Coming soon
Accountant in Business
To introduce knowledge and understanding of the business and its environment and the influence this has on how organisations are structured and on the role of the accounting and other key business functions in contributing to the efficient, effective and ethical management and development of an organisation and its people and systems.
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
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
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
Leadership, management and supervision: distinction, schools of management thought, authority & responsibility. Recruitment and selection of 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.
Personal effectiveness techniques; Consequences 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 regulatory and professional bodies in promoting professional standards in the accountancy profession; codes of ethics; Ethical conflicts and dilemmas
- Study material of ACCA • Gupta, C. B., Business Organization, S.Chand, NewDelhi
- Weihrich, Heinz and Koontz, Harold, Essentials of Management, McGraw Hill, New York
- Mathew, M.J., Business Organization, RBSA Publishers, Jaipur
• Drucker, Peter Ferdinand, Management Challenges for 21st Century, Harper Collins, USA. Luthans, Fred, Organization Behaviour, McGraw Hill, New York
• Allen, Louis A., Management and Organization, McGraw Hill, New York Ansoff, H., The New Corporate Strategy, Wiley.
• Hampton, David R., Modern Management, McGraw-Hill
