Aat Level 4 Help Essays

1781 WordsOct 7, 20128 Pages
A review of the sales ledger processes of ABC Limited. An investigation into the purchase ledger system of XYZ and partners. Recommendations to improve the payroll system of QC Charity. My advice to you would be to read the scenario over and over again, you will find things that start to stand out, simple little things, like for example the lack of control over Petty Cash which leaves the company open to Theft and Fraud, make notes, set out your report in rough form, you can mess around with things until they start to make sense. Don’t make your paragraphs too long, and make sure every paragraph has a number. try to imagine describing it to a complete outsider. How you currently get from A to B?, is it achieving what it should…show more content…
What are the weaknesses in the above scenario? What are the implications of the above? Recommendations Costs and benefits How would you support the staff through the change? The director has taken the last five days of the month off to attend a golfing tournament he has been invited to by a supplier. However, this was a last minute invitation – and he only informed the accounts staff by telephone as he was on his way to the airport. He knew that he would need to pay suppliers during this time, and also staff wages – so he went to the office at 6am and signed a cheque book full of blank cheques to cover this. He has taken his spare keys with him so was surprised when he discovered the part time accounts clerk’s desk drawers unlocked. On the last Friday of the month, the accounts clerk called into the office to pick up her salary cheque. As no one was about, and she knew that the wages clerk had prepared these earlier in the week, she helped herself to this from the wages clerk’s desk drawer What are the weaknesses in the above scenario? What are the implications of the above? Recommendations Costs and benefits How would you support the staff through the change? ACCOUNTS RECEIVABLE of XYZ (SALES LEDGER) Gary is responsible for the running of this
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