Organisations and management accounting
Organisations and management accounting

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Organisations and management accounting

1 What is an organisation?

An ‘organisation’ is a group of individuals working together to achieve one or more objectives. Although organisations have been defined differently by different theorists, virtually all definitions refer to five common features:

  1. they are composed of individuals and groups of individuals
  2. they are oriented towards achieving collective goals
  3. they consist of different functions
  4. the functions need to be coordinated
  5. they exist independently of individual members who may come and go.

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