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Accounting policies and procedures

Scenario

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For the purpose of this assignment you are to
assume the role of a junior accountant for a retail group and your line manager
is the Regional Director of Finance. The Director of Finance needs to produce a
leaflet for some new members of the Board as part of the induction pack. They are
experts in a range of business fields but have limited financial knowledge. You
have been asked to prepare a first draft of the leaflet. 

Activity
1

The leaflet must provide an overview of
accounting policies and procedures and:

  1. explain the purpose and
    requirements of a business organisation maintaining financial records
  • analyse the techniques
    of using manual and computerised accounting systems
  • analyse the legal and
    organisational requirements for financial reporting in different business
    organisations

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