F1 Accountant in Business

Only available on StudyMode
  • Download(s) : 107
  • Published : July 5, 2012
Open Document
Text Preview
ACCA QUALIFICATION
COURSE NOTES

ACCA

F1 FAB

FIA

ACCOUNTANT IN BUSINESS

JUNE 2012 EXAMINATIONS

OpenTuition Course Notes can be downloaded FREE from www.OpenTuition.com Copyright belongs to OpenTuition.com - please do not support piracy by downloading from other websites. Visit opentuition.com for the latest updates, watch free video lectures and get free tutors’ support on the forums

Free ACCA Notes & Lectures by Paper (on line on http://opentuition.com/acca/) F1 Accountant in Business / FAB Foundations in Accountancy F2 Management Accounting / FMA Foundations in Accountancy F3 Financial Accounting / FFA Foundations in Accountancy F4 Corporate & Business Law (English & Global) F5 Performance Management F6 Taxation (UK) F7 Financial Reporting F8 Audit and Assurance F9 Financial Management P1 Governance, Risk & Ethics P2 Corporate Reporting P3 Business Analysis P4 Advanced Financial Management P5 Advanced Performance Management P6 Advanced Taxation (UK) P7 Advanced Audit & Assurance

THE BEST THINGS IN LIFE ARE FREE

For the latest free course notes, free lectures and forum support please visit opentuition.com/acca

June 2012 Examinations

ACCA F1 / FAB

1

ACCA Paper F1 Accountant in Business / (FAB) Foundations of Accounting in Business

Contents
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. The nature and structure of organisations Information and information technology An organisation’s environment Organisational culture An organisation’s stakeholders Corporate governance and ethical considerations Accountancy and the accountancy profession Internal control and the implications of fraud Management Leadership The nature of groups Theories of motivation How an individual can develop The nature of communication The recruitment and selection process How people learn Performance and appraisal interviews Some legal obligations Economics 3 15 23 27 31 33 43 49 53 61 69 73 81 83 87 93 95 97 107

20. Paper F1 Test Centre (online) 21. Paper F1 Mock Exam (online)

For latest course notes, free audio & video lectures, support and forums please visit

June 2012 Examinations

ACCA F1 / FAB

2

Paper F1 Forums on OpenTuition.com
F1 Forum Support
- post your questions to get help from other members and tutors - download or share your own notes - join study group, check the calendar for group events

For latest course notes, free audio & video lectures, support and forums please visit

June 2012 Examinations

ACCA F1 / FAB

3

Chapter 1 The nature and structure of organisations

1. Organisations
An organisation can be defined as: “A social arrangement which pursues collective goals, which controls its own performance, and which is a boundary separating it from its environment.”

This is, perhaps, a deceptively simple definition. Probably the most important word is ‘social’. Organisations consist of people and we are all social animals. We have to get on with our colleagues; ideally we would like our boss, or at least respect our boss. We have to get on with customers; we have our own ambitions; we have our own motivations. Early management theory tended to neglect the social side of organisations and management and had a rather cold, militaristic approach. Modern theories have changed this considerably. Another important aspect of the definition is that of ‘collective goal’s. There has to be an assumption that people within an organisation are ultimately aiming at the same end results, if they are not, then chaos is likely to rule. One of the functions of management is to arrange the business and the people in it so that everyone is pulling in the same direction, and the collective goals are ultimately established.

For latest course notes, free audio & video lectures, support and forums please visit

June 2012 Examinations

ACCA F1 / FAB

4

2. System
The definition of an organisation included the terms ‘boundary’ and ‘environment’....
tracking img