AAT level 4 Internal Control & Accounting Systems – Project Contents: 1 Terms of Reference 2 Executive Summary 3 Methodology 4 Outline of Cookridge Carpets 5 Weakness of Current Accounting systems 6 Recommendations 7 Cost Benefit Analysis 8 Appendices: SWOT analysis Company structure 1. Terms of Reference This project has been prepared to fulfill the criteria of Unit 10‚ Managing systems and people in the accounting environment
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Introduction 1. Chic Paints is a large Limited company. Chic Paints is a limited company formerly part of Ashtead PLC. Ashtead PLC had been a long standing manufacturer of everything from bricks to butter. In 2005 Ashtead PLC decided that its future was no longer viable and therefore decided to change Its business model‚ over the next few years Ashtead PLC started to sell off or close down those of its subsidiaries that were no longer considered a strategic fit within the organisation. CPL was
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increased the amount of internal controls for public companies. While internal controls are specific to a company and their business operations‚ a few basic controls are common among businesses. Keeping track of accounting records and financial reports is an important element of business operations for both for-profit and non-profit organizations. Setting up internal controls of accounting systems can help ensure all government regulations are met and company policies are followed consistently.
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Nature and structure of Inkwell Limited Inkjet supplies a complete range of re-manufactured Inkjet and toner cartridges that are compatible with all major printers. The company has a head office in Birmingham‚ where its management and accounts team are both located. It sells its products through a nationwide chain of high street shops or from their 24/7 online shop. The company was formed seven years ago by two of the three controlling shareholders The current shareholding percentages
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ICAS Report Plan Name: Joe Bloggs Email address: Phone number: Description of organisation Briefly describe what the organisation does and what department you will be reviewing. Cookridge Carpets Ltd is a large carpet‚ soft furnishings and bed dealership. They are the main dealership for Memo@memory foam beds and mattresses in the area of Southampton. The payroll department will be the department to be reviewed. What financial statements does your organisation produce
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Accounting Systems (ICAS) Disclaimer Study Support materials comprise non live assessments that were created for the 2003/2006 standards and do not resemble assessments designed for the AAT Accountancy Qualification (launched July 2010). There are some topic similarities between the 2003/2006 standards and the AAT Accounting Qualification (launched July 2010). Practice assessments‚ guidance and standards for the AAT Accountancy Qualification (launched July 2010) can be found on the AAT website. The
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Introduction to the business Listers Group Listers Group is the largest privately owned motor group in England‚ operating over 40 dealerships representing the world’s major quality motor brands. Acting as franchise partners for Audi‚ BMW‚ Honda‚ Mercedes-Benz‚ Mini‚ Smart‚ Toyota‚ Volkswagen cars and commercials‚ Lexus and Land Rover‚ Listers group offers excellence In the sale of new and approved used cars and vans‚ servicing and parts‚ and have won a number of national awards
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1.0 Terms of Reference This report has been prepared as part of the requirement of AAT 4 (The Technician Stage of the Association of Language Technicians) namely Internal Control and Accounting Systems. The report is an analysis of the issues facing Cook ridge Carpets Ltd and in particular the accounts department. Included in the report are factors that affect the efficiency of the accounts department: Management‚ operational deficiencies‚ structure‚ training needs and requirement for developments
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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
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Appendices 1) Terms of Reference 1.1 This project has been prepared to fulfill the criteria of Unit 10‚ managing systems and people in the accounting environment of Level 4 AAT. 1.2 The objectives of this report are: To identify the current weaknesses in the payroll and cash handling systems within Cookridge Carpets ltd‚ and to help to prevent fraud from within the business To suggest an implementation of new systems that will help to reduce errors and fraudulent activity with in the
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