Accountant in Business

The business organisation, its stakeholders and the external environment: Business organization: Meaning, Features, Types; Stakeholders in  business  organisations:  Types  of  Stakeholders,  Agency Relationship, Power & Influence of various stakeholder groups ; Political and legal factors affecting business: Effect of political system & Government Policy on Organizations, Legal Provisions for protection of employees, Principles of consumer protection; Macroeconomic factors: Objectives of macroeconomic policy, impact of economic issues on the individual, the household and the business; impact of fiscal and monetary policy measures on the individual, the household and businesses; Micro  economic  factors:  Concept  of  Demand  and  Supply, Elasticity of Demand, Types of Markets; Social and demographic factors: Medium & Long Term effects on the business & economy; Technological factors: Downsizing,  Delayering and Outsourcing;  Environmental  factors:  Types  &  impact  on business, benefits to stakeholders; Competitive factors: SWOT analysis, Porter’s Value Chain Model, Porter’s five forces model

Business organizational structure, functions and governance:The formal and informal business organization: Meaning and interrelationship. Business organizational structure and design: Concept and types. Advantages   and   disadvantages   of   Centralization   and Decentralization Organisational culture in business: Meaning and factors affecting organization culture. Committees in business organisations:  Purpose, types and advantages & Disadvantages. Governance  and  social  responsibility  in  business:  agency concept, corporate governance and social responsibility

Accounting and reporting systems, controls and compliance, technology and security:The  relationship  between  accounting  and  other  business functions, Accounting and finance functions within business organisations,  Principles  of  law  and  regulation  governing accounting and auditing,The sources and purpose of internal and external financial information, provided by business, Financial systems, procedures and related IT applications, Internal controls, authorisation, security of data and compliance within business, Fraud and fraudulent behaviour and their prevention in business, including money laundering

Leading and managing individuals and teams: Leadership, management and supervision: meaning  and distinction,  schools of management thought, authority & responsibility. Recruitment  and  selection  of employees,Individual and group behavior in business organisations, Team formation, development and management, Motivating individuals and groups, Learning and training at work, Review and appraisal of individual performance, The application and impact of Financial Technology (FinTech) in accountancy and audit.

Personal effectiveness and communication: Personal effectiveness   techniques;  Consequences of ineffectiveness at work; Competence frameworks and personal development; Sources of conflicts and techniques for conflict resolution and referral; Communicating in business.

Professional ethics in accounting and business: Fundamental  principles  of  ethical  behavior; The  role of regulatory and  professional bodies in promoting ethical and professional standards in the accountancy profession; Corporate codes of ethics; Ethical conflicts and dilemmas