1. COURSE DESCRIPTION
Principles of Business Management (FAB/F1) introduces students who may not have a business background, to the business, which as an entity is made up of people and systems which interact with the environment and with each other. The syllabus begins with examining the purpose and types of business which exist, the key stakeholders and the rights and responsibilities that businesses have in connection with them, exploring the external influences that affect the business in its environment, including economic, legal, social and technological factors. The syllabus then examines the structure and functions of business, focusing on corporate governance and the specific accounting related roles in this process, particularly in financial reporting, assurance, control and compliance. The syllabus then introduces key leadership, management and people issues such as effective individual and team behaviour, motivation and personal effectiveness (ACCA 2019-2020).
The broad topic areas to be covered are divided into six sections as follows:
PART A The business organization, its stakeholders and the external environment
PART B Business organization structure, functions and governance
PART C Accounting and reporting systems, controls and compliance
PART D Leading and managing individuals and teams
PART E Personal effectiveness and communication in business
PART F Professional ethics in accounting and business
2. REASON FOR THE COURSE
This paper aims 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 their interaction with technology, data and information systems (ACCA 2021).
3. STUDY HOURS
4. ROLE IN CURRICULUM
Prerequisites:
Students must have successfully completed at least one of the following three courses: Leadership Philosophy (PHIL 101), Marketing and Behavioral Economics (MKTG 101), and Psychology (PSYC 101).
On successful completion of this course, students will be able to acquire the following knowledge and skills:
| Knowledge | Level of Learning |
Related PLO |
|---|---|---|
| Explain the types of businesses (CK1) Explain the types of businesses organization structure and how they interact with key stakeholders and the external environment | Understand | PK1 |
| Analyze the functions, systems and technologies (CK2) Analyze the functions, systems and new technologies in accountancy and audit in communicating, reporting and assuring financial information, including the effective compliance, internal control and security of financial and other data. | Analyze | PK1 |
| Explain the principles of authority (CK3) Explain the principles of authority and leadership is personal effectiveness and how teams and individuals are managed, motivated and developed. | Understand | PK2 |
| Cognitive Skills | Level of Learning |
Related PLO |
| Analyze the three common elasticities (CC1) Analyze the three common elasticities and the impact of substitute and complementary goods. | Analyze | PC2 |
| Communication, Information Technology, and Numerical Skills | Level of Learning | Related PLO |
| Interpret values (CCIT1) Interpret values of price elasticity of demand (PED), income elasticity of demand and cross elasticity of demand (CPEoD). | Apply | PCIT3 |
| Interpersonal Skills and Responsibilities | Level of Learning |
Related PLO |
| Organize team activity (CIP1) Organize team activity to solve business management problems. | Respond | PIP1 |
| Evaluate the importance of personal effectiveness (CIP2) Evaluate the importance of personal effectiveness as the basis for effective team and organizational behavior | Characterize | PIP2 |
Grades will be determined based on a grading score, calculated using the following assessments and score allocations:
The topic in the second column of the following table should be the CLOs. The attendance and participation can be combined.
| SKILL | CLO Assessment and Scoring | Skill Weighting for Grade | |||||
|---|---|---|---|---|---|---|---|
| Participation | In-class test | Assign-ments | Midterm Exam | Final Exam | |||
| Explain the types of businesses (CK1) | 25% | 25% | 25% | 25% | 15% | ||
| Analyze the functions, systems and technologies (CK2) | 25% | 25% | 25% | 25% | 15% | ||
| Explain the principles of authority (CK3) | 25% | 25% | 25% | 25% | 15% | ||
| Analyze the three common elasticities (CC1) | 25% | 25% | 25% | 25% | 5% | ||
| Interpret values (CCIT1) | 25% | 25% | 25% | 25% | 5% | ||
| Organize team activity (CIP1) | 100% | 30% | |||||
| Evaluate the importance of personal effectiveness (CIP2) | 25% | 25% | 25% | 25% | 15% | ||
Teaching methods may include:
| Assignment: | During the course there is one assignment |
| Work Group: | Group research/Term paper |
| Output format: | APA Format Report, Presentation |
| Language: | English |
| Description: | There is a group term paper writing which is a terminal requirement of the course. The lecturer prepares the list of topics taken from the BT syllabus (marked as Exam Focus Point). The class is divided into four groups and each group is given a different topic. The research makes use of literature review and other secondary data sources. Each group will present online their final term paper to share the information to the other groups. Question and answer session follows the presentation. |
The course targets the study plan below. Implementation may vary somewhat depending on the progress and needs of students. For example, some topics may be allocated more or less than 1.5 hours.
| Lesson Learning Outcomes | Teaching and Learning Activities, Assessment | |||
|---|---|---|---|---|
| 1 |
The purpose and types of business organization; Stakeholders in business organizations Describe common features of business organizations (CK1) |
Introduction: Reading of CamEd student code of ethics; clarify house rules; present chapter objectives Lecture Interactive Q and A (Kahoot)Group work on Mendelow mapping of stakeholders (analysis of 2 scenarios)Homework- reading of technical articles written by F1/BT examiner: Not-for-profit organizations and stakeholdersReading: Chapter 1 and additional handouts |
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| 2 |
The purpose and types of business organization; Stakeholders in business organizations Explain the purpose and differentiate the types of businesses and how they interact with key stakeholders (CK1). |
Introduction: Reading of CamEd student code of ethics; clarify house rules; present chapter objectives Lecture Interactive Q and A (Kahoot)Group work on Mendelow mapping of stakeholders (analysis of 2 scenarios)Homework- reading of technical articles written by F1/BT examiner: Not-for-profit organizations and stakeholdersReading: Chapter 1 and additional handouts |
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| 3 |
The purpose and types of business organization; Stakeholders in business organizations Compare the power and influence of various stakeholder groups and how their needs should be accounted for, such as under the Mendelow framework. (CK1); give students group work (CIP1). |
Introduction: Reading of CamEd student code of ethics; clarify house rules; present chapter objectives Lecture Interactive Q and A (Kahoot)Group work on Mendelow mapping of stakeholders (analysis of 2 scenarios)Homework- reading of technical articles written by F1/BT examiner: Not-for-profit organizations and stakeholdersReading: Chapter 1 and additional handouts |
||
| 4 |
Analyzing business environment Explain how political and legal, social and demographics and technological factors affect the organization (CK1) |
Review questions- chapter 1. Present chapter objectives Lecture Interactive Q and A (Kahoot) Article reading and discussion of PESTEL and how it affects the businessReading: Chapter 2 and additional handouts |
||
| 5 |
Analyzing business environment Explain how political and legal, social and demographics and technological factors affect the organization (CK1) |
Review questions- chapter 1. Present chapter objectives Lecture Interactive Q and A (Kahoot) Article reading and discussion of PESTEL and how it affects the businessReading: Chapter 2 and additional handouts |
||
| 6 |
Analyzing business environment Explain how political and legal, social and demographics and technological factors affect the organization (CK1) |
Review questions- chapter 1. Present chapter objectives Lecture Interactive Q and A (Kahoot) Article reading and discussion of PESTEL and how it affects the businessReading: Chapter 2 and additional handouts |
||
| 7 |
The legal framework (Chapter 3 -new) Identify the principles of data protection and security (CK1) |
Review questions- chapter 2. Present chapter objectives Lecture Pop QuizReading: Chapter 3 and additional handouts |
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| 8 |
The legal framework (Chapter 3 -new) Identify the principles of data protection and security (CK1) |
Review questions- chapter 2. Present chapter objectives Lecture Pop QuizReading: Chapter 3 and additional handouts |
||
| 9 |
The macro-economic environment Explain the impact of economic issues on the individual, the household and the business (CK1) |
Present chapter objectives Lecture Interactive Q and A (Kahoot) Reading an article on PESTELReading: Chapter 4 and additional handouts |
||
| 10 |
The macro-economic environment Explain the impact of economic issues on the individual, the household and the business (CK1) |
Give review questions – chapter 3. Present chapter objectives Lecture Interactive Q and A (Kahoot) Reading an article on PESTELReading: Chapter 4 and additional handouts |
||
| 11 |
The micro-economic environment Explain the micro environment of the firm (CK1) |
Review questions – chapter 4. Present chapter objectives Lecture Interactive Q and A (Kahoot) Pop Quiz Problem-solving and analysis/interpretation of product elasticityHomework- reading of technical articles written by F1/BT examiner: Introduction to microeconomicsReading: Chapter 5 and additional handouts |
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| 12 |
The micro-economic environment Analyze the elasticity of demand and the impact of substitute and complementary goods. (CIT1) |
Review questions – chapter 4. Present chapter objectives Lecture Interactive Q and A (Kahoot) Pop Quiz Problem-solving and analysis/interpretation of product elasticityHomework- reading of technical articles written by F1/BT examiner: Introduction to microeconomicsReading: Chapter 5 and additional handouts |
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| 13 |
Business organization, structure and strategy Direntiate business organization structure, functions and the role of corporate governance (CK2) |
Give review questions – chapter 5. Present chapter objectives Lecture Interactive Q and A (Kahoot)Homework- reading of technical articles written by F1 examiner: Organizations Mintzberg’s theory on organizationsReading: Chapter 6 and additional handouts |
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| 14 |
Business organization, structure and strategy Explain the informal organization and its relationship with the formal organization (CK2) |
Give review questions – chapter 5. Present chapter objectives Lecture Interactive Q and A (Kahoot)Homework- reading of technical articles written by F1 examiner: Organizations Mintzberg’s theory on organizationsReading: Chapter 6 and additional handouts |
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| 15 |
Business organization, structure and strategy Describe Mintzberg’s components of organization and explain the different ways in which formal organizations may be structured (CK2) |
Give review questions – chapter 5. Present chapter objectives Lecture Interactive Q and A (Kahoot)Homework- reading of technical articles written by F1 examiner: Organizations Mintzberg’s theory on organizationsReading: Chapter 6 and additional handouts |
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| 16 |
Organizational culture in business Describe the factors that shape the culture of the organization (CK2) |
Give review questions – chapter 6. Present chapter objectives Lecture Interactive Q and A (Kahoot) Group work on Hofstede – international perspectives on cultureHomework- reading of technical articles written by F1 examiner: The role of marketingReading: Chapter 7 and additional handouts |
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| 17 |
Organizational culture in business Describe the factors that shape the culture of the organization (CK2) |
Give review questions – chapter 6. Present chapter objectives Lecture Interactive Q and A (Kahoot) Group work on Hofstede – international perspectives on cultureHomework- reading of technical articles written by F1 examiner: The role of marketingReading: Chapter 7 and additional handouts |
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| 18 |
Committees in Business Organizations
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Present chapter objectives Lecture Pop QuizReading: Chapter 7 and additional handouts |
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| 19 |
Corporate governance and social responsibility in business Explain the responsibility of organizations to maintain appropriate standards of corporate governance and corporate social responsibility (CK2) |
Give review questions – chapter 7. Present chapter objectives Lecture Interactive Q and A (Kahoot)Homework- reading of technical articles written by F1/BT examiner: Corporate governance: the board of directors and standing committeesReading: Chapter 8 and additional handouts |
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| 20 |
Corporate governance and social responsibility in business Explain the responsibility of organizations to maintain appropriate standards of corporate governance and corporate social responsibility (CK2) |
Give review questions – chapter 7. Present chapter objectives Lecture Interactive Q and A (Kahoot)Homework- reading of technical articles written by F1/BT examiner: Corporate governance: the board of directors and standing committeesReading: Chapter 8 and additional handouts |
||
| 21 | Accounting and finance functions within the business Analyze the function of accountancy and audit in communicating, reporting and assuring financial information and in effective financial control and compliance (CK3) |
Give review questions – chapter 8. Present chapter objectives Lecture Interactive Q and A (Kahoot) Pop QuizReading: Chapter 9 |
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| 22 |
Accounting and finance functions within the business Explain the contribution of the accounting function to the formulation, implementation, and control of the organization’s policies, procedures, and performance. (CC1) |
Give review questions – chapter 8. Present chapter objectives Lecture Interactive Q and A (Kahoot) Pop QuizReading: Chapter 9 |
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| 23 |
Control, security and audit Explain the main functions of the internal auditor and the external auditor and how they differ (CK3) |
Give review questions – chapter 9. Present chapter objectives Lecture Interactive Q and A (Kahoot)Homework- reading of technical articles written by F1/BT examiner: Internal controlReading: Chapter 10A and additional handouts |
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| 24 | Control, security and audit Explain the Importance of internal financial controls in an organization (CK3) |
Give review questions – chapter 9. Present chapter objectives Lecture Interactive Q and A (Kahoot)Homework- reading of technical articles written by F1/BT examiner: Internal controlReading: Chapter 10A and additional handouts |
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| 25 |
Financial systems, procedures and related IT applications
|
Present chapter objectives Lecture Pop QuizHomework- reading of technical articles written by F1/BT examiner: Internal controlReading: Chapter 10B and additional handouts |
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| 26 |
Financial systems, procedures and related IT applications
|
Lecture Video clips on Big Data and AI Interactive Q and A (Kahoot) HomeworkReading: Chapter 10B and additional handouts on Big data analytics and complexity; The roles/uses of blockchain; Robotics and Robotic process automation; Data security and risk management |
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| 27 |
Financial systems, procedures and related IT applications
|
Lecture Video clips on Big Data and AI Interactive Q and A (Kahoot) HomeworkReading: Chapter 10B and additional handouts on Big data analytics and complexity; The roles/uses of blockchain; Robotics and Robotic process automation; Data security and risk management |
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| 28 |
Identifying and preventing fraud Identify different types of fraud in the organization. (CK3) |
Present chapter objectives Lecture Pop QuizReading: Chapter 11 and additional handouts |
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| 29 |
Identifying and preventing fraud Explain the implications of fraud for the organization (CC1) |
Present chapter objectives Lecture Pop QuizReading: Chapter 11 and additional handouts |
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| 30 | Leading and managing people Explain the principles of authority and leadership (CK4) |
Review questions – chapter 11. Present chapter objectives Lecture Interactive Q and A (Kahoot)Homework- reading of technical articles written by F1/BT examiner: Theories of leadership styleReading: Chapter 12 and additional handouts |
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| 31 |
Leading and managing people Explain the situational, functional and contingency approaches to leadership about the theories of Adair, Fiedler, and Bennis (CK4) |
Review questions – chapter 11. Present chapter objectives Lecture Interactive Q and A (Kahoot)Homework- reading of technical articles written by F1/BT examiner: Theories of leadership styleReading: Chapter 12 and additional handouts |
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| 32 |
Leading and managing people Explain the situational, functional and contingency approaches to leadership about the theories of Adair, Fiedler, and Bennis (CK4) |
Review questions – chapter 11. Present chapter objectives Lecture Interactive Q and A (Kahoot)Homework- reading of technical articles written by F1/BT examiner: Theories of leadership styleReading: Chapter 12 and additional handouts |
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| 33 | Individuals, groups and teamsExplain the role of the manager in building the team and development of individuals within the team (CK4) |
Review questions – chapter 12. Present chapter objectives LectureInteractive Q and A (Kahoot) Group work on team roles of Belbin Pop QuizHomework- reading of technical articles written by F1 examiner: The Importance of teamsReading: Chapter 13 |
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| 34 | Individuals, groups and teams Explain the role of the manager in building the team and development of individuals within the team (CK4) |
Review questions – chapter 12. Present chapter objectives Lecture Interactive Q and A (Kahoot) Group work on team roles of Belbin Pop QuizHomework- reading of technical articles written by F1 examiner: The Importance of teamsReading: Chapter 13 |
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| 35 |
Individuals, groups and teams Explain the role of the manager in building the team and development of individuals within the team (CK4) |
Review questions – chapter 12. Present chapter objectives Lecture Interactive Q and A (Kahoot) Group work on team roles of Belbin Pop QuizHomework- reading of technical articles written by F1 examiner: The Importance of teamsReading: Chapter 13 |
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| 36 |
Motivating individuals and groups Define motivation and explain its Importance to the organization, teams and individuals (CK4) |
Review questions – chapter 13 Present chapter objectives Lecture Interactive Q and A (Kahoot) Video clip on motivation Group work on Maslow and Herzberg’s motivational theoriesHomework- reading of technical articles written by F1/BT examiner: Understanding Herzberg’s motivation theory and Let’s Get MotivatedReading: Chapter 14 and additional handouts |
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| 37 |
Motivating individuals and groups Explain content and process theories of motivation: Maslow, Herzberg, McGregor and Vroom (CIP1) |
Review questions – chapter 13 Present chapter objectives Lecture Interactive Q and A (Kahoot) Video clip on motivation Group work on Maslow and Herzberg’s motivational theoriesHomework- reading of technical articles written by F1/BT examiner: Understanding Herzberg’s motivation theory and Let’s Get MotivatedReading: Chapter 14 and additional handouts |
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| 38 |
Motivating individuals and groups Explain and identify types of intrinsic and extrinsic reward (CIP4) |
Review questions – chapter 13 Present chapter objectives Lecture Interactive Q and A (Kahoot) Video clip on motivation Group work on Maslow and Herzberg’s motivational theoriesHomework- reading of technical articles written by F1/BT examiner: Understanding Herzberg’s motivation theory and Let’s Get MotivatedReading: Chapter 14 and additional handouts |
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| 39 |
Training and development
|
Review questions – chapter 14. Present chapter objectives Lecture Interactive Q and A (Kahoot) Pop QuizReading: Chapter 15 and additional handouts |
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| 40 |
Training and development Describe the learning process: Honey and Mumford, Kolb (CIP4) |
Review questions – chapter 14. Present chapter objectives Lecture Interactive Q and A (Kahoot) Pop QuizReading: Chapter 15 and additional handouts |
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| 41 |
Performance appraisal Explain the Importance of performance assessment (CK4) |
Review questions – chapter 15. Present chapter objectives Lecture Interactive Q and A (Kahoot)Video clip on appraisal interview Pop QuizHomework- reading of technical articles written by F1 examiner: Human resource management Understanding the Importance of AppraisalsReading: Chapter 16 and additional handouts |
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| 42 |
Performance appraisal Explain how organizations assess the performance of human resources (CIP4) |
Review questions – chapter 15. Present chapter objectives Lecture Interactive Q and A (Kahoot)Video clip on appraisal interview Pop QuizHomework- reading of technical articles written by F1 examiner: Human resource management Understanding the Importance of AppraisalsReading: Chapter 16 and additional handouts |
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| 43 |
Communication in Business Evaluate the Importance of personal effectiveness as the basis for effective team and organizational behaviour. (CK5) |
Give review questions – chapter 16. Present chapter objectives Lecture Interactive Q and A (Kahoot) Video clip on conflict in the workplace Pop QuizHomework- reading of technical articles written by F1 examiner: Communicating core values and missionReading: Chapter 17 and additional handouts |
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| 44 |
Communication in Business Identify situations where conflict at work can arise. (CIP2) |
Give review questions – chapter 16. Present chapter objectives Lecture Interactive Q and A (Kahoot) Video clip on conflict in the workplace Pop QuizHomework- reading of technical articles written by F1 examiner: Communicating core values and missionReading: Chapter 17 and additional handouts |
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| 45 |
Communication in Business Describe how conflict can affect personal and organizational performance. (CIP2) |
Give review questions – chapter 16. Present chapter objectives Lecture Interactive Q and A (Kahoot) Video clip on conflict in the workplace Pop QuizHomework- reading of technical articles written by F1 examiner: Communicating core values and missionReading: Chapter 17 and additional handouts |
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| 46 |
Fundamental principles of ethical behavior Recognize 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 (CK6) |
Give review questions – chapter 17. Present chapter objectives Lecture Interactive Q and A (Kahoot) Pop QuizHomework- reading of technical articles written by F1/BT examiner: A question of ethicsReading: Chapter 18 and additional handouts |
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| 47 |
Fundamental principles of ethical behavior
|
Give review questions – chapter 17. Present chapter objectives Lecture Interactive Q and A (Kahoot) Pop QuizHomework- reading of technical articles written by F1/BT examiner: A question of ethicsReading: Chapter 18 and additional handouts |
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| 48 |
Fundamental principles of ethical behavior Explain the benefits of a corporate code of ethics to the organization and its employees (CIP3) |
Give review questions – chapter 17. Present chapter objectives Lecture Interactive Q and A (Kahoot) Pop QuizHomework- reading of technical articles written by F1/BT examiner: A question of ethicsReading: Chapter 18 and additional handouts |
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| 49 | Students’ Presentation | Presentations | ||
| 50 | Students’ Presentation | Presentations | ||
| Total = 75 hours | ||||
Textbooks
References