Accountant in Business

Paper Code: 
AAF 111
Credits: 
6
Contact Hours: 
90.00
Max. Marks: 
100.00
Objective: 

Objective- 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.

Course

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

AAF 111

Accountant in Business

CO 1: Understand the purpose and types of businesses, and their interactions with stakeholders and the external environment.

CO 2: Understand the types of business organization structure, functions and the role of corporate governance.

CO 3: Learn about relation of the function accountancy and audit.

CO 4: Learn about the impact of leadership, motivation and team management to attain organizational efficiency

CO 5: Learn about the integration of technology in the various business functions.

Approach in teaching:

Interactive Lectures, Discussion, PPT, Sharing web links

 

Learning activities for the students:

Self-learning assignments, Role plays, presentation, case study discussions.

Class test, Semester end examinations, Quiz, Assignments, Presentation, Individual and group projects

 

18.00
Unit I: 
The business organisation, its stakeholders and the external environment:
  • Business organization: Meaning, Features, Types; Stakeholders in  business  organizations.
  • 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

 

18.00
Unit II: 
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

 

18.00
Unit III: 
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.

 

18.00
Unit IV: 
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.
18.00
Unit V: 
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
References: 
BOOKS RECOMMENDED
 
  • Study material of ACCA – F1
  • 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
  • Mc night Publishing Co. Peoria Illinois, 1983.
Academic Year: 
2020-2021
  • Printer-friendly version
  • PDF version