Cookridge Carpet

AAT |
ICAS UNIT LEVEL 4 DIPLOMA |
A REVIEW OF THE RECEIVABLE LEDGER SYSTEM |
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Name:   Aisha Habib Lali
Reg no.: 10185325
Centre: Kaplan Financial Leicester BH0477
Word count: 3466

Signed: Date:


CONTENTS

Section |           Page |
      1                                         Terms of Reference | 3 |
      2                                           Methodology | 4 |
      3                                           Executive Summary | 5 |
      4                                           Introduction | 6 |
      5                                           Review of Sales Accounting System | 9 |
      6                                           Recommendations       7                                           Appendices                                                                                               | 13 |
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1:TERMS OF REFERENCE | |
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1:1 This report covers internal control and accounting systems AAT ICAS Unit

1:2 The report covers the need to make improvements on the accounting system particularly the effectiveness of its internal controls.

2: METHODOLOGY

2:1 In order to review the systems and make recommendations, it was very important to know the company and how the current way of operations was developed such as each employee’s work and their roles within the company.

2:2 To ensure this report is carried out systematically and efficiently interviews were conducted with accounts department staffs.

2:3 The accounts department was observed for a period of four weeks.

3: EXECUTIVE SUMMARY

3:1 This report provide an overview of an accounting system and the internal control of Cookridge ltd. Results of the review shows that the company’s internal control in particular, accounts department is very weak.

3:2 The major area of weakness requires further investigation and...