Per: Internal Audit and Challenge Questions
answering challenge questions
answering challenge questions [SECTION TITLE]
1
2
CONTENTS
Practical experience requirements (PER)
4
challenge questions
5
sample answers
01
Demonstrate the application of professional ethics, values and judgement
6
03
Raise awareness of non-financial risk
7
04
Manage self
8
05
Communicate effectively
10
08
Improve departmental performance
12
10
Prepare financial statements for external purposes
13
13
Contribute to budget planning and production
14
15
Evaluate potential business/investment opportunities and the required finance options
15
17
Prepare for and collect evidence for audit
16
19
Evaluate and compute taxes payable
17
answering challenge questions contents
3
practical experience requirements (per)
As part of your practical experience requirement (PER) you are required to achieve nine Essentials and at least four Options performance objectives (making a total of 13 or more) to the satisfaction of your workplace mentor.
Performance objectives are ACCA’s indicators of effective performance, and set the minimum standard of work that you are expected to achieve and demonstrate in the workplace as a trainee accountant.
PERFORMANCE OBJECTIVES
Essentials performance objectives – complete all nine
Options performance objectives – choose any four
Professionalism, ethics and governance
Financial accounting and reporting
1 Demonstrate the application of professional ethics, values and judgement
2 Contribute to the effective governance of an organisation 3 Raise awareness of non-financial risk
10 Prepare financial statements for external purposes
11 Interpret financial transactions and financial statements
Performance measurement and management accounting
Personal effectiveness
12 Prepare financial information for management
13 Contribute to budget planning and production
14 Monitor and control budgets
4 Manage self
5 Communicate effectively
6 Use
answering challenge questions [SECTION TITLE]
1
2
CONTENTS
Practical experience requirements (PER)
4
challenge questions
5
sample answers
01
Demonstrate the application of professional ethics, values and judgement
6
03
Raise awareness of non-financial risk
7
04
Manage self
8
05
Communicate effectively
10
08
Improve departmental performance
12
10
Prepare financial statements for external purposes
13
13
Contribute to budget planning and production
14
15
Evaluate potential business/investment opportunities and the required finance options
15
17
Prepare for and collect evidence for audit
16
19
Evaluate and compute taxes payable
17
answering challenge questions contents
3
practical experience requirements (per)
As part of your practical experience requirement (PER) you are required to achieve nine Essentials and at least four Options performance objectives (making a total of 13 or more) to the satisfaction of your workplace mentor.
Performance objectives are ACCA’s indicators of effective performance, and set the minimum standard of work that you are expected to achieve and demonstrate in the workplace as a trainee accountant.
PERFORMANCE OBJECTIVES
Essentials performance objectives – complete all nine
Options performance objectives – choose any four
Professionalism, ethics and governance
Financial accounting and reporting
1 Demonstrate the application of professional ethics, values and judgement
2 Contribute to the effective governance of an organisation 3 Raise awareness of non-financial risk
10 Prepare financial statements for external purposes
11 Interpret financial transactions and financial statements
Performance measurement and management accounting
Personal effectiveness
12 Prepare financial information for management
13 Contribute to budget planning and production
14 Monitor and control budgets
4 Manage self
5 Communicate effectively
6 Use