1) Within this module you will need to evaluate the accounting systems within a business. Identify the elements of the evaluation process a) Suggesting ways to improve the internal system b) Considering fraud and ways to improve it c) Carrying out audits d) Analysing the effectiveness of the current system e) Paying employees on time 2) Your colleague, Ellie has been studying organisational structure and would like you to explain what the span of control is. Select the correct option to explain what the span of control is from the options a) The number of employees within a business b) The size of the finance department c) The number of employees that report to each manager d) Who controls specific areas of production 3) Your colleague, Eli has now asked you about stakeholders. She wants you to identify some external shareholders. Select 2 external. a) Department Managers b) Suppliers to the business c) Finance Director d) HMRC 4) The new accounts apprentice, Mo has not worked in accounts before, so is not sure what the Accounts function does. Select 2 options. a) Payroll b) Marketing c) Production d) Budgeting 5) A business with its own accounting department providing support for several groups of companies has: a) A centralised structure b) A decentralised structure 6) A small owner- managed company normally has up to ? employees a) 50 b) 500 7) The structure is likely to be ? with different functions within it. a) on different levels b) flat 8) The accounts function would report back to the ? a) Chief Executive Officer b) Business owner

INAC Introduction to Internal Controls/accounting function how it works

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