Corporate and Business Law (LW) essentials on one page

About Corporate and Business Law (LW)
Corporate and Business Law (LW) develops a core level of knowledge and skills around a general legal framework in the context of business, recognising the need to seek further specialist legal advice where necessary. LW recognizes that candidates are potential accountants, rather than potential lawyers. The aim is to develop knowledge and skills in the understanding of the general legal framework, specific business areas and when to seek specialist legal advice where necessary.

Overview of LW

Flowchart illustrating the essential elements of the UK legal system including the court system and sources of law

How to approach your studies

  • We strongly recommend that you study with an Approved Learning Partner or with ACCA-X.
  • Book your exam as early as possible to begin receiving tailored ACCA communications and support.
  • Visit our On-demand CBE hub to access ACCA-X, specimen exams, debrief videos, practice tests, articles & podcasts, and information on booking exams.
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Advice from the examining team

  • Study the whole syllabus because the exam will cover the full syllabus.
  • Practise as many objective test questions as possible to ensure you are comfortable with all questions styles.
  • Try not to spend too much time on apparently “difficult” questions.
  • Read more in the Examining team guidance.
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ACCA Study Hub

The ACCA Study Hub is an exclusive digital platform providing free access to study materials, flashcards, short quizzes and practice questions.

Find out how the ACCA Study Hub helps you prepare for your exams.

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Link to support resources

Access the LW syllabus, specimen & practice exams, technical articles and additional support resources here.

Subscribe to the ACCA student YouTube channel for the latest videos to help you prepare for your exams.

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About the exam

Exam format

LW is a two-hour exam, comprising two sections. All questions are compulsory.

  • Section A is worth 70 marks. It contains a mixture of 20 one-mark and 25 two-mark questions.
  • Section B contains five questions worth six marks each, with multiple tasks on analysis/application.

Tips for answering exam questions

  • Read the question carefully.
  • Read a question more than once if there is any uncertainty about the requirement.
  • Think before answering, don’t rush!
  • Answer the easy exam questions first.
  • If a question is especially difficult, eliminate the least likely choices, arriving at an answer by elimination.
  • Answer all questions even if unsure of the answer.
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