INKWELL LTD An investigation into the Accounts Receivable Ledger and The Internal Control System CONTENTS PAGE 1. Terms of Reference Page 3 2. Executive Statement Page 4 3. Methodology Page 6 4. Introduction to the Organisation Page 7 5. The Review of the current Accounting System Page 10 6. The weaknesses of the current Accounting Systems Page 25 7. Recommendations for improving the System Page 30 8. Appendices Page 35 1. TERMS OF REFERENCE 1.1
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5. The Accounting Department 1. Inkwell has a small finance team. The accounting department is based in the head office of the company‚ which is located in Birmingham. There are 8 people in the finance team. Each member of the team has their own computer. The team has access to the internet using Firefox and two printers integrated to each computer. 2. Inkwell has one Financial Director‚ Anil Gupta. Anil’s main job is to manage the overall financial position of the business‚ ensuring capital
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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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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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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 Association of Accounting Technicians 1 Contents • Simulation D1922 Case
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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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be used to look for areas of potential improvement in the business. Accounting information can give management insight into operational problems‚ financial trouble on the horizon and potential fraud or embezzlement in the company. It is important to note that information in the accounting system is only as good as the processes that add information to the system‚ so care should be taken with information that has not been processed with an adequate level of quality control. Internal controls are the
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to being domesticated and easily accessed and trained‚ have been used in hospitals‚ schools‚ prisons‚ and other settings for years in order to bring about a therapeutic change (Megan A. Souter & Michelle D. Miller‚ 2007). Animal-assisted therapy (AAT) is a type of therapy that uses trained animal interaction as a form of treatment to ameliorate an individuals physical‚ emotional‚ and social well-being. Interacting with an animal-whether playing with it‚ caring for it‚ or simply petting it- is believed
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Student mapping Mapping evidence to outcomes and criteria You can use a number of different types of evidence to demonstrate your competence‚ for example a letter from your employer or a witness testimony. Your training provider will be able to give you guidance so it is important that you discuss it with them. The mapping sheet contains spaces where you should map your evidence to the Assessment criteria. As you may be referring to an individual piece of evidence more than once in your
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environment Report writing guide for unit 10 Francesca Harper MAAT‚ recently completed her unit 10 project. “My biggest recommendation is to set yourself a deadline to complete your project. I did this‚ based on when I was taking my final AAT exams‚ and it gave me the drive to not let unit 10 linger. I had to give it one final push. After all‚ I’d worked so hard over the past two and a half years – why fall at the final hurdle?” Contents 4 5 6 7 8 9 10 11 Developing your skills through
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