ICAEW ACA Business Law study guide
ICAEW ACA Business Law · Work through your exam, one topic at a time.
ICAEW ACA Business Law is one of the Certificate Level exams in the ICAEW ACA qualification, the chartered accountancy pathway offered by the Institute of Chartered Accountants in England and Wales. This page is an independent study resource for candidates preparing for that exam; it is not affiliated with, endorsed by, or operated by ICAEW. The exam sits alongside other Certificate Level papers and introduces the legal framework that underpins business and accounting work: the English legal system and sources of law, the formation and content of contracts, company law topics such as incorporation, share capital and directors' duties, and the law governing insolvency and employment. The published ICAEW page for this exam could not be retrieved when this page was compiled, so the specific delivery format, question count, duration, pass mark, fees and retake rules are not stated here and are marked for review. The ICAEW ACA Business Law study guide has 4 sections and about 1,300 words.
01Business Law: Sources, Courts and Dispute Resolution
Business law in the ACA exam tests how English law is made, applied and disputed. Expect questions on the hierarchy of courts, judicial precedent, statutory interpretation, delegated legislation and the civil/criminal divide.
318 words, about 2 min02Contract Law: Formation, Terms and Remedies
Contract law tests whether a promise is enforceable and what happens when it fails. ACA questions focus on formation, consideration, intention, terms, misrepresentation, discharge and remedies, with consumer contracts governed by the Consumer Rights Act 2015.
347 words, about 2 min03Company Law: Personality, Constitution and Directors' Duties
Company law tests the consequences of incorporation and how companies are governed. ACA questions cover separate legal personality, constitution, share capital, directors' duties, shareholder remedies and meetings.
320 words, about 2 min04Insolvency and Employment Law: Failure and Workplace Rights
Insolvency and employment law tests the routes into and out of financial failure, and the legal protections around work. ACA questions often combine priority of claims with employment rights on termination or transfer.
315 words, about 2 min