Organisations can be defined as:
“social arrangements for the controlled performance of collective goals” (Buchanan and Huczynski)

There are different types of organisations, all of which, whether they are profit or non-profit must concentrate on coordinating the 3 points.

These are:

  • Social Arrangement
  • Collective Goals
  • Control of Performance

Types of organisation

Accountants are employed by different types of organisation. Organisations can be divided into two main types:

  • Business organisations

Business organisations engage in commercial and industrial activities, with the purpose of making a profit.

  • Not-for-profit organisations

Not-for-profit organisations do not seek to make a profit, they exist to provide a benefit to the public, such as good government or key services such as health

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