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Level 4 AAT - INAC

This class was created by Brainscape user Oliver Webb. Visit their profile to learn more about the creator.

By: Oliver Webb
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Decks in this class (10)

The accounting function
 The Accounting Function  Management information  Performance indicators  The characteristics, sources and categories of information  Management accounting and the financial function  Responsibility centres  Contribution to business objectives  Smooth running of the business  Overview of the payroll function  Gross pay and deductions
51  cards
Organisational structure and stakeholders
 Types of organisations  Organisational structure  Centralised v decentralised control  Scalar chain and span of control  Organisational culture  Stakeholders  Financial Statements
45  cards
Sustainability
 Importance of an ethical approach to sustainability  Responsibilities of finance professionals in upholding the principles of sustainability  Sustainability initiatives  Environmental  Economic  Social  The accountant’s role
28  cards
Ethical values
 What is ethics?  Fundamental principles  Business situations  Conflict of interest  Confidentiality  Dealing with ethical issues  Maintaining a professional distance  Importance of adhering to values, codes of practice and regulations  Internal Codes of Practice
34  cards
Internal controls
 Internal control  Control environment  Risk assessment  Control activities  Organisation types  Limitations of controls  Controls found in the accounting systems
34  cards
Fraud
 Definition  Common types of fraud  Systemic weaknesses  Reducing the risk  Implications of fraud  Examples of fraud
46  cards
Technology
 Visualising information  Accounting software packages  Cloud accounting  Automation, machine learning and artificial intelligence  Data analytics  Data security
28  cards
Business analysis
 SWOT  PESTLE
17  cards
Recommending system improvements
 Weaknesses  Recommendations
22  cards
Cost benefit analysis
 Considering costs and benefits  Benefits
11  cards

More about
Level 4 AAT - INAC

  • Class purpose General learning

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