Cookridge carpets ltd essay

The organization would need the age debt report to improve the system on making debts and to make sure that the customers who do not pay the business on time are closely monitored in order to minimize the issue. It is investigated that Cookridge Carpets company uses the centralized accounting system.

Rota should be updated daily by the supervisor and sent electronically to the Wages Clerk. All doors are to be secure, especially the accounting department. It shows how a concern is funded and Cookridge carpets ltd essay the financess are being used.

Due to the lack of knowledge in this department there is a greater risk of mistakes being made, and because it is the accounts department some of these mistakes could end up being quite costly.

Cookridge Carpets Ltd Essay Sample

Backups could also be made on to external hard drives and these hard drives should be taken off site to ensure the information is not lost if something was to happen to the premises. Peter and John Cookridge- These are the owners of the Cookridge Carpets Company, as the owners of the company, their responsibilities is to make sure that the company pays tax according to the principle.

To gauge future pay packages on one hebdomads Rota is unacceptable pattern. Bank- This is the main stakeholder of Cookridge Carpets because it deals with the financial accounts of the company as the company is facing some overdraft challenges.

Cookridge Carpets- Aat Internal Control Accounting System Sample Essay

Any training would have a cost effect on the company, being the wages paid to the staff for the time to train them, however, as the accounts department are salaried, this will not have an effect on the companies overall outgoings.

The cover should also have a basic understanding of what to do and what is expected of them. Some blank cheques are pre-signed in case the brothers are off, as these are the only people that can sign cheques. Inventory records are kept on excel spreadsheets, these could be controlled better with the purchase of Sage Accounts Merely the Wages Clerk should be authorised to publish rewards.

Due to the lack of knowledge in this department there is a greater risk of mistakes being made, and because it is the accounts department some of these mistakes could end up being quite costly.

A swot analysis has been included as appendix 2 to identify weaknesses. Payroll is to be run in-house with the Sage Payroll software that has been loaded onto a new computer. Only 2 licenses will be needed to install on a network housing all for computers.

An imprest system should be put into practice with the petty cash tin. To make the information supplied to Sonja more reliable a suggestion could be a clocking in machine.

Payroll System within Cookridge Carpets Limited Sample Essay

The system needs to enable the undermentioned undertakings to be completed in a timely mode. The section is based on the first floor of the salesroom and is accessible via a staff and members of the public shared stairwell.

More essays like this: The histories office has a computer keyboard on the door. The company has a good repute with stakeholders and is he taking memory foam supplier in Southampton.

Aat Project Based on the Internal Control of Cookridge

It is recommended that the computer keyboard lock is used to procure the office. There is hardly any security relating to the secure storage of petty cash, wages and cheque books.

Anyone can find out this password and access files on the computers.

Cookridge Carpets- Aat Internal Control Accounting System Essay Sample

All pay packets should be checked by another competent member of staff in the accounting department. Companies House besides examine and store company information and do this information available to the populace.

This would not occur if there was some sort of formal petty cash system. The business would also benefit by using the income statement to show the owners of the company the income or revenue received received and the costs of the business.

Late payment law- This Act states that Cookridge Carpets company must distribute payments fairly among employees and must not delay any payments for that matter.Cookridge Carpets- Aat Internal Control Accounting System Essay Sample. 1) Terms of Reference. This project has been prepared to fulfill the criteria of Unit 10, managing systems and people in the accounting environment of Level 4 AAT.

Outline of Cookridge Carpets - Introduction Cookridge Carpets LTD is a carpet, soft furnishings and bed dealership in Southampton. It is a limited company and has been trading since It is a limited company and has been trading since Since Cookridge Carpets was established in the Company would so go on to fix histories and studies in the same mode.

4. 14Being a limited company Cookridge Carpets must maintain accounting records and file histories for each accounting period with Companies House. Nov 10,  · Cookridge Carpets AAT Case Study 4.

Cookridge Carpets- Aat Internal Control Accounting System Essay Sample

FINDINGS: ANALYSIS OF THE CURRENT ACCOUNTING SYSTEM Cookridge Carpets Ltd has been trading in carpets. Cookridge Carpets Ltd A report analysing the Internal Controls in place and evaluating the Accounting Systems.

I testify that the following report is my own unaided work. Cookridge Carpets LTD is a large carpet, soft furnishings and bed dealership in Southampton. It is a limited company and has been trading since It was set up by two brothers: Peter Cookridge and John Cookridge. The business has grown steadily since it has been established in In.

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Cookridge carpets ltd essay
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