Icas Project Guidlines

Only available on StudyMode
  • Download(s) : 1925
  • Published : January 10, 2013
Open Document
Text Preview
aat

Student Notes

QCF Level 4

Internal Control and Accoun ng Systems

STUDENT NOTES

1

Contents
Section

page
Introduction and Assessment
W here do I start
SWOT Analysis
Internal Controls
Fraud in an Accounting Function
Making Recommendations
Outcomes and Criteria

17

Report Planning
Assessment Deadlines

*Important terms are highlighted throughout the notes. Further explanation of these terms can be found in the terminology section

2

3

1. Introduction and Assessment
What is ICAS?
1.1. Internal Control and Accounting Systems (ICAS) requires you to write a 3500-4000 word report to show your knowledge of internal controls and the evaluation and analysis of accounting systems.

1.2. You have a maximum of six months to complete this unit and there are other significant deadlines that must be adhered to. The deadlines are discussed later with your assessor. If you do not complete the unit within the six months you will have to start again using a case study ( a new one if already doing a case study) which you will have to pay for. You would be marked as Not Yet Competent and your Statement of Achievement would reflect this

1.3. 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 make recommendations to address these issues and detail their costs and benefits. 1.4. Your report will have section and paragraph numbers that you will use to complete a 1

showing how your report covers the AAT requirements.
1.5. You will also need a letter confirming the report is your own work (employer or assessor provided) this is called a witness testimony. Distance Learning students will also have to complete a written final interview.

1.6. This unit is key to obtaining the level 4 qualification for AAT and requires a good standard of written English. The assessment is as much about your writing skill as it is about your understanding of accounting matters. The report must be word processed to a high standard in a prescribed format to show professional presentation

Theme (what should you write about)?
1.7. You will have to identify what it is that you want to write about. This involves choosing the company that you will base your report on, and then identifying all or part of an accounting function2 that has problems that need to be resolved. 1.8. If you are currently employed this could be the business where you work. Your employer will authenticate your work by providing a witness testimony3 in the form of a letter on company headed paper.

1.9. If you are not currently employed then you can use previous employment experiences (up to a maximum of two years old) Your previous employer will need to provide the witness testimony (as above).

4

1.10. Alternatively, the AAT provides an on-line case study4 for those students who have no relevant work experience or those whose employers do not want them to write a report about their own company. Assessors will authenticate these reports. 1.11. Assessors are obligated to ensure authenticity of reports and will contact employers to discuss your report.

on occasion

Mentor and Assessor Roles
1.12. The AAT recommend that if you are writing about your workplace, you ask someone at work to mentor you. They do not have to be a line manager; they could help with ideas, proof reading, and motivating you to meet your deadlines. They are not there to write the report for you!

1.13. Your Kaplan assessor will give feedback on your plan and on each submission of your report and provide formative guidance if required (see below on Assessment).

The Assessment Process
1.14. You are required to produce a detailed plan5 of your report and up to a maximum of five submissions6 of your report
1.15. Your plan is an assessable document and must be sent to your assessor for marking before you start writing your report. The plan is a detailed document...
tracking img