Inkwell Ltd
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 of the current accounting system
2.2 Weaknesses in the system
2.3 Recommendations and Cost Benefit Analysis
2.4 Business Report
2.5 References
3. Nature & Structure of Inkwell Ltd
3.1 Company History
3.2 Organization chart
3.3 Departments
3.4 Financial Health
4. Executive Summary 5. Description of the current accounting system 5.1 Personnel Department Information 5.2 Information Technology Systems 5.3 Information Technology Policy
6. Weaknesses and findings of the current system 6.1 Initial Weaknesses in the system 6.2 Inadequate Computer Technology 6.3 Untrained Staff 6.4 Security 6.5 Fraud 6.6 Human Resources Control 6.7 No Contingency Plan 6.8 Lack of Internal Control 6.9 Conclusion 7. Recommendations for improvement 7.1 Written Recommendations 7.2 New Technology 7.3 Training 7.4 Security 7.5 New Posts 7.6 Communication 8. Cost Benefit Analysis 8.1 Reasons 8.2 Up-to-date Office Technology 8.3 New Accounting Software 8.4 Training
9. Implementation and Review 9.1 Training courses
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 of the current accounting system
2.2 Weaknesses in the system
2.3 Recommendations and Cost Benefit Analysis
2.4 Business Report
2.5 References
3. Nature & Structure of Inkwell Ltd
3.1 Company History
3.2 Organization chart
3.3 Departments
3.4 Financial Health
4. Executive Summary 5. Description of the current accounting system 5.1 Personnel Department Information 5.2 Information Technology Systems 5.3 Information Technology Policy
6. Weaknesses and findings of the current system 6.1 Initial Weaknesses in the system 6.2 Inadequate Computer Technology 6.3 Untrained Staff 6.4 Security 6.5 Fraud 6.6 Human Resources Control 6.7 No Contingency Plan 6.8 Lack of Internal Control 6.9 Conclusion 7. Recommendations for improvement 7.1 Written Recommendations 7.2 New Technology 7.3 Training 7.4 Security 7.5 New Posts 7.6 Communication 8. Cost Benefit Analysis 8.1 Reasons 8.2 Up-to-date Office Technology 8.3 New Accounting Software 8.4 Training
9. Implementation and Review 9.1 Training courses