[...]... employees 1 2 3 4 x Accounting and finance functions within business Internal and external auditing and their functions Internal financial control and security within business organisations Fraud and fraudulent behaviour and their prevention in business Leading and managing individuals and teams 1 2 3 4 F The history and function of accounting in business Law and regulation governing accounting Financial... relationship between accounting and other business functions Specific functions of accounting and internal financial control 1 2 3 4 E Political and legal factors Macro-economic factors Social and demographic factors Technological factors Competitive factors History and role of accounting in business 1 2 3 4 D The business organisation and its structure The formal and informal business organisation... of business the organisation is in It 'denotes the most general level of strategy in an organisation' (Johnson and Scholes) Part A Business organisational structure, governance and management 1a: Business organisation and structure – structure and strategy 21 Levels of strategy CORPORATE STRATEGY What businesses are we (or want to be) in? How do we enter or exit? BUSINESS STRATEGY BUSINESS STRATEGY BUSINESS. .. and its structure The formal and informal business organisation Organisational culture in business Stakeholders of business organisations Information technology and information systems in business Committees in the business organisation Business ethics and ethical behaviour Governance and social responsibility in business Recruitment and selection, managing diversity, and equal opportunity Techniques... 1a: Business organisation and structure 6 – structure and strategy Part A Business organisational structure, governance and management 1.7 Private sector businesses A business organisation exists to make a profit In other words, the costs of its activities should be less than the revenues it earns from providing goods or services Profits are not incidental to its activities but the driving factor Business. .. members 1a: Business organisation and structure 8 – structure and strategy Part A Business organisational structure, governance and management Question Legal form Florence Nightingale runs a successful and growing small business as a sole trader She wishes to expand the business and has her eyes on Scutari Ltd, a small private limited company in the same line After the acquisition, she runs the two businesses... specifically into account 1a: Business organisation and structure 14 – structure and strategy Part A Business organisational structure, governance and management 2.6 Divisionalisation FAST FORWARD Key term In a divisional structure some activities are decentralised to business units or regions Divisionalisation is the division of a business into autonomous regions or product businesses, each with its own... non-profit orientation Some businesses exist to make a profit Others, for example the army, are not profit orientated Legal status Organisations may be limited companies or partnerships Part A Business organisational structure, governance and management 1a: Business organisation and structure – structure and strategy 5 (f) (g) (h) Size The business may be a small family business or a multinational... organisation and change 3.2 Business strategy Key term Business strategy: how an organisation approaches a particular product market area Business strategy can involve decisions such as whether to segment the market and specialise in particularly profitable areas, or to compete by offering a wider range of products 1a: Business organisation and structure 22 – structure and strategy Part A Business organisational...Detailed syllabus A Business organisation structure, governance and management 1 2 3 4 5 6 7 8 B Key environmental influences and constraints on business and accounting 1 2 3 4 5 C 5 Introduction Leadership, management and supervision Individual and group behaviour in business organisations Team formation, development and management Motivating . C History and role of accounting in business 1 The history and function of accounting in business 2 Law and regulation governing accounting 3 Financial. between accounting and other business functions D Specific functions of accounting and internal financial control 1 Accounting and finance functions within business