1 -Terms of Reference
2 –Methodology
3 - Executive Summary
4 – Background of the company
5 - The Accounting System & Internal controls
6 – Evaluation of the Accounting Systems
7 – Strengths & Weakness in the Accounting System
8 – Recommendations for Improving the cash handling, Payroll & Accounting Systems
9 – Cost benefit analysis
10 - Conclusion
11 - Appendices
1) Terms of Reference
1.1
This project has been prepared to fulfill the criteria of Unit 10, managing systems and people in the accounting environment of Level 4 AAT.
1.2
The objectives of this report are:
To identify the current weaknesses in the payroll and cash handling systems within Cookridge Carpets
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The main stakeholder is Peter Cookridge who invested £100,000 into the business.
The company has recently been asked to be the main dealer of Memo beds and at the moment they have no competitors in their area.
The business has started selling beds over the Internet.
The company mission statement for the company is:
“To provide an excellent level of service to all customers, whether they are spending £5.00 or £5000.00 –and to provide carpets beds and soft furnishings that make a house a home”
4.2
Cookridge Carpets like any business has external stakeholders, who have interests in the businesses performance and figures.
Examples are:
Customers, these rely on the good name of the business and the business performing well.
Local community, there could be potential for expansion and create jobs.
HMRC, as they will be paying tax and VAT
Suppliers, by placing orders they are keeping other businesses going.
Cookridge carpets will also have internal stakeholders, examples are:
Shareholders, these are the two brothers who started the business.
Employees, who rely on their jobs and expect to be paid each week for their services.
4.3
The core values within Cookridge carpets are:
• Respect for all
• To treat the customer as you would expect to be treated
• Commitment
• Accountability
• Passion for continuous improvement
• Professionalism
4.4
The main bulk of the company’s profits come from the sale of carpets. As well as being
| The customers would be influenced because if the company are financially struggling the customers are there only hope to stay profiting. If the company was to go bust it means customers will no longer be able to shop there. The customers would be an external stakeholder, they can get information by advertisements and even check their annual report on the businesses website.
The purpose of this assignment is to understand the range of different businesses and their ownership. I chose Sainsbury’s and Oxfam as they are businesses with different characteristics from each other, as I needed to choose one big company (such as PLC (public limited company) or LTD (private limited company)) and a small business (such as partnership, sole trader, non-for-profit business). In fact, Sainsbury’s is a supermarket and Oxfam a charity. This assignment will cover the purpose and ownership of the two businesses, the stakeholders of each business and how they affect the business.
with their return on investment, employees are paid and treated fairly, and customers are satisfied with the
SERVICE. We are committed to providing the best experience and enjoy positively interacting with everyone we meet. We genuinely care about every customer we see and do our best to find solutions to any problem that might come our way.
| Satisfaction is a primary factor in this sector, but not as concerned with excellence in customer service as the commercial sector. Rather than selling products to make profit they offer services to the community. The quality of and access to an organisation is usually guided by working to customer service charters. Making sure the services offered are satisfactory and beneficial to the community at the right price must be balanced.
-To consistently provide our customers with impeccable service by demonstrating warmth, graciousness, efficiency, knowledge, professionalism and integrity in our work.
Go to Course Home and review the Course Project tab. Continue to use the Course Project template from Doc Sharing. In this graded discussion, we will be examining the operation of the Accounting Information System (AIS) with the use of problems and exercises from your textbook. The goal is to cover all of the requirements to ensure an opportunity for your successful completion of the Course Project.
To be client-driven and maintain consistency in delivering the quality products and services in the most cost-effective
Critically examine the above statements by analysing the contribution of traditional management accounting techniques in an organisation, the necessity for modern management accounting techniques and the role of accountants in the implementation of the modern management accounting techniques in an organisation.
Accounting Information Systems The Crossroads of Accounting and IT by Donna Kay, Ali Ovlia Instructor’s Solutions Manual
ABSTRACT: It is challenging for students taking the introductory accounting information systems AIS course to envision how to apply the topics and concepts learned during the course in real-world situations. The motivation for this case study is to have groups of students apply the many topics and concepts learned in the first AIS course to a hypothetical real-world company situation, with particular emphasis on developing a proposed new and improved system for the
By the company reaching out to customers and working with them on how to repay the item purchase it generates a professional environment while still maintaining essentials of running a business.
Businesses are established with the sole reason to provide a product or service to a customer with the intend to make a profit. The amount of time, effort, and resources spend should generate a profit. Then, the profit depends “on its effectiveness in performing these activities efficiently, so that the amount that the customer is willing to pay of the products exceeds the cost of the activities in the value chain” (NetMBA.com).
Your customers judge your business by the people you hire to work for you. From the sales person behind the counter, to the cook in the kitchen, you must do your hiring with your customers in mind. In addition
‘To be an integral part of customer lives, by offering them a high quality shopping experience through great products at even better prices.’ (Vision)