Competency Standard
F10: Integrating Project

Introduction

Integrating Project is a real life project to apply in practice the knowledge taught in the nine core modules. The project consists of two phases. In the first phase, the students are given this scenario of joining a relatively new company that had been stared tup about a year ago by some budding technopreneurs, as consultants. These technopreneurs were excellent technical people, and in the short 12 months since starting up, were able to stablise their product, and starting to sell some of the product. However internally, things are becoming a mess. There is no accounting system in place, There is no control on revenue coming in or on expenses. Production control were ad hoc. There is no internal control on inventry, purchases etc. Of course at the current state where every member of the company is a stakeholder, with a common objective of making the company a success, the situtation is still managable. Nevertheless the company is reaching a state which more workers are needed to be employed to take care of the various tasks.

The team of financial personnel needs to go in and do the following.

Set up an accounting system for this company.
Set up a management control system for production.
Set up a simple HR system for the recruitment of new personnel.
Advise the technopreneurs on the legal aspects of running their business.

The systems as proposed and approved would be allowed to run for about 2 years, under which the firm has reached another stage of maturity. The project now go into the second phase where the team of financial consultants would again visit the firm to help it acquire a more elaborate system in preparation for it to expand and prepare for IPO. In this second phase, the team would need to do the following.

Propose and implement a framework for proper financial control, including financial reporting, preparation for internal, and external audit.
Tax planning to ensure that the firm is complying with regulations.
Financial planning to take the firm forward towards IPO
Put in place governance policy in preparation for IPO.

Underlying Knowledge

All underpinning knowledge covered in F1-F9, and to apply them to a real life scenario.

Performance Criteria

• demonstrate the setting up of a simple accounting system for a small firm
• demonstrate the setting up of a management control system for production
• derive a set of proper HR policies
• to clearly identify the legal needs for ensuring a business continuity
• prepare proper accounts, and audit reports
• prepare the tax return of a small firm
• derive a plan of financia workable initiatives for expansion
• derive a set of goverance for a firm

Assessment Methods

• Proceedings of projects or solutions to problems based assignments will be recorded as multimedia presentations or demonstrations, and organized as a portfolio for assessment.

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