Course Outcomes (COs):
Course Outcomes |
Learning and teaching strategies |
Assessment Strategies |
---|---|---|
On completion of this course, the students will be able to: CO1: Formulate knowledge about the purpose and types of business, and their interactions with stakeholders and the external environment. CO2: Develop a basic understanding of the types of business organization structure, functions, and the role of corporate governance. CO3: Invent about the relation of the function of accountancy and audit. CO4: Analyze the impact of leadership, motivation, and team management to attain organizational efficiency. CO5: Explain the integration of technology in the various business functions. CO6: Understand the significance of effective business communication and competency building to improve personal efficiency. |
Interactive Lectures, Discussion, PPT, Sharing web links, Self-learning assignments, Role plays, presentation, case study discussions, Group Discussions.
|
Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Individual and group projects |
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 mode
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.
• The application and impact of Financial Technology (FinTech) in accountancy and audit.
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
Personal effectiveness and communication and Professional ethics in accounting and business
• 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.
• Fundamental principles of ethical behavior, 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 Text of ACCA –BT, Kaplan Publishing
• Exam Kit
• Study material of ACCA – F1
• Gupta, C. B., Business Organization, S.Chand, New Delhi
• Weihrich, Heinz and Koontz, Harold, Essentials of Management, McGraw Hill, New York
• 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.
e- RESOURCES:
• Technical articles and past papers
https://www.accaglobal.com/gb/en/student/exam-support-resources
• Strategic Management - https://www.expresslibrary.mheducation.com/bookshelf
• Essentials of Organisational Theory - Elibrary.in.pearson.com
REFERENCE JOURNALS:
• Indian Journal of Corporate Governance
• Journal of Strategic Human Resource Management
• Journal of Organizational and Human Behaviour