accounting department organizational chart

This OpenLearn course provides a sample of level 2 study in Business & Management. The course also considers the main environmental factors (economic, social, political, legal and technological) that impact on organisational behaviour. Organisational objectives and structure are key elements of organisations and they determine management functions and responsibilities within the organisation. This OpenLearn free course, therefore, looks at the nature of organisations, specifically their objectives and structure. In order to understand the concepts and principles of management accounting it is necessary first to have some appreciation of what managers do! This, in turn, requires an understanding of the organisations in which managers work – and of the external environment in which these organisations exist and operate. Whereas financial accounting is concerned with reporting on the past financial performance of an organisation, management accounting is essentially concerned with improving its future performance.

Management accounting is concerned with providing information and analysis to managers to help them plan, evaluate and control activities, in order to achieve an organisation’s objectives. The respective divisions would have a certain autonomy but this would likely incur additional overhead cost.Organisations and management accounting Introduction An example would be an auto manufacturer organizing its company by product type. It could be by product lines offered or geographic regions. Divisional - This chart subdivides the company based on some specific criteria.In this scenario, the matrix chart would connect the software developer to each manager they are working with, with vertical lines. Matrix charts often interconnect employees and teams with more than one manager, such as a software developer who is working on two projects-one with their regular team manager, and another with a separate product manager.

Matrix - This more complicated organizational structure groups individuals by their common skill-sets, the departments in which they work, and the people they may report to.Flat - also known as a 'horizontal' chart, the flat org chart positions individuals on the same level, indicating more power equality and autonomous decision-making ability than is typical with employees in hierarchical corporations.There is no single correct way to fashion an organization chart, as long as it identifies the officials, employees, departments, and functions of the firm, and how they interact with each other.

Accounting department organizational chart