Organizational Complexity

Corporate Structure
Setup of an organization in terms of departments and agencies; distribution and delegation of functional responsibilities throughout an organization. Reacting to a complex environment of business, the modern organization has become very complex, usually having many departments with a wide array of responsibilities.
Vertical Specialization
Vertical specialization refers to the delegation of responsibilities and duties to others within the same line of authority in an organization. This happens as organizations grow more complex, necessitating the involvement of additional personnel to manage increasing workloads.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.