1.
I
N
T
E
R
A
C
T
I
V
E
T
E
X
T
Foundations in
Accountancy/
ACCA
BPP Learning Media is an ACCA Approved Content Provider for the Foundations in
Accountancy qualification. This means we work closely with ACCA to ensure this
Interactive Text contains the information you need to pass your exam.
In this Interactive Text, which has been reviewed by the ACCA examining team, we:
 Highlight the most important elements in the syllabus and the key skills you need
 Signpost how each chapter links to the syllabus and the study guide
 Provide lots of exam focus points demonstrating what the examining team will
want you to do
 Emphasise key points in regular fast forward summaries
 Test your knowledge in quick quizzes
 Examine your understanding in our practice question bank
 Reference all the important topics in our full index
BPP's Practice & Revision Kit also supports Accountant in Business syllabus.
FOR EXAMS FROM 1 SEPTEMBER 2019 TO 31 AUGUST 2020
ACCOUNTANT IN
BUSINESS (FAB/AB)
www.ACCAGlobalBox.com
Download FREE ACCA STUDY MATERIALs from "https://www.ACCAGlobalBox.com"

2.
FAB/AB ACCOUNTANT IN BUSINESS
ii
First edition March 2011
Eighth edition February 2019
ISBN 9781 5097 2415 4
Previous ISBN 9781 5097 1762 0
eISBN 9781 5097 2442 0
British Library Cataloguing-in-Publication Data
A catalogue record for this book is available from
the British Library
Published by
BPP Learning Media Ltd
BPP House, Aldine Place
142-144 Uxbridge Road
London W12 8AA
www.bpp.com/learningmedia
Printed in the United Kingdom
Your learning materials, published by BPP
Learning Media Ltd, are printed on paper
obtained from traceable sustainable sources.
All rights reserved. No part of this publication may
be reproduced, stored in a retrieval system or
transmitted in any form or by any means,
electronic, mechanical, photocopying, recording or
otherwise, without the prior written permission of
BPP Learning Media.
Contains public sector information licensed under
the Open Government licence v3.0.
We are grateful to the Association of Chartered
Certified Accountants for permission to reproduce
past examination questions. The suggested
solutions in the practice answer bank have been
prepared by BPP Learning Media Ltd.
©
BPP Learning Media Ltd
2019
A note about copyright
Dear Customer
What does the little © mean and why does it matter?
Your market-leading BPP books, course materials and e-
learning materials do not write and update themselves.
People write them on their own behalf or as employees of an
organisation that invests in this activity. Copyright law
protects their livelihoods. It does so by creating rights over
the use of the content.
Breach of copyright is a form of theft – as well as being a
criminal offence in some jurisdictions, it is potentially a
serious breach of professional ethics.
With current technology, things might seem a bit hazy but,
basically, without the express permission of BPP Learning
Media:
 Photocopying our materials is a breach of copyright
 Scanning, ripcasting or conversion of our digital
materials into different file formats, uploading them to
Facebook or emailing them to your friends is a breach
of copyright
You can, of course, sell your books, in the form in which you
have bought them – once you have finished with them. (Is
this fair to your fellow students? We update for a reason.)
Please note the e-products are sold on a single user licence
basis: we do not supply 'unlock' codes to people who have
bought them secondhand.
And what about outside the UK? BPP Learning Media strives
to make our materials available at prices students can afford
by local printing arrangements, pricing policies and
partnerships which are clearly listed on our website. A tiny
minority ignore this and indulge in criminal activity by
illegally photocopying our material or supporting
organisations that do. If they act illegally and unethically in
one area, can you really trust them?
www.ACCAGlobalBox.com

3.
CONTENTS
iii
Contents
Page
Introduction
Helping you to pass .......................................................................................................................v
Chapter features ........................................................................................................................... vi
Studying FAB/AB ......................................................................................................................... vii
The Computer-Based Examination .................................................................................................. ix
Tackling Multiple Choice Questions..................................................................................................x
Part A The business organisation, its stakeholders and the external environment
1 Business organisations and their stakeholders .......................................................................... 3
2 The business environment ................................................................................................... 19
3 The macroeconomic environment ......................................................................................... 57
4 Microeconomic factors......................................................................................................... 85
Part B Business organisation structure, functions and governance
5 Business organisation, structure and strategy ....................................................................... 123
6 Organisational culture and committees................................................................................ 145
7 Corporate governance and social responsibility ..................................................................... 177
Part C Accounting and reporting systems, controls and compliance
8 The role of accounting....................................................................................................... 199
9 Control, security and audit ................................................................................................. 235
10 Identifying and preventing fraud ......................................................................................... 267
Part D Leading and managing individuals and teams
11 Leading and managing people............................................................................................ 293
12 Recruitment and selection.................................................................................................. 319
13 Diversity and equal opportunities........................................................................................ 343
14 Individuals, groups and teams............................................................................................ 355
15 Motivating individuals and groups....................................................................................... 377
16 Training and development.................................................................................................. 397
17 Performance appraisal....................................................................................................... 419
Part E Personal effectiveness and communication in business
18 Personal effectiveness and communication .......................................................................... 435
Part F Professional ethics in accounting and business
19 Ethical considerations ....................................................................................................... 475
Practice question bank ......................................................................................................................... 513
Practice answer bank ........................................................................................................................... 533
Bibliography.......................................................................................................................................... 547
Index ..................................................................................................................................................... 553
Review form
www.ACCAGlobalBox.com
Download FREE ACCA STUDY MATERIALs from "https://www.ACCAGlobalBox.com"

4.
Download this File from
www.ACCAGlobalBox.com