Learning Objectives

The knowledge unit’s aim to ensure that you understand the principles of internal control. You will be able to identify and explain the role of accounting generally and internal control specifically within an organisation. You must be able to recognise different approaches and make informed reasoned judgements to inform management on how to implement or improve systems within an organisation.

The skills unit’s aim to ensure that you are able to evaluate the accounting systems within an organisation. You will be able to identify an organisation’s accounting system requirements; explain where improvements could be made and make valid suggestions about how to do this. You will be able to communicate this to management in a clear manner supported by a reasoned argument to support their recommendations.

Learning Outcomes

• Demonstrate an understanding of the role of accounting within the organisation.
• Understand the importance and use of internal control systems.
• Be able to identify and use the appropriate accounting system to meet specific organisational requirements.
• Evaluate the accounting system and identify areas for improvement.
• Make recommendations to improve the accounting system.