This module explains different types of business organization and factors affecting business. It explains the different ways in which formal organizations are structured and their main departments. It stresses out the importance of appropriate standards of corporate standards of corporate governance and corporate social responsibility. It explains the relationship between accounting and other business functions. It describes the main audit and assurance roles in business. Furthermore, it points out fundamental principles of ethical behaviour and corporate codes of ethics as well as managing people. Finally, the module provides practice of basic book-keeping techniques such as, journal debit and credit entries.