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  2. Organizational structure - Wikipedia

    en.wikipedia.org/wiki/Organizational_structure

    Further, the informal organization, which is the structure of social interactions that emerges within organizations, may be subject to restrictions also tends to lag in its integration into the newly established formal organisation, whereas formal organization or the subjective norms system created by managers can be changed relatively quickly ...

  3. Open-book accounting - Wikipedia

    en.wikipedia.org/wiki/Open-book_accounting

    Open-book accounting (OBA) is a business practice which opens up an organisation's accounts to some or all of those with an interest in the organisation, including its employees and its shareholders (including those whose shareholding is managed indirectly, for example through a mutual fund) and supply chain. [1]

  4. Account (bookkeeping) - Wikipedia

    en.wikipedia.org/wiki/Account_(bookkeeping)

    A chart of accounts provides a listing of all financial accounts used by particular business, organization, or government agency. The system of recording, verifying, and reporting such information is called accounting. Practitioners of accounting are called accountants. [1]

  5. Bookkeeping - Wikipedia

    en.wikipedia.org/wiki/Bookkeeping

    It involves preparing source documents for all transactions, operations, and other events of a business. Transactions include purchases, sales, receipts and payments by an individual person, organization or corporation. There are several standard methods of bookkeeping, including the single-entry and double-entry bookkeeping systems. While ...

  6. Business - Wikipedia

    en.wikipedia.org/wiki/Business

    A business entity is not necessarily separate from the owner and the creditors can hold the owner liable for debts the business has acquired. [6] The taxation system for businesses is different from that of the corporates. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the ...

  7. Privately held company - Wikipedia

    en.wikipedia.org/wiki/Privately_held_company

    The owner may operate on his or her own or may employ others. The owner of the business has total and unlimited personal liability for the debts incurred by the business. This form is usually relegated to small businesses. Partnership: A partnership is a form of business in which two or more people operate for the common goal of making a profit ...

  8. Financial accounting - Wikipedia

    en.wikipedia.org/wiki/Financial_accounting

    The trial balance, which is usually prepared using the double-entry accounting system, forms the basis for preparing the financial statements. All the figures in the trial balance are rearranged to prepare a profit & loss statement and balance sheet. Accounting standards determine the format for these accounts (SSAP, FRS, IFRS). Financial ...

  9. Organizational architecture - Wikipedia

    en.wikipedia.org/wiki/Organizational_architecture

    Although the process of organization design isn't necessarily linear, a five milestone process has been created to organize the approach. [3] The five milestone design process is as follows: [3] Business case and discovery. Goal: Build a business case for the change; compare the current state to future state and implications that would be involved.