Cookridge Carpets

An Investigation into the Accounting Operation of Cookridge Carpets

1. Methodology

1. After an overall look into the accounting system of Cookridge Carpets during the period from December 2009 to May 2010.It showed that there were a number of issues within the Accounts Department that needed to be reviewed.

2. A meeting was held with the owners and the accounts team to identify the current weaknesses, how to improve them and to find solutions to prevent fraud. Once these were agreed it was clear that a change in procedures were needed.

3. This report has been produced to show the main areas of weaknesses and recommend any improvements that Peter and John Cookridge may wish to implement into their business

Acknowledgments
Peter Cookridge (Owner)
John Cookridge (Owner)
Margaret Peterson (Accounts Clerk)
Stefan Kalinowski (Accounts Clerk)
Sonja Douglas (Wages Clerk)

An Investigation into the Accounting Operation of Cookridge Carpets

2. Executive Summary

1. After looking at the current accounting procedures in place at Cookridge Carpets it came to light that there were many issues that needed improvements. The main areas were: Training Systems used Petty Cash Organisation Security

3.2 The recommendations made to improve the current issues of the Accounts Department in Cookridge Carpets will help by ensuring fewer errors, better security and a more controlled working environment where the staff will feel more efficient in the day to day running of the business within the accounts team

An Investigation into the Accounting Operation of Cookridge Carpets

3. Organisation Background of Cookridge Carpets

1. Cookridge Carpets Limited is a carpet, soft