Essay regarding Cost-benefit Evaluation and Inside Control

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A review of the effectiveness of the accounting system and internal controls of Cookridge & Cookridge Carpets limited with virtually any recommendations for improvement.

Submitted by:

Rita Mezher

AAT college student membership number:

10417659

Time:

This record is submitted for examination of the AAT unit ‘Internal control and accounting program. '

TABLE OF CONTENT

1 . Term of research

2 . Professional summary

3. Method

4. Summary of Cookridge and Cookrigde Carpets and rugs Ltd

your five. Analysis and evaluation of

Assessment and analysis of the accounting system

Ethical and durability evaluation of accounting system

Weaknesses inside the accounting system.

6. Tips

7. Price benefit analysis

8. Bout

being unfaithful. Managers genuineness

twelve. Mapping document

1 . TERM OF REFERENCE

This kind of report-

1 . 1 has been prepared to cover the requirements with the internal control and accounting system unit of the AAT level 4 Diploma in Accounting. 1 ) 2 discusses the need to help to make improvement towards the effectiveness in the internal control and whether or not the culture with the organisation could possibly be improved in terms of working ethically and their environmental sustainability 1 . 3 It's about producing recommendation to get improvement that sees are necessary

installment payments on your EXECUTIVE BRIEF SUMMARY

3. STRATEGY

3. one particular I started out my task by studying the AAT case study to clearly understand the accounting operation, procedures as well as the personal with different responsibility in addition, it help to making notes and highlighting that which was necessary and needed three or more. 2 Questionnaires was put together and answered by the accounts staff about them personally, their particular qualification and views regarding trainings. (See appendix ) 3. several The strength plus the weakness were laid straight down. Weakness was use to suggest recommendation. (See appendix ) 3. 4 References consist of

Internet: Google and the AAT web site

Internal control and accounting project Osborne books

Inside control and accounting systems- A guide to writing your survey: leaflet

4. SUMMARY OF COOKRIDGE & COOKRIDGE RUGS Ltd

some. 1 Cookridge & cookridge carpets limited was established last year in Southampton. 4. two It is a significant carpet, gentle furnishings and bed car dealership it is the primary dealer for ‘[email protected] memory' foam mattresses and beds in the region and has become trading within the past four years. 4. a few Their key internal stakeholders are there;

Staff

Manager

four. 4 their main exterior stakeholders are available;

consumers

suppliers

financial institutions

duty authorities

4. 5 Cookridge & cookridge carpets ltd is a small business employing less than 50 staff including a little account department – discover appendix 1 ) ( ) 4. 6th Mission is usually to provide an exceptional level of services to all of their customers, whether they are spending £5 or perhaps £5000 and provide carpets and rugs, beds and soft furnishings that make a residence into a home.

5. ANALYSIS AND ANALYSIS OF THE CURENT SYSTEM.

5. 1 Review and evaluation of the accounting system

5. 2 Honest and sustainability evaluation of accounting program

5. three or more Weaknesses in the accounting system.

Possible weaknesses in the accounting system

5. 3. you Security and accessibility: The password system and convenience is very lax Access to the account business office is easy because the keypad locking mechanism is never used Same username and password is use for almost everything throughout the company Password has never end up being change

The account supervisor those not have access to all laptop in the account section without notice because they may have never offered their pc password since requested

5. several. 2 Funds and financial:

Banking is usually not performed on a daily basic

Money is pass from till to the secure with no record of any kind There is no control on the small cash

There seems to be no checking out system pertaining to cash

Stefan can be not chasing customers can be not doing so making money at...

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