ACCA F1 Accountant in Business - 2010 - Study text - Emile Woolf Publishing
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Paper F1
AccountantinBusiness
i
Index
A
Accountancy profession 169
Accounting
history 168
origins 168
specific functions 200
Accounting and finance: developments 171
Accounting and purchasing (procurement) 194
Accounting department: role and functions 171
Accounting for purchases 178
Accounting processes: computerisation 170
Accounting standards 170
purpose 176
Achieving competitiveness: adding value 163
Adair
50: 50 rule 262
action-centred leadership 261
Adding value 165
Advertising vacancies 310
Ageing population 154
Analytical procedures 209
Anti-collusion regulations 138
Anti-discrimination policies 341
Application controls 221, 226
Application forms 326
Appraisal interview 403
360 degree approach 404
feedback 408
problem solving method 404
recording the results 407
tell and listen method 40
tell and sell method 403
Appraisal process 403
Aptitude tests 328
Ashridge model 253
Attitudes to work 324
Audit
external 206
financial 211
internal 206
systems 211
value for money 212
Audit committee 125
Auditing standards 207
Auditor assessments 209
B
Bargaining power of customers 162
Bargaining power of suppliers 162
Barriers to effective time management 353
Belbin: team roles 273
Bennis: leaders as enablers and originators 263
Blake and Mouton’s grid 251
Bottom-up applications for training 389
Budgeting and budgetary control 202
Bureaucracy 238
Business ethics 106
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C
Cash management 183, 204
Coaching 357
Communication models 363
Communication 361
attributes of effective communication 367
barriers 368
effective 361, 362
formal 361
informal 361
lateral 370
methods 369
vertical 370
Company accounts 176
Company law
accounting records 174
duty to file the
annual report and accounts 175
duty to prepare
financial statements 175
requirement for audited accounts 176
Competence and performance 399
Competence tests 328
Competition law 137
Competitive factors 159
Competitive rivalry 163
Compliance test 211
Computer based training (CBT) 391
Computer systems
advantages 187
business uses 188
Computer viruses 224
Computerised accounting systems 188
Confidentiality 116
Contingency theory 247
Continuing professional
development (CPD) 349
Control activities 215
Control environment 215
Corporate citizenship 120
Corporate codes of ethics 107
Corporate culture (Handy) 87, 91
Corporate governance 119
best practice 124
Corporate social responsibility 119, 120
need for high standards 123
COSO Framework 214
Cost accounting 201
Cost and management accounting 169
Counselling 358
benefits 360
Counselling at work 359
Credit control system 181
Credit note 179
Cultural web (Schein) 89
Culture 87
Culture for management: significance 88
D
Data
independence 192
integration 192
integrity 191
Data protection and security 136
Data protection law 135
Database management systems (DBMS) 191
Database systems
advantages 193
database systems 190
disadvantages 193
De-layering 157
Delegation 392
Delivery note 178, 180
Demographic patterns 154
Development methods 392
Disability discrimination 341, 343
Discrimination 340
direct 340
indirect 340
Diversity 339
managing 344
Diversity assessment 344
Diversity policy 345
Dorming (adjourning) 277
Downsizing 157
Drucker (management theory) 242
E
E-commerce (electronic commerce) 71
Economic activity calculation
expenditure approach 141
Index
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Economic cycle 143
Economic factors 140
Economic policy measures 151
Economic policy 140
Economic stagnation 146
Economy 280
Effective employees 348
Effective leadership 248
Effective service provision 197
Effectiveness 280
Efficiency 280
E-learning 391
Electronic Data Interchange (EDI) 71
E-mail 72
Employment 324
Employment law 134
Employment offer 333
Encryption 223
Environmental influences 130
Environmental scan 130
Equal opportunities 339, 343
Equal pay and equal value 342
Equity capital 203
Ethical behaviour 105
Ethics 105
Executive directors 97
Executive information systems (EIS) 69
Experiential learning theory 377
Expert systems 69
External audit
regulation 207
statutory 206
External audit v internal audit 213
External auditor
ensuring independence 209
main functions 208
External information 83
External stakeholders 98
Extranet 72
F
Face-to-face interviews and
panel interviews 337
Fayol 236
principles of management 237
Fiduciary duty of directors 120
Fiedler’s contingency model 256
Finance function 203
Financial accounting and reporting 201
Financial audit 211
Financial risks 216
Financial systems in business 178
Firewalls 224
Fiscal policy 149
Five Forces model (Porter) 159
Foreign exchange rates
and international payments
disequilibrium 148
Formal organisation 86
Formal training 390
Forming 276
Fraser: five-point plan 318
Fraud 227
consequences 229
detection 230
prevention 227, 231
Fundamental principles 115
confidentiality 116
integrity 115
objectivity 115
professional behaviour 116
professional competence and due care 116
technical standards 117
Funding 203
G
General controls 221
Good corporate governance 121
Good information qualities 81
Goods received note 179
Government economic policy aims 142
Government policy for
demographic change 154
Graduate recruitment programme 395
Group selection methods 329
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H
Hackers: preventing and detecting 223
Handy
best fit approach 259
corporate culture 91
shamrock organisation 324
Health and safety law 134
Heifetz: leadership as an activity 264
Hersey and Blanchard:
situational leadership theory 257
Hofstede 94
Honey and Mumford: learning styles 379
Human relations movement
of management theory 240
I
IFAC Code (Code of Ethics for
Professional Accountants) 114
Incentives 281
Individual approaches to work 270
Individual behaviour at work 268
Induction 392
Ineffective interviewing 336
Inflation 143
implications for the
distribution of wealth 144
Informal organisation 86
significance 86
Information
external 83
internal 83
uses 78
Information access and data security 83
Information levels 78
operational 80
strategic 79
tactical 80
Information systems 65
Information technology 65
and personal effectiveness 348
value 82
Integrated accounts packages 189
Integrity 115
Intelligence tests 328
Interest rates: managing 150
Internal audit 206, 210
compared with external audit 213
Internal check 218
Internal control 214
Types 217
Internal financial control
effective 217
weak 216
Internal information 83
Internal stakeholders 96
International Audit and
Assurance Standards Board (IAASB) 207
International economic policies 151
International Financial Reporting
Standards (IFRSs) 176
International payments 147
disequilibrium 147
International Standards on Auditing (ISAs) 207
International Standards Organisation (ISO) 226
Internet 71
Interviews 327, 338, 406
Intranet 72
Inventory records 179
IT applications 187
IT standards 226
IT system audits 226
IT system controls 184
IT system security 220
J
Job analysis 308, 320
definition 320
justifying the use 323
methods 321
purpose 320
skills required 322
Job application form 312
Job descriptions 315
purpose 316
Job design 393
Job enlargement 393
Job enrichment 393
Job rotation 392
Johnson and Scholes
cultural web 89
value chain 164
Index
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K
Kanter 243
Kirkpatrick: four levels of evaluation 396
Knowledge work systems (KWS) 70
Kolb
experiential learning theory (ELT) 379
learning styles 377
Kotter (Leadership) 264
L
Laws and regulations
governing accounting 174
Leadership
contingency theories 256
definition 234
trait theories 249
Leadership and adaptive change 265
Leadership qualities 261
Leadership style 248, 255
Learning curve 376
Learning 376
barriers 382
Learning styles 377
Honey and Mumford 379
Lippitt and White 250
Legal authority 133
Legitimate authority 238
Letters of application 327
Likert’s leadership styles 255
Lippitt and White’s leadership styles 250
Lobby groups 138
Local Area Networks (LANs) 76
Logic bombs 225
Long-term debt capital 203
M
Macroeconomic policy 140
Management
classical theories 236
definition 234
modern theories 242
Management accounting 201
Management and information 78
Management information
for decision-making 202
Management information systems (MIS) 68
Manual and automated financial
systems comparison 189
Marketing 58
definition 59
financial issues 196
Marketing concept 58
Marketing mix 60
Marketing plan and strategic planning 64
Mayo (human relations school) 240
Media advertising 310
Mendelow’s power/interest matrix 102
Mentoring 357, 393
Microeconomics 140
Mintzberg 243
organisation structure 245
Mobile computing 73
Modular systems 67
Monetary policy 149
Monopolies 137
Moral dilemmas 105
Motivation 281
N
National economic policies 149
National income growth and inflation 142
Non-executive directors (NEDs) 124
Norming 276
O
Objectivity 115
Office automation systems (OAS) 68
Operational information 80
Organisation culture 86
factors that shape organisation culture 88
Mintzberg 245
Ouchi (Theory Z) 246
Outsourcing 157
Overdue payments: collecting 182
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P
Paradigm 91
Pareto Principle (80:20 rule) 353
Passwords 222
Payment records: monitoring 182
Payroll system 181
Performance appraisal 399
barriers 401
benefits 400
Performance assessment 398
Performance management 201
Performance reporting systems 203
Person culture 92
Person specification 315
Personal data 136
Personal development goals 351
Personal development plan 349
aims 350
preparing 350
Personal ethics 105
Personality tests or psychometric tests 329
PEST analysis 130
Physical access controls 221
Place 61
Political and legal influence on business 132
Porter (Five forces model) 159
Power culture 91
Price 61
Problem-solving interviews 328
Product 60
Production
financial considerations 195
Professional behaviour 116
Professional codes of ethics for accountants 113
Professional competence and due care 116
Professional ethics and the accountant 111
Project teams 272
Promotion 62
Public oversight 126
Pull strategy 63
Purchase invoice 179
Purchase order 178
Purchase requisition 178
Purchasing department 194
Push strategy 63
Q
Qualities of good information
relevance 81
reliability 81
suffucient but not excessive 82
timely 82
user confidence 82
R
Race discrimination 343
Race relations policy 341
Recruitment
effective 308
internal and external 309
Recruitment agencies 310
Recruitment and selection process 304
ineffective 306
roles and responsibilities 305
stages 304
Recruitment and the HR plan 306
References 313
obtaining 334
Relevance 81
Reliability 81
Remuneration committee 125
Risk 216
financial 216
Risk assessment 215
Risk identification 215
Risks and controls 185
Rodger: seven-point plan 317
Role culture 92
S
Sales invoice 180
Sales invoicing system 179
Sales order 180
Sarbanes-Oxley Act 124
Schein 87
three levels of culture 89
Index
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Scientific management 236
criticisms 237
underlying principles 237
Secondment 392
Selection decision 332
Selection interview 335
key skills 335
Selection methods 326
weaknesses 329
Self-development 394
Senior managers 97
Servers 74
Sex discrimination legislation 343
Sex discrimination policy 341
Shamrock organisation 324
Shannon and Weaver’s
communication model 365
Shareholders 96
Skills development programmes 394
Social and demographic factors
in the environment 153
Software 75
bespoke 75
off-the-shelf 75
SPAMSOAP 217
Spreadsheet applications 189
Staff appraisal 400
Stakeholder
connected 100
definition 96
external 98
internal 96
Stakeholder conflicts of interest 103
Stakeholder mapping 102
Stewart (bureaucracy) 239
Stock market regulations 177
Storming 276
Strategic information 79
Stress interviews 327
Stress 359
Substantive tests 208
Supervision 235
Supranational bodies 133
SWOT analysis 131, 351
Systems audit 211
T
Tactical information 80
Tannenbaum and Schmidt’s
leadership continuum 252
Task culture 92
Taylor (Scientific management) 236
Team approaches to work 270
Team building: role of management 271
Team development 276
Team effectiveness 281
Team formation 276
Team performance: evaluating 280
Team roles 272
Team-building tools 281
Teams 272
effective 279
ineffective 279
Technical standards 117
Technological factors on working methods 156
Teeming and lading 228
Telecommuting 73
Tests of control and compliance 208
Theory Z (Ouchi) 246
Threat from potential entrants 160
Threat from substitute products 161
Time bombs 225
Time management 353
delegating 355
Timely information 82
Top-down planning 389
Training and development 385
benefits 386
methods 390
Training gap 388
Training manager: role 386
Training needs 388
analysis 395
Transaction processing systems (TPS) 67
Trap doors 225
Treasury function 203
Treasury risk management 205
Trojan horses 225
Tuckman (team development) 276
Tuckman’s analysis 277
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U
Unemployment types 145
cyclical 146
frictional 145
regional 145
seasonal 145
structural 145
technological 145
transitional 145
Unemployment 144
User confidence 82
V
Value chain (Johnson and Scholes) 164
primary 164
secondary 165
Value for money audit 212
Virtual company 73, 158
W
Weber (bureaucracy) 238
Whistle blowing procedures 109
Whistle-blowing policy 231
Wide Area Networks (WANs) 76
Work group and a team
Difference 272
Work group behaviour 268
Work groups 87
formal 269
informal 269
Work team
Successful 272
Working capital management 183, 204
Worldwide economic recession 146
Worms 225
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