D3: Performance Measurement and Control | Management Reports (ACCA F5)

D3- Management Reports

Management Reports discusses the principal controls required in generating and distributing internal information and the procedures that may be necessary to ensure security of highly confidential information that is not for external consumption.

Management Reports

a) Discuss the principal controls required in generating and distributing internal information.

The controls required in generating  internal information include:

  • Carrying out a cost/benefit analysis
  • Avoiding duplicated reports
  • Ensuring that the report writer provides the relevant information only
  • Identifying the originator of the information
  • Providing the most up-to-date information

The controls required in distributing internal information include:

  • Procedures manual
  • Locked cabinets
  • Employee confidentiality agreements
  • Private and confidential stamps

b) Discuss the procedures that may be necessary to ensure security of highly confidential information that is not for external consumption.

To protect highly confidential information, the following procedures may be used:

  • Limiting access to data on the company MIS
  • Database controls
  • Logical access systems
  • Personnel security planning
  • Firewalls
  • Passwords
  • Anti-virus and anti-spyware software

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