ACCA F1
ACCOUNTANT IN
BUSINESS
, chapter 1: BUSINESS ORGANISATIONS AND THEIR
STAKEHOLDERS
chapter 2: THE BUSINESS ENVIRONMENT
chapter 3: THE MACRO-ECONOMIC ENVIRONMENT
chapter 4: MICRO ECONOMIC FACTORS
chapter 5: BUSINESS ORGANISATION, STRUCTURE
AND STRATEGY
chapter 6: ORGANISATIONAL CULTURE AND
COMMITEES
chapter 7: CORPORATE GOVERNANCE AND SOCIAL
RESPONSIBILITY
chapter 8: THE ROLE OF ACCOUNTING
chapter 9: CONTROL, SECURITY AND AUDIT
chapter 10: IDENTIFYING AND PREVENTING FRAUD
chapter 11: LEADING AND MANAGING PEOPLE
chapter 12: RECRUITMENT AND SELECTION
chapter 13: DIVERSITY AND EQUAL OPPORTUNITIES
chapter 14: INDIVIDUALS, GROUPS AND TEAMS
chapter 15: MOTIVATING INDIVIDUALS AND GROUPS
chapter 16: TRAINING AND DEVELOPMENT
chapter 17: PERFOMANCE APPRAISAL
chapter 18: PERSONAL EFFECTIVENESS AND
COMMUNICATION IN BUSINESS
chapter 19: PROFESSIONAL ETHICS IN ACCOUNTING
AND BUSINESS (ETHICAL CONSIDERATIONS)
, CHAPTER 1: BUSINESS ORGANISATIONS AND THEIR
STAKEHOLDERS
PURPOSE OF BUSINESS ORGANISATIONS
An organization is ‘a social arrangement which pursues collective
goals, which controls its own performance and which has a boundary
separating it from its environment.
Examples of organizations include-:
Army
Trade union
Local Authority
Charity
Accountancy firm and so on (etc)
Why do organizations exist?
Organizations can achieve results which individuals
cannot achieve by themselves.
Organizations enable people to specialize in what they do
best.
Organizations save time because people can work together
or do two aspects of a different task at the same time.
Organizations accumulate and share knowledge.
Organizations enable people to be more productive.
HOW DO ORGANIZATIONS DIFFER?
Ownership -: either the organization is a private or
government owned.
Control-: whether the organization is controlled by the
owners themselves or government-sponsored regulators.
, Activity-: this looks at the sector in which the organization
operates whether it’s in manufacturing, health-care,
finance and so on.
Whether it’s a profit or non-profit organization
Legal status-: whether it’s under limited companies or
partnerships
Size -: whether it’s a small or multinational corporation
Sources of finance-: whether it borrows from banks or it
raises its funds by issuing of shares.
Technology-: whether it’s a computer firm or just a
regular shop
WHAT ORGANISATIONS DOES
Agriculture -: this comes in many forms either focusing in
crops like wheat and tobacco or agriculture/farming focused in
livestock
Manufacturing-: converting raw materials into a product for
example, a car
Extractive/ raw materials –: here this sector focuses in mining
generally for example mining gold or coal and so on
Energy -: this sector focuses on converting resources into power
like coal into electricity
Retailing and distribution -: this sector focuses on delivering
goods to the end consumer
Intellectual production -: for example producing software and
so on. More to do with technology
Service Industries -: Are those companies that focus on
providing services for example the hotel and tourism industry is
a brilliant example of a sector that provides services.
TYPES OF BUSINESS ORGANISATIONS
ACCOUNTANT IN
BUSINESS
, chapter 1: BUSINESS ORGANISATIONS AND THEIR
STAKEHOLDERS
chapter 2: THE BUSINESS ENVIRONMENT
chapter 3: THE MACRO-ECONOMIC ENVIRONMENT
chapter 4: MICRO ECONOMIC FACTORS
chapter 5: BUSINESS ORGANISATION, STRUCTURE
AND STRATEGY
chapter 6: ORGANISATIONAL CULTURE AND
COMMITEES
chapter 7: CORPORATE GOVERNANCE AND SOCIAL
RESPONSIBILITY
chapter 8: THE ROLE OF ACCOUNTING
chapter 9: CONTROL, SECURITY AND AUDIT
chapter 10: IDENTIFYING AND PREVENTING FRAUD
chapter 11: LEADING AND MANAGING PEOPLE
chapter 12: RECRUITMENT AND SELECTION
chapter 13: DIVERSITY AND EQUAL OPPORTUNITIES
chapter 14: INDIVIDUALS, GROUPS AND TEAMS
chapter 15: MOTIVATING INDIVIDUALS AND GROUPS
chapter 16: TRAINING AND DEVELOPMENT
chapter 17: PERFOMANCE APPRAISAL
chapter 18: PERSONAL EFFECTIVENESS AND
COMMUNICATION IN BUSINESS
chapter 19: PROFESSIONAL ETHICS IN ACCOUNTING
AND BUSINESS (ETHICAL CONSIDERATIONS)
, CHAPTER 1: BUSINESS ORGANISATIONS AND THEIR
STAKEHOLDERS
PURPOSE OF BUSINESS ORGANISATIONS
An organization is ‘a social arrangement which pursues collective
goals, which controls its own performance and which has a boundary
separating it from its environment.
Examples of organizations include-:
Army
Trade union
Local Authority
Charity
Accountancy firm and so on (etc)
Why do organizations exist?
Organizations can achieve results which individuals
cannot achieve by themselves.
Organizations enable people to specialize in what they do
best.
Organizations save time because people can work together
or do two aspects of a different task at the same time.
Organizations accumulate and share knowledge.
Organizations enable people to be more productive.
HOW DO ORGANIZATIONS DIFFER?
Ownership -: either the organization is a private or
government owned.
Control-: whether the organization is controlled by the
owners themselves or government-sponsored regulators.
, Activity-: this looks at the sector in which the organization
operates whether it’s in manufacturing, health-care,
finance and so on.
Whether it’s a profit or non-profit organization
Legal status-: whether it’s under limited companies or
partnerships
Size -: whether it’s a small or multinational corporation
Sources of finance-: whether it borrows from banks or it
raises its funds by issuing of shares.
Technology-: whether it’s a computer firm or just a
regular shop
WHAT ORGANISATIONS DOES
Agriculture -: this comes in many forms either focusing in
crops like wheat and tobacco or agriculture/farming focused in
livestock
Manufacturing-: converting raw materials into a product for
example, a car
Extractive/ raw materials –: here this sector focuses in mining
generally for example mining gold or coal and so on
Energy -: this sector focuses on converting resources into power
like coal into electricity
Retailing and distribution -: this sector focuses on delivering
goods to the end consumer
Intellectual production -: for example producing software and
so on. More to do with technology
Service Industries -: Are those companies that focus on
providing services for example the hotel and tourism industry is
a brilliant example of a sector that provides services.
TYPES OF BUSINESS ORGANISATIONS
