Organisational Structures and Financial Reporting Frameworks

This week’s topics

Organisational Structures and Financial Reporting Frameworks

1. Hierarchical, flat and matrix structures
2. Span of control and departmentalisation
3. Statutory accounts filing obligations
4. Differential reporting standards for micro, SME and large enterprises
5. FRS 102 – The Financial Reporting Standard (UK GAAP Explained)
6. Directors' responsibilities: Your accounts and how to avoid late filing penalties
7. Hierarchy, span of control and line staff (Filomena Canterino)

What you will be able to do

• 1.3 Explain the advantages and disadvantages of different organisational structures.
• 1.4 Explain the financial reporting requirements for different types of business.

Activity

Start with this week’s 3 videos, then: Seminar, guided reading and a short written task: explain the advantages and disadvantages of different organisational structures.

Study materials

Videos

• FRS 102 – The Financial Reporting Standard (UK GAAP Explained) · YouTube · Accounting BotCast · 25 min · for registered students
• Directors' responsibilities: Your accounts and how to avoid late filing penalties · YouTube · Companies House · 26 min · for registered students
• Hierarchy, span of control and line staff (Filomena Canterino) · YouTube · Polimi OpenKnowledge · 7 min · for registered students

Further resources

• Introduction to Business 2e, ch. 7.1–7.2: Organisational structures · PDF · OpenStax, textbook chapter; pp. 219–226 · for registered students
• FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (September 2024) · PDF · Frc, framework · for registered students
• User guide to the SME definition (European Commission, 2020) · Reading · Eu, guidance; 60 pages · for registered students