Reference no: EM132586972

OTHM Level 6 Diploma In Accounting And Business

Corporate and Business Law

Learning Outcome 1. Understand key elements of the English legal system.

Describe the key features of the legal system.
Explain the sources of law.
Analyse the law of obligations and contracts.
Outline the key features of insolvency law and administration.

Learning Outcome 2. Understand English legislation relating to anticompetitive practices.

Explain legislation relating to monopolies, mergers and anti-competitive practice.
Assess how legislation relating to monopolies, mergers and anti-competitive practice affects a specific business sector.
Explain the impact of legislation relating to monopolies, mergers and anti-competitive practice on international trade.

Learning Outcome 3. Understand intellectual property rights.

Identify different forms of intellectual property.
Explain the protection available for intellectual property.
Assess the importance of intellectual property protection for a specific business organisation.

Learning Outcome 4. Understand the legal relationship between business organisations and their consumers.

Explain the legal rules that relate to the sale of goods and provision of services.
Assess the statutory provisions on buyer's and seller's remedies in given situations.

Learning Outcome 5. Understand the legal background relating to limited companies.

Outline the formation and constitutions of limited companies.
Explain the capital and financing of private and public limited companies.
Outline the key regulatory requirements for management and administration of limited companies.
Assess the implications of corporate fraudulent and criminal behaviour.

Business Performance Measurement

Learning Outcome 1. Understand the principles of performance measurement.

Analyse the importance of performance measurement to organisations.
Explain the main functions of performance measurement systems.
Determine appropriate sources of information and data to carry out performance measurement.
Analyse external factors that impact on performance measurement.

Learning Outcome 2. Understand performance analysis in for profit and not- for-profit organisations

Outline the systems and processes involved in performance analysis in for-profit organisations.
Outline the systems and processes involved in performance analysis in not-for-profit and the public sector.
Explain why divisional performance is measured in organisations.

Learning Outcome 3. Understand specialist cost and management accounting techniques.

Evaluate the usefulness of activity-based costing.
Assess how target costing and life-cycle costing are used by business organisations.
Evaluate the relationship between throughput and environmental accounting.
Explain the rationale for transfer pricing.

Learning Outcome 4. Understand performance measurement reporting.

Explain why performance measurement is measured reported in organisations.
Evaluate the needs of different audiences when reporting performance.

Financial Securities Markets

Learning Outcome 1. Understand different types and trading of securities.

Explain types of securities and associated concepts.
Analyse key characteristics of each type of security.
Assess the impact of regulations and procedures used in trading securities.

Learning Outcome 2. Understand principles of investment theory, securities and market analysis.

Explain the principles of investment theory.
Analyse the valuation of shares, debts and other financial assets.
Assess the use of securities.

Critically review the underlying concepts of market analysis and efficiency.

Learning Outcome 3. Understand the legislation and regulation controlling the financial services industry.

Explain the need for legislation and regulation to control the financial services industry.
Explain the main features of legislation and regulation to control the financial services industry.

Audit and Assurance

Learning Outcome 1. Understand internal audit principles.

Explain the reasons for an internal audit.
Outline internal audit principles.
Review internal audit techniques used by business organisations.
Outline the differences between internal and external audits.

Learning Outcome 2. Understand current external audit legal and professional requirements.

Review the current auditing regulatory environment.
Explain the rules of professional conduct for auditors.
Review current developments in auditing.
Evaluate the value of a statutory audit.

Learning Outcome 3. Understand the risk involved in the external audit process.

Analyse audit risk.
Recommend measures to minimise audit risk.

Learning Outcome 4. Understand current external auditing practice.

Explain audit processes and techniques.
Evaluate the impact of the legal and professional requirements on the performance of an audit.

Business Research Project

Learning Outcome 1 Be able to propose a research project in a business and management context.

1.1 Assess the factors that contribute to the process of research project selection.
1.2 Formulate and record possible research project outlines and specifications.
1.3 Develop research questions or hypothesis with rationale.
1.4 Clarify resources efficiently for the research question or hypothesis.
1.5 Create an agreed SMART timeframe for completion of the research.

Learning Outcome 2 Be able to prepare a research plan and conduct a literature review.

2.1 Critically appraise literature relevant to the chosen research context.
2.2 Evaluate research methodologies and provide a rationale for a chosen research methodology.
2.3 Evaluate data collection methods and provide a rationale for chosen data collection methods.
2.4 Produce a research proposal.

Learning Outcome 3 Be able to carry out research according to the chosen research specification.

3.1 Carry out the proposed research investigation in accordance with the research specification.
3.2 Collect and present relevant data as outlined by the research specification.
3.3 Interpret and analyse the results in relation to the research specification.

Learning Outcome 4 Be able to evaluate research and present results and conclusion.

4.1 Use appropriate research evaluation techniques to justify the validity of the research.
4.2 Make recommendations, justifying areas for further consideration.
4.3 Present the outcomes of the research to an audience using appropriate media.

Investment and Risk Management

Learning Outcome 1 Understand the principles of financial market trading and investment

1.1 Explain the structure of the different types of financial markets.
1.2 Discuss how, why and where trading and investment takes place.
1.3 Examine the impact economic and political events have on financial markets and investment.

Learning Outcome 2 Understand the theory of financial market trading and investment

2.1 Examine how trading performance is affected by human psychology.
2.2 Explain how technical analysis is used in financial markets.
2.3 Assess how technical analysis strategies are used in practice.

Learning Outcome 3 Understand risks associated with market trading and investment

3.1 Analyse types of investment risk.
3.2 Assess how investment risks can be mitigated.