Table of Contents 1. Terms of reference 2 2. Executive Summary 3 3. Methodology 4 4. Introduction 5 5. Analysis and Evaluation of the Current System 6 A. The record keeping system 6 B. The use of financial statements 6 C. Internal systems of control 7 D. Fraud 8 E. Practice 9 F. Training 9 G. Professional ethics 9 H. Sustainability 10 6. Weaknesses of the Accounting System 11 7. Recommendation 13 8. Cost Benefit Analysis 15 9. Appendices 16 1. Terms of reference 1.1 This report has been prepared
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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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Internal Control and Accounting Systems The following report covers the AAT ICAS unit. The report covers the area of credit control within the organisation and makes recommendations for its improvement. The report was researched through the internet‚ written information and trade journals as detailed in appendix. 1. Cookridge Carpets Ltd is involved in the sale of carpets‚ soft furnishings and beds. They are the main dealer for “Memo@memory” foam beds and mattresses in
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Controls and Fraud Finding weaknesses and making recommendations Report Plan Deadlines Report Guide Business English Other requirements page 3 6 9 12 5 6 7 8 9 15 21 23 33 34 1 Introduction and Assessment What is ICAS? The Internal Control and Accounting Systems (ICAS) unit requires students to write a 3500-4000 word report to show their knowledge of internal controls within a business and evaluating accounting systems. This unit is your opportunity to showcase the skills and knowledge you
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Accounts department in the business and review of accounting system Internal controls of accounting are an essential business function for a growth-oriented organization‚ and include the elements of risk assessment‚ information communications and even employees’ roles and responsibilities. Internal controls of accounting systems are designed to protect a company from fraud‚ abuse and inaccurate data recording and help organizations keep track of essential financial activities. Accounting techniques
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Introduction 1. Chic Paints is a large Limited company. Chic Paints is a limited company formerly part of Ashtead PLC. Ashtead PLC had been a long standing manufacturer of everything from bricks to butter. In 2005 Ashtead PLC decided that its future was no longer viable and therefore decided to change Its business model‚ over the next few years Ashtead PLC started to sell off or close down those of its subsidiaries that were no longer considered a strategic fit within the organisation. CPL was
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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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Objectives and Expected Performance Outcome of each part THE INSTITUTE OF CHARTERED ACCOUNTANTS (GHANA) Syllabus for ICAG Qualifying Examinations ACCRA 2009 Institute of Chartered Accountants‚ Ghana 1 Proposed Sylabus for ICAG Qualifying Examinations Contents Introduction Features and Inovations of the New Scheme Objectives and Expected Performance Outcomes of Each Part PART 1 1.1 1.2 1.3 1.4 Financial Accounting Fundermentals Business Management Economics Management Information
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Study Support Internal Control and Accounting Systems (ICAS) Disclaimer Study Support materials comprise non live assessments that were created for the 2003/2006 standards and do not resemble assessments designed for the AAT Accountancy Qualification (launched July 2010). There are some topic similarities between the 2003/2006 standards and the AAT Accounting Qualification (launched July 2010). Practice assessments‚ guidance and standards for the AAT Accountancy Qualification (launched July
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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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