need for and the budgeting process
 Budteing techniques – traditional/historical, zero
based, performance and activity based
 Preparing the master budget – the operational
budget, the capital budget and the financial
budget (cash budget, budgeted P&L and
budgeted Balance Sheet).
2 Budgetary Control 1-3 1-3
 Control systems - Feed Foward Vs. Feeback
 Stati vs flexible budgets – performance and
adjustment reports
 Limitations
3 Cost Volume Profit (CVP) Analysis 1-3 1-3
 Definitions and understanding of concepts from
Economics against the accounting model
 Sensitivity of profits based on volume and price
changes
 Calculations of BEP and Safety Margin
 Graphical presentations of CVP
 Limitations
4 Standard Costing and Variance Analysis 1-3 1-3
 Theory and practice of Standard Costing
 Determining Standards
 Varians Analysis – Sales, Materials, Labor and
Overheads variances
 Planning and control of variance analysis
 The use of budgets and budget figures in
variance calculations
 Limitations

5 Short Term Decision Making 1-3 1-3

1* Costs and the concept of relevant range
2* Dropping a product / segement
3* Special order
4* Produce vs purchase from suppliers
5* Sell or process further
6* Pricing – Methods and strategies
7* Limitations
8* Qualitative factors in decision making
6 Capital Budgeting 1-3 1-3
9* Concepts – Time value of money
10* Types of capital projects / investments
11*Capital budgeting techniques – DCF (NPV, IRR)
vs Non DCF (payback period) methods
12* Capital Rationing
 13* Ethical issues in LT decision making
BTL: 1= Knowledge; 2= Understanding; 3=Application; 4= Analysis; 5= Synthesis; 6=
Evaluation

16b. Detailed Contact Hours According to Learning Methods

Self
Lec
Topic Tittle Tut. P/L Stud SLH
.
y
1 Budgets and Budget Preparation 8 4 0 24 36
2 Budgetary Controls 4 2 0 12 18
3 Cost-Volume-Profit (CVP) Analysis 2 1 0 6 9
4 Standard Costing & Variance Analysis 4 2 0 12 18
5 Short Term Decision Making 6 3 0 36 54
6 Capital Budgeting 4 2 0 12 18

Total Learning Hours per Semester 28 14 0 84 126

Notional Learning Hours Required 120
Notional Credit Hours 3

17. Main Reference Drury, C., Management and Cost Accounting, (2008). 7th
Edition, Cengage Learning.
Additional 1. Needles B.E. and Crosson S.V.; (2011), Managerial
Accounting Principles, 9th Edition, South-Western
References 2. Hilton R.W. (2005). Management Accounting, 6th
Edition, McGraw-Hill.
3. Garrison, R. H, Noreen, E. W. & Brewer, P.C. (2005)
Managerial Accounting, 11th Ed. Irwin
18. Other None
Information