You can then refer to your evidence documents by number from your mapping sheet. Information on the Accounts Personnel and Department There are several members ofstaffthat are employed by Chic Paints Ltd. Health and Safety regulations protect the employees from risks of accidents, fire. You must complete all areas marked with an asterix and submit this document along with your assessment evidence This document has been designed for electronic completion. The key to the success of a business is writing a business plan down first, when preparing to open a business, it emphases on the main areas… 691 Words 3 Pages Case Background Paint-Pen, Inc.
In Alison Schneiders essay, Frumpy or Chic? You can then refer to your evidence documents by number from your mapping sheet. The Fraud Matrix can be found in Appendix 2. Advantages and disadvantages of computerised smart classes in the. The mapping sheet contains spaces where you should map your evidence to the Assessment criteria. So many thoughts and feelings were going through my mind. There are five members ofstaffwhich report to Hazel.
Moreover, working in a company with strong financial position is a matter of pride for employees and they like to show it off to their acquaintances. Review of the accounting system 6. Customers need the financial position of the company to ensure that the company is a going concern and will continue its operations for future supply of paints to them. The accounting system uses MicrosoftExcel spreadsheets which includes an inventory control system. Therefore the ad hoc payment processed by cheque are delayed and suppliers are misinformed that the payment is in the post. Moreover, Chic Paints Limited is also bound by the nature of business and corporate culture in formulating its accounting systems and procedures. A full list of websites can be found in Appendix 3.
We all need to live life to our fullest capabilities. Suppliers may consider taking their business elsewhere. . A good term paper involves such factors as creativity, logical rigor, personal insights, substantiated opinions, critical analysis, and clarity of presentation. This would eliminate the reliance on spreadsheets ,journals from the payroll system and manual calculations. Chic Paints Ltd accounts system consists of eight computers, one for each full time employee.
Information security plan ought to be first line of defense Chapter 4 Key Performance Indicators- measures that are tied to business drivers. . Financial information required from suppliers would include information to enable them to determine whether to grant credit to Chic Paints Limited. The statements are produced for the interest of the Directors, Suppliers, Creditors, Government, Shareholders, Bank, Auditors, Staff and Consumers. The accounts ledgers were bought as a tailored system for the company to use with Microsoft Excel.
Review of the Accounting System. The accounts payable staff will enter invoices on the ledger that have been approved. Sales invoices are sent out on a weekly basis. The company also aims at using the best available technology for the manufacture of paints and other allied products. . The findings can be found in Appendix 4. All the Sage courses offered by Osborne Training can be completed within short period, which is ideal for people like me.
The assessor will be more than happy to assist you with that. Introduction to the Organisation 4. By realising the improvements and recommendations advised in this report,Chic Paints should see many positive influential changes to the whole accounting function. The company need to be. In July 2 possible replacements were found who are thought to have the necessary skills.
Accounting function of the company is mainly responsible for arranging the funds for the company to be utilised properly in various capital and revenue expenditure. It would also be a lot more cost effective to hold meetings in this way where possible. I just access the chic paints the beginning of April. The annual Financial statements include Statement of Financial Position, Statement of Profit or Loss, Statement of Changes in Equity and Statement of Cashflow. The main interests of each stakeholder are as follows: 4.