Project

AN ANALYSIS OF THE ACCOUNTING SYSTEM OF COOKRIDGE CARPETS LTD (CCL) WITH RECOMMENDATION FOR IMPROVING ITS INTERNAL CONTROL

Submitted by:
AAT student membership number:
Date: July 2012
This report is submitted for assessment of the AAT Learning and Assessment Area ‘Internal control and Accounting System.’

LIST OF CONTENTS Title Page Number
1. Terms of reference 3
2. Executive summary 4
3. Methodology 5
4. Introduction 6
5. Analysis of the current system 8
6. Weaknesses and Finding of the current system 10
7. Recommendations for improvement 16 8. Implementation and Review 23
9. Appendices 24
10. Referencing document 24

1. TERMS OF REFERENECE:

1.1 This project has been prepared to cover the requirements of AAT Learning and Assessment Area ‘Internal control and accounting system’.

1.2 The objectives of this report are to: * Review the accounting system of Cookridge Carpets in order to identify areas of weakness. * Analyse the effectiveness of its internal control. * Make recommendation for improving the accounting system.

2. EXECUTIVE SUMMARY
2.1 To summarise:
After research and investigating in Cookridge carpets limited it was considered that the best