Nature And Structure of Inkwell Ltd 5. Description of Current Accounting Systems 6. Weakness and Findings of Current Accounting System 7. Fraud 8. Recommendations 9. Cost Benefit Analysis 10. Appendices Terms of Reference 1.1 This report has been prepared to cover the requirements of AAT learning assessment are internal controls and accounting systems 1.2 This report investigates the accounting system in place within Inkwell Ltd with regards to making recommendations
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3.1. The weaknesses identifying in Inkwell Ltd are that one person operates the payroll system. Payroll and Personnel Database Clerk does not have enough experience and had only one day training to operate Sage. Employee is responsible for running two payrolls‚ a monthly payroll for management and salaries staff‚ and a weekly payroll for hourly paid staff. Recommendations to avoid errors and potential fraud are to appoint another person to overview and check the work. Another option is to employ
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A Report into Accounting systems of Inkwell Ltd & recommendations for Improvement. Contents 1. Terms Of Reference 2. Executive Summary 3. Methodology 4. Introduction 5. Findings and Recommendations 6. Cost and Benefit analysis 7. Appendices Terms of Reference 1.1 This project has been prepared to cover the requirements of the Internal Control and Accounting Systems unit‚ for the Level 4 Stage for the Association of Accounting Technicians. 1.2 The report identifies
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INKWELL LIMITED An evaluation of the internal controls and an investigation of the accounting system at Inkwell Limited. Student Name: Paul Michael Bantusitse AAT Number: 10416343 I testify that the following report is my own unaided work and a true reflection of the organization. Signed: Dated: Table of Contents 1. TERMS OF REFERENCE 3 2. EXECUTIVE SUMMARY 3 3. METHODOLOGY 3 4. INTRODUCTION TO THE
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Inkwell Ltd THE REVIEW OF THE ACCOUNTING SYSTEM AND THE EFFECTIVENESS OF THE INTERNAL CONTROL FOR INKWELL LIMITED COMPANY. Submitted by: AAT studend membership number: Date: January 2013 This report is submitted for assessment of competence in AAT Learning and Assessment Area ‘Internal control and accounting systems’. LIST OF CONTENTS 1. Terms of Reference 1.1 Association of Accounting Technician 1.2 Report Objectives 2. Methodology 2.1 Analysis
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Report Planning Assessment Deadlines *Important terms are highlighted throughout the notes. Further explanation of these terms can be found in the terminology section 2 3 1. Introduction and Assessment What is ICAS? 1.1. Internal Control and Accounting Systems (ICAS) requires you to write a 3500-4000 word report to show your knowledge of internal controls and the evaluation and analysis of accounting systems. 1.2. You have a maximum of six months to complete this unit and there are
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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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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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Inkwell The company supplies a complete range of re-manufactured printer cartridges and laser tonne cartridges. The company sales its products through a nationwide chain of over 60 high streets shops and by on line shop 24/7. Most sales are retail sales (cash sales) but some of larger trade customers buy from central warehouse on credit terms (30 to 60 days) and get bulk discount based on value of their purchases each quarter. The company has been established in November 2003 in Birmingham by
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