Internal control ensures organizational effectiveness, efficient operations, and compliance with laws. Businesses face risks like embezzlement and fraud, making internal controls vital.
MA0083 Financial Accounting In Shipping: FACC Assignment CA1 2024-25
MA0083 Internal Control And ESG In Shaping Accounting Practices
Course: Diploma in Maritime Business
Module: MA0083 Financial Accounting in Shipping Assignment CA1 – Team Assignment (30%)
MA0083 Section A: Research Theory
Title: Internal Control & Cash
Word Count: 1,000 words (excluding calculations and tables)
Weightage: 50%
Internal control ensures organizational effectiveness, efficient operations, and compliance with laws. Businesses face risks like embezzlement and fraud, making internal controls vital.
Requirements:
- Illustrate elements of internal control using case studies from textbook exercises.
- Discuss the application of internal controls to cash management.
- Review self-examination questions (Exercise 7-6d).
- Highlight the best video from the study tools section of Cengage that explains this topic.
MA0083 Section B: Exploration Case Study
Title: ESG In Shaping Accounting Practices
Word Count: 1,000 words
Weightage: 50%
Explore how Environmental, Social, and Governance (ESG) factors influence accounting practices and corporate strategies.
Requirements:
- Define ESG and explain its three pillars: Environmental, Social, and Governance.
- Analyze the integration of ESG into accounting standards and financial reporting.
- Discuss emerging standards like the Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB).
- Identify challenges and opportunities in ESG-based financial processes.
- Include a case study or academic source for reference.
