Implement and Maintain Internal Control Procedures

6/5/2013
Implement & Maintain Internal Control Procedures |

Table of Contents 1. Introduction…………………………………………………………………………….2 2. Procedure Description: * The Payroll System………………………………………………………….4 * The Cash Receipts…………………………………………………………..7 3. Flow Charts * The Pay Roll System Flow Chart………………………………………6 * The Cash Receipts Flow Chart……………………………………….11 4. Comments and Recommendations for Improvement…………….12 5. Corporate Governance & Social Responsibility………………………13 6. Accounting System in Use……………………………………………………..13 7. Accounting Standards……………………………………………………………16 8. Internal Control Principles……………………………………………….…….18 9. Australian Securities & Investment Commission (ASIC).…………19 10. Australian Taxation Office (ATO)………………………………………….20 11. Risk Management…………………………………………………………………20 12. Health and Safety………………………………………………………………….22 13. Ethics…………………………………………………………………………………….23 14. Conclusion…………………………………………………………………………….31 15. Bibliography………………………………………………………………………….32

Introduction
Dome Café at Perth Domestic Airport is a franchise cafe owned by Delaware North. It is located in the Arrivals Area of Virgin Domestic. Dome Café is a classic European themed, casual dining café which serves food and beverage such as coffee, tea, cold drinks, sandwiches, fish and chips, cakes and pastries. The operational hours of Dome at the airport starts at 04.45 am until 12.00 midnight.

The first Dome Café opened in Cottesloe, Western Australia in 1993. Today, there are over 100 Dome Cafes in 6 six countries. Dome café at Perth Domestic Airport is one of them. This Dome Cafe in this report is a franchise owned by Delaware North which also runs other food business outlets at the Perth airport. Because of that, some policies and procedures are based on Dome Café as a franchise as