Inkwell Ltd Essay

1486 Words6 Pages
" Contents page • 1. Introduction P.6 Analysis ofthe Accounting System & Recommendations P.9 Cost Benefit Analysis P.12 7. ... P.5 6. .. Executive Summary 5. Name: West Thames College (AH 0279) AAT Word count: PA 4. , Methodology 3. • P.3 2. Review & Recommendations for the Improvement of the Internal Controls and Accounting Systems of Inkwell Ltd Terms of Reference Appendix P.14 " 1.0 Terms of Reference 2.0 Methodology • 1.1 This project has been prepared in partial fulfilment of the module, internal control and accounting system of AAT Level 4 Diploma in Accounting. 1.2 This project looks at Inkwell Ltd's entire accounting system and identifies key areas of improvement, based on which recommendations have been made. 2.1 A review of Inkwell Ltd's current systems and procedures based on the case study. The company's history for the last six months has been also been studied and analysed. 2.2 Whilst reviewing the project scenario both primary and secondary sources have been used. 2.3 The main primary sources include: a) The observation of the running of the business during the last six months. b) Meetings with the assessor to receive feedback and further support to ensure timely completion of report. 2.4 Secondary sources include: a) A Kaplan textbook was used in order to gain a detailed understanding of the main external regulations. b) The project instruction manual issued by West Thames College, which was used as guidance, relating to the structure and layout of the report. c) Internet research has been used to give accurate costing's. ,. • -, • " 3.0 Executive Summary 4.0 Introduction 3.2 Preliminary findings show the accounts department Is struggling to operate efficiently due to understaffing

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