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: 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.
Personal effectiveness techniques; Consequences of
ineffectiveness at work; Competence frameworks and personal
development; 4. 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
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