Friday, July 12, 2024

The Institute Learning Activities Edition 7



Read The Institute - ’The role of accounting in business’.

1. How do Chartered Accountants serve the public interest?

2. List three users of accounting information.

3. Outline the purpose of preparing financial reports.

3. Explain three limitations of financial reports.

4. What are the objectives of sound financial management?

5. Name and explain (in your own words) five different fields Chartered Accountants can work in.

6. Why is clear and transparent reporting vital to a company?

7. Why are businesses under increased scrutiny nowdays?


1. There have been many examples of companies becoming insolvent after poor or fraudulent financial management. Investigate one of these companies and present a report the events leading to their collapse. Include how these events could have been prevented with effective safeguards, transparency and financial management. Examples could include Enron, WorldCom, OneTel, HIH or Centro.

2. Using the website of St James Ethics Centre ( look for the information relating to ethics in business. What is corporate social responsibility and how is it achieved? 

Leave a comment

Make sure you enter the (*) required information where indicated.
Basic HTML code is allowed.

Learning Areas

Learning Area(s):

Commission a case study for your business

If your company or organisation would like to be part of Australia & New Zealand's best case study resource, apply for a case study online or phone us on 
02 4991 2874 in Australia and 0800 990 999 in New Zealand.

What's New?


New Edition 7 case studies available now!

Buy a printed copy of Edition 7Buy a printed copy of Edition 7 case studies.

Subscribe nowSubscribe now to get access to over 80 additional case studies and support material.

Teaching Resources

Learning Resources

Useful Resources
Need to contact a teaching association?
Or get ideas for class?
Check out our useful links.

Teaching Hints & Strategies
Share your lesson plans with other
professionals or search for ideas here.

Log in / log out