Essay About Internal Control And Assignment Brief Resitfinancial Statements

Unitech Limited
[pic 2]Assignment Brief ResitFinancial Statements, Internal Control and Systems2014/2015Module Leader:Nicholas JamesTutors Name:Bushra Fatima,Chris JarjouNicholas JamesModule Learning Outcomes       6.   Demonstrate an understanding of the role of accounting within an organizationEvaluate the importance and use of internal control systemsUse the appropriate accounting system to meet specific organisational requirements.Evaluate the accounting system and identify areas for improvement.Module Title:Financial Statements, Internal Control and SystemsAssignment Number: 1One of twoModule Code:101AFAssignment Type:Group PresentationDATE SET:17/11/2014DATE DUE:12/12/2014 % of Module Mark40%  Required Tasks  You are required in groups to develop a presentation of between 15 to 20 minutes on an accounting function(s). The presentation is to include a review of the accounting system, identifying weaknesses and fraudulent activities and making recommendations for improvement to management. Assignment BriefBackgroundCase StudyUniTech LimitedUniTech Ltd is a small size business based in Nor4ork, supplying a range of educational games accessories to universities and colleges. The business was set up in 2007 by two postgraduates (Dick Emerie and Mell Bee) after studying Information Technology for 5 years. They have no work experience in the educational games industry but their research of the market, which formed part of their Master’s dissertations, revealed a need for more high quality educational products, competitive prices and after sale service.  For the business to grow, Dick and Mell have decided to dedicate seven days a week in the business for the next 5 years. Both Dick and Mell share the same hobby which is playing Lawn Tennis in their spare time.