icas level 4

5104 WordsSep 20, 201321 Pages
Investigating and improving the accounting functions of Inkwell ltd This report was submitted for assessment of the AAT learning and assessment area: “Internal Control and Accounting System”. Submitted by: Samira Williamson AAT student membership number: 10350450 Date: 30/03/2013 2. List of Contents 1. Title page................................................................................................................ Page.1. 2. List of Contents…………..............................................................................................Page.2. 3. Terms of reference................................................................................................... Page.3. 4. Introduction…show more content…
5. Methodology 5.1 It has become apparent that there is an issue with the existing companies’ operating systems, the Finance Director of Inkwell Ltd, Anil Gupta, is aware of the problems occurring within the company, particularly those with regard to the accounting system. He has therefore instructed that a review takes place of the current systems and that subsequently a report is delivered making any recommendations necessary to strengthen the processes. 5.2 Following the identification of the inherent weaknesses the report is required to make any recommendations or suggestion to enhance the reliability of the information and security of the accounts department. The Finance Director will be able to make the appropriate amendments to the present accounting systems. 5.3 References: 5.3.1 Osborne books 5.3.2 AAT Website 5.3.3 www.hmrc.gov.uk 5.3.4 www.businessdictionary.com 5.4 Acknowledgements: 5.4.1 Thanks to my AAT tutors Paul Robinson and John McFarlane for their support 6 Nature and structure of Inkwell Limited company. 6.1 Inkwell is a limited Company it was established seven years ago by two of
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