Organisation
An organisation is an arrangement of people and resources working towards shared purposes through coordinated activities. It can be commercial, public, charitable or another form, and its members may have different individual interests. Its structure and systems help coordinate work; its purpose is not necessarily to earn profit.
Worked example
A community charity employs staff and coordinates volunteers to deliver food support under agreed responsibilities and procedures. It is an organisation even though distributing profit is not its purpose.
Common mistake
Defining every organisation as a company or assuming that a shared purpose means all participants have identical objectives.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | BT | Direct | September 2026–June 2027 |
| FIA | FBT | Direct | September 2026–June 2027 |