Chic Paint Limited
THE ACCOUNTS DEPARTMENT
5.0 CPL was formerly part of the Ashstead Plc but was the subject of a management buyout (MBO) from its previous owners six year ago by five directors-Greg Pearce, Jane Yip, Ruth Jones, Ahmed Khan and Susan Marther. Ashstead and in the everything from brick of the butter and it 2005 when the initial decision was made to move the business model away from being a conglomerate. It was decision that lead to MBO to Chic Paints Limited.
5.1 In early April 2013, Jane Yip, who was that finance director of Chic Paint Limited left the company and was replace by Dave Whistler.
5.3 The purpose of the accounts department is to complete all activities relating to the production of the accounts including sales and purchase ledger and payroll. Due to some of the identified weakness there is management accounting activity or cash flow forecasting. An organization chart is included in appendix 1
5.4 The accounts department-key internal stakeholders
5.4.1 The accounts department consists of finance director who has responsibility for the general strategy of the company as a whole; he is in charge of all accounting, finance, and IT issues and personnel. Many of these day to day responsibilities are delegate to the Chief Account. He also produces the manual report, including its statutory accounts, deal …show more content…
Involves in supervising the work of the accounts clerks who run the transaction accounting system on the general ledger, She has number of staff reporting to her including the costing technician, payroll clerk, accounts payable, accounts receivable clerk ,credit controller, general ledger clerk and accounting system technician. She personally management accounts, bottom up annual production and co-odination, authorizes payment of invoices, make NIC and PAYE, managing day to day cash flow and ensuring the working cycle is kept to level set out by the finance
5.0 CPL was formerly part of the Ashstead Plc but was the subject of a management buyout (MBO) from its previous owners six year ago by five directors-Greg Pearce, Jane Yip, Ruth Jones, Ahmed Khan and Susan Marther. Ashstead and in the everything from brick of the butter and it 2005 when the initial decision was made to move the business model away from being a conglomerate. It was decision that lead to MBO to Chic Paints Limited.
5.1 In early April 2013, Jane Yip, who was that finance director of Chic Paint Limited left the company and was replace by Dave Whistler.
5.3 The purpose of the accounts department is to complete all activities relating to the production of the accounts including sales and purchase ledger and payroll. Due to some of the identified weakness there is management accounting activity or cash flow forecasting. An organization chart is included in appendix 1
5.4 The accounts department-key internal stakeholders
5.4.1 The accounts department consists of finance director who has responsibility for the general strategy of the company as a whole; he is in charge of all accounting, finance, and IT issues and personnel. Many of these day to day responsibilities are delegate to the Chief Account. He also produces the manual report, including its statutory accounts, deal …show more content…
Involves in supervising the work of the accounts clerks who run the transaction accounting system on the general ledger, She has number of staff reporting to her including the costing technician, payroll clerk, accounts payable, accounts receivable clerk ,credit controller, general ledger clerk and accounting system technician. She personally management accounts, bottom up annual production and co-odination, authorizes payment of invoices, make NIC and PAYE, managing day to day cash flow and ensuring the working cycle is kept to level set out by the finance