Cookridge Carpets
A review of the Payroll System within Cookridge Carpets Limited
Prepared By:
AAR Registration Number:
Centre: Kaplan Financial, London
Words: 2,795 Contents Page
Content Page
1. Terms of Reference 3
2. Methodology 4
3. Executive Summary 5
4. Introduction 7
5. Review of Payroll System 10
6. Recommendations 11
7. Appendices 12 Appendix A - Mapping document: Principles of Internal Control (knowledge) PIC 13 Appendix B - Mapping document: Evaluating Accounting Systems (Skills) EAS 15 Appendix C – Bibliography 16 Appendix D - Cookridge Carpets Limited Organisation Chart 17 Appendix E - Cookridge Carpets Limited Accounts Department Organisation Chart 18 Appendix F - Fraud Matrix 19 Appendix G – Cost Benefit Analysis 20
1. Terms of Reference
1.1 This report has been complied to review the Association of Accounting Technician Internal Control and Accounting Systems Unit.
1.2 The report will review the payroll area and provide recommendations for Cookridge Carpets Limited.
1.3 The unit mapping document of Principles of Internal Control (knowledge) PIC is presented in Appendix A.
1.4 The unit mapping document of Evaluating Accounting Systems (skills) EAS is presented in Appendix B. 2. Methodology
2.1 In order to complete this report I initially reviewed the Internal Control and Accounting Systems (ICAS) assessment book for Cookridge Carpets Limited.
2.2 I completed the ICAS Report Plan to obtain further guidance from the tutor. Using the additional guidance I reviewed several websites and written material.
2.3 Further research was undertaken by using the internet and a number of books.
2.4 I used Companies House to obtain further information about statutory regulations and liability of limited companies.
2.5 Wikipedia was used to gain further data on financial statements and their purpose.
2.6 Her Majesty’s Revenue and Customs (HMRC)
Prepared By:
AAR Registration Number:
Centre: Kaplan Financial, London
Words: 2,795 Contents Page
Content Page
1. Terms of Reference 3
2. Methodology 4
3. Executive Summary 5
4. Introduction 7
5. Review of Payroll System 10
6. Recommendations 11
7. Appendices 12 Appendix A - Mapping document: Principles of Internal Control (knowledge) PIC 13 Appendix B - Mapping document: Evaluating Accounting Systems (Skills) EAS 15 Appendix C – Bibliography 16 Appendix D - Cookridge Carpets Limited Organisation Chart 17 Appendix E - Cookridge Carpets Limited Accounts Department Organisation Chart 18 Appendix F - Fraud Matrix 19 Appendix G – Cost Benefit Analysis 20
1. Terms of Reference
1.1 This report has been complied to review the Association of Accounting Technician Internal Control and Accounting Systems Unit.
1.2 The report will review the payroll area and provide recommendations for Cookridge Carpets Limited.
1.3 The unit mapping document of Principles of Internal Control (knowledge) PIC is presented in Appendix A.
1.4 The unit mapping document of Evaluating Accounting Systems (skills) EAS is presented in Appendix B. 2. Methodology
2.1 In order to complete this report I initially reviewed the Internal Control and Accounting Systems (ICAS) assessment book for Cookridge Carpets Limited.
2.2 I completed the ICAS Report Plan to obtain further guidance from the tutor. Using the additional guidance I reviewed several websites and written material.
2.3 Further research was undertaken by using the internet and a number of books.
2.4 I used Companies House to obtain further information about statutory regulations and liability of limited companies.
2.5 Wikipedia was used to gain further data on financial statements and their purpose.
2.6 Her Majesty’s Revenue and Customs (HMRC)