Page 92 - Accountancy for Advanced Secondary Schools Teachers Guide Form Five

3. Hierarchy and organisation
(a) Hierarchy of tasks: Discuss how tasks can be organised
hierarchically, with broader categories (e.g., monthly close,
annual audit) subdivided into specific activities.
FOR ONLINE READING ONLY
(b) Workflow: Teach the students how to sequence tasks
logically to optimise workflow and minimise bottlenecks,
ensuring smooth progress from one task to the next.

4. Resource allocation

(a) Staffing requirements: Discuss how to assess staffing needs
based on the complexity and volume of tasks, considering
factors like skill levels, availability, and workload.
(b) Budgeting: Explain how to allocate financial resources
effectively to support the execution of accounting tasks,
including costs for software, training, and professional
services.

5. Risk management
(a) Identification of risks: Teach the students how to identify
potential risks and challenges that may impact the execution
of tasks, such as staff turnover, system failures, or regulatory
changes.

(b) Mitigation strategies: Discuss strategies for mitigating
risks, such as cross-training staff, implementing backup
procedures, or developing contingency plans.
6. Quality assurance

(a) Review processes: Explain the importance of incorporating
review and quality assurance mechanisms into the work plan
to ensure the accuracy and integrity of accounting records.

Teacher’s Guide Form Five
78

23/06/2024 17:45
ACCOUNTANCY_TG_2024_FINAL DUMMY.indd 78 23/06/2024 17:45
ACCOUNTANCY_TG_2024_FINAL DUMMY.indd 78