Need some help with project pls !

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:09AM in AAT student discussion
Hi<BR><BR>I've got my project back and its all fine apart from the fact that I have to expand a bit on the subject of fraud. My project isn't about a strict accounting function (I know a lot of people have done petty cash/purchase ledger). Has anyone done a more 'obscure' subject for their project and if so what is the fraud section expected to cover ??<BR><BR>Any help gratefully received. Need to get this back to my tutor on Monday so it can be sent to AAT on 18th Sept !

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Need some help with project pls !

    Give us some idea about what your project is about. I did mine on a bookkeeping system for a pre school which didn't involve much handling money but you have to think about all the ways the old system was open to fraud and how the new system stops that.<BR><BR>Annette
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Need some help with project pls !

    I work for a street lighting installation and maintenance company. We buy the lights from a manufacturer and they have a warranty period. If a lamp fails within the warranty period, we are entitled to a monetary compensation from the manufacturer.<BR><BR>My project is all about the system I have implemented to track this area, from the operatives recording the number of failed lamps through to us getting the money back from the manufacturer. This is more complicated than it sounds and involves having to make a provision in the monthly management accounts for the amount that we have not yet received from the manufacturer, reconciling what the manufacturer is willing to give us with what we think we're due and making sure that operatives are recording the failed lamps correctly.<BR><BR>Can anyone help with how I can get fraud into this ??<BR><BR>Thanks :-)
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Need some help with project pls !

    I did my project on our calculation of charge out rates. For the fraud section I talked about how fraud it tackled around the whole of my company - not just the fraud around my project topic. I covered things such as the way cheques are handled, protection on computers, our money laundering procedure (for new clients), training that we as employees have to undertake, the way payments are authorised (manager to sign, etc), our policy of segregation of duties, our external regulators, the way expenses are paid and how we record our time.<BR><BR>Helen

Categories

Privacy Policy