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.
On successful completion of this paper, candidates should be able to:
A Understand the purpose and types of businesses and how they interact with key stakeholders and the external environment.
B Understand business organisation structure, functions and the role of corporate governance
C Recognise the function of accountancy and audit in communicating, reporting and assuring financial information and in effective financial control and compliance
D Recognise the principles of authority and leadership and how teams and individuals are recruited, managed, motivated and developed.
E Understand the importance of personal effectiveness as the basis for effective team and organisational behaviour.
F Recognise that all aspects of business and finance should be conducted in a manner which complies with and is in the spirit of accepted professional ethics and professional values
Stakeholders in business organisations
The purpose and types of business organisation
Political and legal factors affecting business
Micro economic factors
Social and demographic factors
The formal and informal business organisation
Business organisation structure and design
Organisational culture in business
Committees in business organisations
Governance and social responsibility in business
The relationship between accounting and other business functions
Accounting and finance functions within business
Principles of law and regulation governing accounting and audit
The sources and purpose of internal and external financial information, provided by business
Internal controls, authorisation, security and compliance within business
Financial systems, procedures and related IT applications
Fraud and fraudulent behaviour and their prevention in business.
Leadership, management and supervision
Recruitment and selection of employees
Individual and group behaviour 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
Sources of conflict and techniques for conflict resolution and referral
Communicating in business
Fundamental principles of ethical behaviour
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
Dr Glen Brown is the President & CEO of Global Financial Engineering and Global Accountancy Institute,Inc.
He is also a Senior Lecturer in all our Professional Accountancy Qualifications.
ABFABAccountant in Businessaccafia
This course is provided by Global Accountancy Institute Inc..