ICAS REPORT
By:
Paul Buzzart
Home Learning College Enrolment Number: EX1544475
AAT Membership Number: 10958120
Unique Learner Number:
Section Page
1. Terms of reference 3
2. Executive Summary 4
3. Methodology 5
4. Introduction 6
5. Analysis of Current Accounting System 11
6. Weaknesses Identified Within the Accounting System x
7. Recommendations for Improvements to the Accounting System x
8. Appendices 20
9. Managers Authenticity x
10. Matrix
1. Terms of reference
1.1.1 This report has been prepared to cover the requirements of the learning and assessment area Principles of Internal Control and Evaluating Accounting Systems at Level 4 of the Association of Accounting Technicians (AAT) Diploma in Accounting qualification.
1.1.2 This report forms an evaluation of the Accounting System of the Inkwell Limited.
1.1.3 The main purpose of the report is:
To evaluate the accounting system and procedures that are currently in place at IWL
To identify weaknesses within the system, suggest possible improvements and make recommendations for improvement.
To analyse cost benefit for suggested improvements.
2. Executive summary
3. Methodology
3.1.1 This report has been prepared using information provided by AAT case study text and study materials from Home Learning College.
3.1.2 Research for the recommendations has been made using internet. A list of websites used can be found in Appendix 1.
3.1.3 In developing the report support and assistance from my Home Learning College tutor was provided.
4. Introduction
4.1. Inkwell Ltd (IWL) was formed seven years ago. IWL is the medium-sized company that supplies a complete range of
Paul Buzzart
Home Learning College Enrolment Number: EX1544475
AAT Membership Number: 10958120
Unique Learner Number:
Section Page
1. Terms of reference 3
2. Executive Summary 4
3. Methodology 5
4. Introduction 6
5. Analysis of Current Accounting System 11
6. Weaknesses Identified Within the Accounting System x
7. Recommendations for Improvements to the Accounting System x
8. Appendices 20
9. Managers Authenticity x
10. Matrix
1. Terms of reference
1.1.1 This report has been prepared to cover the requirements of the learning and assessment area Principles of Internal Control and Evaluating Accounting Systems at Level 4 of the Association of Accounting Technicians (AAT) Diploma in Accounting qualification.
1.1.2 This report forms an evaluation of the Accounting System of the Inkwell Limited.
1.1.3 The main purpose of the report is:
To evaluate the accounting system and procedures that are currently in place at IWL
To identify weaknesses within the system, suggest possible improvements and make recommendations for improvement.
To analyse cost benefit for suggested improvements.
2. Executive summary
3. Methodology
3.1.1 This report has been prepared using information provided by AAT case study text and study materials from Home Learning College.
3.1.2 Research for the recommendations has been made using internet. A list of websites used can be found in Appendix 1.
3.1.3 In developing the report support and assistance from my Home Learning College tutor was provided.
4. Introduction
4.1. Inkwell Ltd (IWL) was formed seven years ago. IWL is the medium-sized company that supplies a complete range of