Accounting student

Topics: Management, Risk, Decision making Pages: 2 (468 words) Published: September 10, 2014
You will contribute to the effective governance of an organisation by providing support and information which will enable the organisation to operate effectively. This includes promptly providing information requested by senior management and/or decision making bodies in your organisation. You must also ensure that the work carried out in your own area of responsibility is in line with your organisation’s policies and procedures.

To pe rform effe cti vel y you nee d to:
• provide information, at the appropriate time, required by senior management to support decision making • implement organisational policies and procedures in your area of responsibility • ensure compliance with legal, regulatory and social requirements in your area of responsibility. Achievement of this performance objective requires consistent performance over a period of time. Evidence of this may include validation from third parties, and may be demonstrated as part of carrying out other activities. Examples of rele vant acti vities in cludes :

• responding to requests for information from senior management and/or decision making bodies • providing information on developments external to organisations eg economic, environmental or legislative • helping to ensure that meetings in your organisation are well organised and effective. These examples illustrate how you might demonstrate this performance objective. They are not obligatory – you may prefer to think of other ways that show how you perform effectively in this area. Key kn owle dge an d understan din g: Professi onalis m, et hics an d governan ce • Defining governance and explaining its function in the effective management and control of organisations and of the resources for which management are accountable.

• Evaluating the professional accountant’s role in internal control and review. Linke dIn your work, you will take steps to identify any potential risks, including the probability of their occurrence and the likely consequences....
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