BANKING ACADEMY, HANOI

BTEC HND IN BUSINESS (ACCOUNTING)

ASSIGNMENT COVER SHEET
NAME OF STUDENT
REGISTRATION NO.
UNIT TITLE
ASSIGNMENT TITLE
ASSIGNMENT NO
NAME OF ASSESSOR
SUBMISSION DEADLINE

Unit 11: Financial Systems and Auditing

Pear International Ltd Management Control Systems
1 of 2
Mr. Jun Bathan

I, __________________________ hereby confirm that this assignment is my own work and not
copied or plagiarized from any source. I have referenced the sources from which information is
obtained by me for this assignment.

________________________________
Signature

_________________________
Date

----------------------------------------------------------------------------------------------------------------

FOR OFFICIAL USE

Assignment Received By:

FSA A1 QCF Feb 2014 BAV

Date:

Unit Outcomes
Outcome

Evidence for the

criteria

Feedback

Assessors decision
First

Understand
the
importance
of keeping
effective
accounting
systems
within a
business
LO1

Be able to
analyse the
management
control
systems of a
business

Explain the
purpose and use
of the different
accounting
records

1.1

Assess the
importance and
meaning of the
fundamental
accounting
concepts

1.2

Evaluate the
factors which
influence the
nature and
structure of
accounting
systems

1.3

Identify the
different
components of
business risk

2.1

Analyse the
control systems
in place in a
business

2.2

Evaluate the risk

of fraud within a
business, and
suggest methods
for detection

2.3

Internal
Verification

Re-

LO2

Merit grades awarded

M1

M2

M3

Distinction grades awarded

D1

D2

D3

FSA A1 QCF Feb 2014 BAV

Outcome

Evidence for the

criteria

Feedback

Internal
Verification

Assessors decision

Assignment
( ) Well-structured; Reference is done properly / should be done (if any)
Overall, youve

Areas for improvement:

ASSESSOR SIGNATURE

DATE

DATE

NAME:.........................................................................................

(Oral feedback was also provided)

STUDENT SIGNATURE
NAME :..............................................................................
FOR INTERNAL USE ONLY
VERIFIED
YES
NO
DATE

: ...........................................................................

VERIFIED BY : ...........................................................................
NAME

: ...........................................................................

FSA A1 QCF Feb 2014 BAV

SCENARIO Pear International Ltd

Pear International Ltd (Pear) is a manufacturer of electrical equipment. It has
factories across the country and its customer base includes retailers as well as
individuals, to whom direct sales are made through their website. The companys
year end is 30 September 2012.
Pears website allows individuals to order goods directly, and full payment is taken in
advance. Currently the website is not integrated into the inventory system and
inventory levels are not checked at the time when orders are placed.
Goods are despatched via local couriers; however, they do not always record
customer signatures as proof that the customer has received the goods. Over the
past 12 months there have been customer complaints about the delay between sales
orders and receipt of goods. Pear has investigated these and found that, in each
case, the sales order had been entered into the sales system correctly but was not
forwarded to the despatch department for fulfilling.
Pears retail customers undergo credit checks prior to being accepted and credit
limits are set accordingly by sales ledger clerks. These customers place their orders
through one of the sales team, who decides on sales discount levels.
Raw materials used in the manufacturing process are purchased from a wide range
of suppliers. As a result of staff changes in the purchase ledger department, supplier
statement reconciliations are no longer performed. Additionally, changes to supplier
details in the purchase ledger master file can be undertaken by purchase ledger
clerks as well as supervisors.
In the past six months Pear has changed part of its manufacturing process and as a
result some new equipment has been purchased, however, there are considerable
levels of plant and equipment which are now surplus to requirement. Purchase
requisitions for all new equipment have been authorised by production supervisors
and little has been done to reduce the surplus of old equipment.
You are an audit supervisor of Apple & Co and are currently reviewing
documentation of Pears internal control in preparation for the interim audit. You are
required to do the following tasks
Tasks

Explain the purpose and use of the different accounting records used by Pear
International Ltd
(1.1)

Assess the importance and meaning of the fundamental accounting concepts

applicable in the above scenario
(1.2)

Evaluate the factors which might influence the nature and structure of
accounting systems at Pear International Ltd
(1.3)

FSA A1 QCF Feb 2014 BAV

Identify the different components of business risk associated with Pear

International Ltd
(2.1)

Analyse the control systems in place at Pear International Ltd

(2.2)

Evaluate the risk of fraud within Pear International Ltd and suggest methods
of detection
( 2.3)

FSA A1 QCF Feb 2014 BAV

GRADING
Pass

is achieved by meeting all the requirements defined in the assessment

criteria. (Refer page 2 of the assignment brief)

Merit

Identify and apply strategies to find appropriate solutions.

(M1)

Characteristics / Possible Evidence Relevant theories and techniques

have been applied to evaluate the effectiveness of accounting and
management control systems of a business.
Select/design and apply appropriate methods/techniques

(M2)

Characteristics / Possible Evidence A range of methods and

techniques have been applied in accounting and management control
systems and the results are justified.
Present and communicate appropriate findings

(M3)

Characteristics / Possible Evidence An appropriate structure and

approach have been used to write a professional report as well as a
range of methods of presentation used widely.
Distinction Use critical reflection to evaluate own work and justify valid conclusions (D1)
Characteristics / Possible Evidence A synthesis has been used to
generate and justify valid conclusions for business improvements.
Take responsibility for managing and organizing activities

(D2)

Characteristics / Possible Evidence Work shows evidence of

substantial investigations have been planned, managed and organized
related to accounting and management control systems.
Demonstrate convergent/lateral/creative thinking

(D3)

Characteristics / Possible Evidence: There are ideas generation and

decisions taken in business risk and risk of fraud in the given business
situation as well as problems have been solved.

FSA A1 QCF Feb 2014 BAV

PRESENTATION
1. The assignment should have a cover page that includes the assignment title,
assignment number, course title, module title, Lecturer/tutor name and
students name. Attach all the pages of assignment brief/cover sheet with your
report and leave them blank for official use.
2. Ensure that authenticity declaration has been signed.
3. This is an individual assignment.
4. Content sheet with a list of all headings and page numbers.
5. A fully typed up professionally presented report document. Use 12 point Arial
or Times New Roman script.
6. Your assignment should be word-processed and should not exceed 3,000
words in length. A CD should be included with references and
accompanying notes.
7. Use the Harvard referencing system.
8. Exhibits/appendices are outside this limit.
9. The assignment should be not contain a bibliography but should contain a
list of any references used in the assignment.
NOTES TO STUDENTS FOR SUMMISSION

Check carefully the submission date and the instructions given with the
assignment. Late assignments will not be accepted.

Ensure that you give yourself enough time to complete the assignment by the
due date.

Do not leave things such as printing to the last minute excuses of this nature
will not be accepted for failure to hand-in the work on time.

You must take responsibility for managing your own time effectively.

If you are unable to hand in your assignment on time and have valid reasons
such as illness, you may apply (in writing) for an extension.

Failure to achieve a PASS grade will results in a REFERRAL grade being

given.

Take great care that if you use other peoples work or ideas in your
assignment, you properly reference them in your text and any bibliography.

NOTE: If you are caught plagiarizing, the University policies and

procedures will apply.

FSA A1 QCF Feb 2014 BAV