Review of Sandwich Master
Internal Control And Accounting Systems
An Overview of the Sales Ledger and Credit Control
Sandwich Master Ltd
Word Count:
I confirm that this is my own work unaided for ICAS and that no additional support has been provided. I have read and understood the terms and conditions.
Contents
1. Terms of Reference 3 2. Methodology 3 3. Executive Summary 3 4. Introduction 4 5. Review of Current Accounting Systems 4 6. Weakness 4 7. Recommendations for Improvements 4 8. Cost Benefit Analysis 4 9. Appendices 5 9.1. Project Proposal 5 9.2. Organization Chart 7 9.3. SWOT Analysis 8 9.4. Market Research 9 9.5. Fraud Matrix 9 9.6. Action Plan 9 9.7. Technical Notes 9 9.8. Mapping Document 10 9.9. Letter of Authenticity 13
1. Terms of Reference
1.1 This report will focus on the sales ledger and credit control of Sandwich Master Ltd. It will review the weaknesses including risk of fraud, internal policies, work allocation, training and some IT issues. It will also provide recommendations based on those weaknesses in order to improve internal process and ensure compliance with internal policies. 1.2 A cost benefit analysis will be presented to show the benefits that the actions recommended can bring to the business.
1.3 Appendices and references to a mapping document will help comprehension and provide background for the analysis on this report.
1.4 This report also aims to cover the requirements of the Internal Controls and Accounting Systems learning and assessments of AAT Level 4 Diploma in Accounting.
2. Methodology
2.1 For this report an analysis of Sandwich Master’s accounts department was made to identify its main problems and recommend actions for improvements. For this purpose a SWOT analysis and a fraud matrix were drawn. They will help to identify the weaknesses and potential frauds and therefore be a guide for the recommendations.
2.2 In the methodology of this report are also included
An Overview of the Sales Ledger and Credit Control
Sandwich Master Ltd
Word Count:
I confirm that this is my own work unaided for ICAS and that no additional support has been provided. I have read and understood the terms and conditions.
Contents
1. Terms of Reference 3 2. Methodology 3 3. Executive Summary 3 4. Introduction 4 5. Review of Current Accounting Systems 4 6. Weakness 4 7. Recommendations for Improvements 4 8. Cost Benefit Analysis 4 9. Appendices 5 9.1. Project Proposal 5 9.2. Organization Chart 7 9.3. SWOT Analysis 8 9.4. Market Research 9 9.5. Fraud Matrix 9 9.6. Action Plan 9 9.7. Technical Notes 9 9.8. Mapping Document 10 9.9. Letter of Authenticity 13
1. Terms of Reference
1.1 This report will focus on the sales ledger and credit control of Sandwich Master Ltd. It will review the weaknesses including risk of fraud, internal policies, work allocation, training and some IT issues. It will also provide recommendations based on those weaknesses in order to improve internal process and ensure compliance with internal policies. 1.2 A cost benefit analysis will be presented to show the benefits that the actions recommended can bring to the business.
1.3 Appendices and references to a mapping document will help comprehension and provide background for the analysis on this report.
1.4 This report also aims to cover the requirements of the Internal Controls and Accounting Systems learning and assessments of AAT Level 4 Diploma in Accounting.
2. Methodology
2.1 For this report an analysis of Sandwich Master’s accounts department was made to identify its main problems and recommend actions for improvements. For this purpose a SWOT analysis and a fraud matrix were drawn. They will help to identify the weaknesses and potential frauds and therefore be a guide for the recommendations.
2.2 In the methodology of this report are also included