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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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 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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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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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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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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SUMMARY 5. METHODOLOGY 6. ORGANISATION BACKGROUND 7.1 Inkwell Limited (IWL) is an Limited Company in the private sector‚ which provides a complete range of remanufactured inkjet and laser toner cartridges. 7.2 The company was founded seven years ago by Paul Farnon & Victoria Dawson. Inkwell Lld head office is in based on an Industrial Estate in Birmingham‚ where the management and accounts department are based‚ the company’s online shop and the company’s large central
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STRATEGY AND BUSINESS PLAN 2013–2014 This Strategy and Business Plan covers the work of the full BRANZ Group‚ particularly the two main BRANZ business entities‚ namely BRANZ Incorporated and BRANZ Ltd. Refer to Appendix F for further detail of the BRANZ structure and roles. We publish a single plan recognising the value of doing so for industry‚ and where appropriate‚ we have highlighted the distinction between the two entities throughout this plan. CONTENTS Foreword ...........
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A WORKING REPORT ON THE IMPORT DEPARTMENT OF PRIME BANK LTD. by‚ Faujia Ferdousy Rahman ID: 0410074 An Internship Report Presented in Partial Fulfillment Of the Requirements for the Degree Bachelor of Business Administration (BBA) INDEPENDENT UNIVERSITY‚BANGLADESH April 30‚ 2009 A WORKING REPORT ON THE IMPORT DEPARTMENT OF PRIME BANK LTD. A WORKING REPORT ON THE IMPORT DEPARTMENT OF PRIME BANK LTD. by‚ Faujia Ferdousy Rahman ID: 0410074 has been approved April‚ 2009
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