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- Date Submitted: 09/01/2015 03:01 AM
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Student Notes
QCF Level 4
Internal Control and Accounting Systems
STUDENT NOTES
1
Contents
Section
page
1
Introduction and Assessment
3
2
Outcomes and Criteria
6
3
Internal Controls and Fraud
9
4
Finding weaknesses and making
recommendations
12
5
Business English
18
6
Report Plan
19
7
Deadlines
25
8
Report Guide
27
9
Other requirements
38
2
1 Introduction and Assessment
What is ICAS
Internal Control and Accounting Systems (ICAS) requires students to write a 35004000 word report to show their knowledge of internal controls and evaluating
accounting systems. You will be required to identify areas of weakness that could
lead to errors in the accounts, and to assess the potential for fraud to occur. You will
have to describe recommendations to address these issues and detail their costs
and benefits. Your report will have section and paragraph numbers that you will use
to complete a “mapping document” showing how your report covers the AAT
requirements. You will also have a letter confirming this is your own work (employer
or assessor provided) this is called a witness testimony. If required you may also
have some verbal questioning in a final interview.
This unit is key to obtaining the level 4 qualification for AAT and requires a good
standard of written English. The report must be word processed to show
professional presentation.
Theme
Firstly a theme will be identified. This involves choosing the company that you will
base your report on. If you are currently employed this could be the business where
you work. If you are not currently employed then you can use previous employment
experiences (up to a maximum of two years old). Your employer will need to write a
letter to authenticate the report. Alternatively, the AAT provides an on-line case
study. Assessors will authenticate these reports.
You then need to identify all or part of an accounting function that has or is
experiencing problems; this could range from...
Student Notes
QCF Level 4
Internal Control and Accounting Systems
STUDENT NOTES
1
Contents
Section
page
1
Introduction and Assessment
3
2
Outcomes and Criteria
6
3
Internal Controls and Fraud
9
4
Finding weaknesses and making
recommendations
12
5
Business English
18
6
Report Plan
19
7
Deadlines
25
8
Report Guide
27
9
Other requirements
38
2
1 Introduction and Assessment
What is ICAS
Internal Control and Accounting Systems (ICAS) requires students to write a 35004000 word report to show their knowledge of internal controls and evaluating
accounting systems. You will be required to identify areas of weakness that could
lead to errors in the accounts, and to assess the potential for fraud to occur. You will
have to describe recommendations to address these issues and detail their costs
and benefits. Your report will have section and paragraph numbers that you will use
to complete a “mapping document” showing how your report covers the AAT
requirements. You will also have a letter confirming this is your own work (employer
or assessor provided) this is called a witness testimony. If required you may also
have some verbal questioning in a final interview.
This unit is key to obtaining the level 4 qualification for AAT and requires a good
standard of written English. The report must be word processed to show
professional presentation.
Theme
Firstly a theme will be identified. This involves choosing the company that you will
base your report on. If you are currently employed this could be the business where
you work. If you are not currently employed then you can use previous employment
experiences (up to a maximum of two years old). Your employer will need to write a
letter to authenticate the report. Alternatively, the AAT provides an on-line case
study. Assessors will authenticate these reports.
You then need to identify all or part of an accounting function that has or is
experiencing problems; this could range from...