ICAS Project

Tonicha

Hi

Could somebody give me some tips on the PI 1.4 please.

1.4 Explain how the accounting system are affected by the organisational structure, system, procedures, and business transactions.



Thanx

Simmyluvsu

Hi Tonica

Answering the following questions should cover this part:

What problems / benefits are caused by the organisation structure e.g. location, reporting structure, lack of key staff, lack of resources
What systems does the accounting function need to work to e.g. manuals, deadlines, procedures
How does this affect your tasks e.g. extra time needed for authorisation signatures, approval needed
How do the business transactions affect the tasks, e.g. cash flow affecting payment times, payroll in cash

Hope this helps!

Tonicha

Thank you for your help Simmyluvsu!