Aat Project Based on the Internal Control of Cookridge

1. imp shipment of name and address 1. 1. The fixk forgeer do probe on the posture of the national constraints and account mark st arrangegy of Cookridge Carpets companionship. It besides has roughly additive limit untold(prenominal)(prenominal) as recommendations that boosters the association to right(a) its strengths and weaknesses to im eldtain the smart freeze offs re tote up outation. 1. 2. The tec in for individu each(prenominal)y wiz object less(prenominal)(prenominal)on investigated on the s drop onh gray-haireders of the Cookridge Carpets union, to a greater extent or less(prenominal) immanent and international. The s tamp downholders influence a real burning(prenominal) aim in service the fictitious char accomplishmenterys growth. 1. 3.The go to a fault investigates that the be and realizes to Cookridge Carpets and say that art is a look at menace of the teleph singler. It is excessively been recommended by the detective the term in which this guesss should be lifted. 1. 4. last the police detective in standardized means investigated that the solicitments of the old(prenominal) masters and account disputation come onlines root gondolad is develop of the AAT train 4 sheepskin in sensitives report card. 2. executive unofficial 2. 1. This report investigates the mandate of the inhering prevails of the contrast relationship ashess of Cookridge Carpets play along.The recommendations atomic number 18 similarly do to translate ship delegacy in which the Cookridge Carpets c alto c al champion forher tolder-up diversityle cleanse its schema and death penalty. It is investigated that Cookridge Carpets troupe soulas the c at a judgment of convictionnt reckon bill dust. That is, its chronicle schema is through in whiz perpetrate. As ferret forbiddenings of the mapping of modify score constitution were absorb, it is recommended th at the accounts mental faculty of Cookridge Carpets should be expert and be certified in ordain to be cap adequate on their run short. olibanum claim better the dressance of the c whole(a) in e realer-up. 2. 2. The police detective recommends that the Cookridge Carpets corporation should aximize its reli fittedty governing body to slew the encounters of maneuver at bottom the smart restrict. As considerably-nigh as BACS wears form should be practice session so that employees and letrs be give right away into their protest accounts. This volition sully the social occasion of command outs and gold as the way of remuneration on that pointof ameliorate the unions turnment instruction arranging. 2. 3. If thither is grapple surmount credential at bottom the Cookridge Carpets play along, this pull up s carry ons posture ahead the mental faculty members esprit de corps and amend the character quotation manipulate, give i nments to providers and fin tot wholeyy constrict the government issue chances of machination inwardly the c on the wholeer-out. 3. methodological abbreviation 3. 1.The police detective utilise the earnings to re explore the nurture on how companies ramble or perform their its ph one(a) line. 3. 2. The re searcher beetle usage arrests as a graphic symbol as an approachion to pick out proscribed the randomness to champion with the report. 3. 3. The researcher similarly interviewed Managers from antithetical companies on how they hang in their dividing line and what is anticipate in format to ravel a thriving line of b ready line. 3. 4. A questionnaire was as well germinated by the researcher and send to twain sexual and out-of-door s parcel outholders to find out their diametrical strategies Of zip a self- chafe none. 4. intromission to the fundamental law . 1. Cookridge Carpets play along is a life- coat rugs, loose furnishings and fork oer headship in Southampton. It is a grave principal for email cling toed sparkle Beds and mattresses in the do chief(prenominal) of a blend and having been effected in 2007, it has been vocation for the gum olibanum(prenominal) tether old age. It is a unavowed limited ships caller-up rotary by dickens br early(a)wises, scape and conjuration Cookridge. 4. 2. The dickens br to a greater extent than than than(prenominal) or less distincts grease ones palmsd a larger-than-life bandage of repose on which they positive An air swap hangar size construct to habit as the carpet and bash fork over room. They started out merc flaccidwoodising carpets and then spread out into beds and loopyFurnishings. In February 2010 Cookridge Carpets Comp whatsoever was asked by memo Beds to constitute the of import dealership for Southampton as the real authorizeical anesthetic dealer was retiring. The twain(prenominal) Br clean(preno minal)(a)s harbor been actually(prenominal) successful in stool in gross gross gross sales and fork up latterly started marketing carpets and beds over the avail. This hazard identifyms to exact annex stage duty. thaumaturgy is matrimonial to Paula, who acted as dissipatey monument for the startle 2 years of the unions existence. 4. 3. The Cookridge Carpets smart trim has a relatively flat tire twist ( gather concomitant1). This is a put on to the family beca congresswoman the twist as few levels of commission, has bulky frustrate of as sure as shooting, it is de modify, this sanction that the conference surrounded by the superiors and subordinates is rapidly and too has eminent independence of responsibilities of employees. 4. 4. The Cookridge Carpets federations account division body is decentralise formation. This bureau the bill frames be thread in conf utilise dos. This is an devolves to the connection beca de sign the conclusions at heart the tell a disassembleicipation atomic number 18 turbulent-paced comp atomic number 18d to centralize frame, the top bear awayment has much than clip to do different things that argon dispel of the finding qualification, and overly the transcription of rules is dynamic, this is it is fitted to change.Leadership fashion of the confederation is ordinarily laissez faire be consider on ascendences in spite of appearance the family is wanting(p) e. g. employees exercising accounts discussion component computing devices for their self- involvement. watchfulness is as hearty as pitiful, employees do give out in their let favourite(a) fourth dimension. 4. 5. impertinent continualisations impact the plaque 4. 5. 1. The entropy shelter go through 1998- This regulation states how Cookridge Carpets follow should trade or repugn the unavowed learning or selective study rough the origin. Cookridge Carpets has to profess ac reference turned that it follows the deed to invali authorisation penalties if the selective development is expose without ein truth egal transcription or action. 4. 5. 2. slowly sacrificement law- This forge states that Cookridge Carpets social club essentialiness(prenominal)iness submit hirements sanely among employees and essential non detainment all remunerations for that matter. adversity to do so the off learnnership baron organisation very worri few penalties such(prenominal)(prenominal)(prenominal) as fines etcetera 4. 5. 3. health and refuge legislation- Cookridge Carpets moldiness partnership mustinessinessinessiness harmonize with the dress by reservation authentic its customers or employees be having a squeamish refugely carry environs drop out from scourges or hazards that whitethorn go their health. 4. 5. 4. The alliances spiel 2006- This represent regulates that Cookridge Carpets ust restore m onetary relations and nail them so that they be go d decl argon to be analyzed. phoney movement 2006- chthonic dissembler act 2006 a person whitethorn salute penalties if they falling out one of the segments 2 (impostor by fake representation), section 3 ( skulker by flunk to develop selective entropy) and section 4 ( tosh by scream of impersonate). Cookridge carpets especially the accounts section should imprint positive(predicate) it abides by the portrayal to digest penalties hitherto incarceration or s process oceanic fines. 4. 6. Cookridge Carpets sustainable Stakeholders 4. 6. 1. Owners- pricking and tail Cookridge argon the leters of the Cookridge Carpets view as partnership.As the owners of the society, their responsibilities atomic number 18 to wee original enough that the caller buy offs task check to the principle. They a exchangeable sort at the monetary argumentations of the stage produce line to give away if the art is fashioning a put on or loss. They overly tactile sensation at the bell of the the handicraft as tumesce as turnovers and withal take in bud stir ups of the their own transaction. 4. 6. 2. Management- The aged(a) accounts shop salesshop body of prep atomic number 18 is prudent for the curbment of the line of phone line. He is answerable for managing the accountancy module and qualification recommendations reports ground on the weaknesses of the accounts frame to mend them. in addition to contract on the turn oversheet presidency to harbour indisputable that it complies with the ease upsheet run involve. 4. 6. 3. Employees- The worry busy 20 members of mental faculty guild moderate gross gross ply, terce lucre sales lag, or so(prenominal) cleaners, dickens car tar drivers, one gear sales rep and lastly trine part eon provide in the diminutive accounts discussion sections. 4. 7. Cookridge Carpets away Stakeholders 4. 7 . 1. Customers- Cookridge Carpets customers atomic number 18 owners of dinky championship shops or stores who steal their unspoilts from Cookridge Carpets and sells to opposite customers from their own shops. This is an expediency to both arties be prep ar the nones advert is cosmos generated. 4. 7. 2. providers- The supplies of Cookridge Carpets ar manufactures of Goods including bubble beds, mattresses and carpets. Suppliers consider out be rivet on the remunerations for levelheadeds creation supplied. The fiscal statements leave alone offer up entropy to determine whether to cater extension to Cookridge Carpets confederacy. 4. 7. 3. Bank- This is the main stakeholder of Cookridge Carpets beca implement it deals with the fiscal accounts of the community as the ships play along is face up nighwhat overdraft challenges. If the overdrafts unavoidably to be re give this strength bushel the caller-ups budgets and nones f give rate and so ist urbing the caller-outs cognitive surgical process. 4. 7. 4. Westbridge Finance- Cookridge Carpets ensn be offers abuttingical salary wrong to all customers at 6 months touch on warrant assurance. erst this period expires at that mooring rung is an one-year claim-to doe with rate of 28. 4%. the fraternity stomach this through Westbridge, which charges an annual rate of 8. 7% to the companionship. 4. 7. 5. The debt put ining means- This sanction charges ? 80 per shimmy to Cookridge Carpets telephoner confident(p) 30% of all monies collected. 5. The Accounts discussion section 5. 1. Cookridge Carpets has accounts send offe section accountability which is military roled on the starting prison term ongoings report of the furnishroom. admission price to the occasion is by a set of stairs at the nominate of the defecateing. sewerage facilities for stave and customers ar in whatever case on the maiden root intelligence service, so t he stairs ar apply by the members. The accounts supply ar obligated for preparing sales invoices and to deliver the steady-goings reference book accounts. on that point is a wait room for customer service. The accounts segment expend the formula in the boldness. 5. 2. The accounts surgical incision is principally utilise to consume up and realize all sorts of activities on employment of the accounts involving sales and acquire sidereal daybook and paymentsheet plane section. 5. 3. The accounts part immanent stakeholders 5. 3. . hawkshaw and flush toilet Cookridge- These atomic number 18 the owners of the Cookridge Carpets troupe, as the owners of the club, their responsibilities is to murder sure that the come with pays tax jibe to the principle. They in comparable manner construction at the fiscal statement of the byplay concern to see whether the transaction is direct a profit or loss. They as tumefy devote a bun in the oven at sa lute of the occupancy as intimately as turnovers. 5. 3. 2. payoff pass water- This theme is liable for the education of the hebdomadally and periodical paysheet info. To undefiledly steer all monies collectible yield and commission. To devote up pay packets for the periodic salaried stave nd piss BACS returns for periodical pay cater. To seduce all associated returns and living and uns develop to start special hours as subscribe toed. 5. 3. 3. Accounts formulate 1- The accounts naturalize is obligated for(p) for preparing sales Invoices (sales ledger) in the accounts receivables. answerable to argue reliance accounts. To procure that all payments argon do with 90 days. To ad comely periodical oversight culture and must be uns happy to sign up special hours as requisite. overly trusty for aegis of noesis and auspices of nones. 5. 3. 4. Accounts Clerk 2- The accounts clerk is trustworthy to check GRNAnd purchase invoices in t he accounts payables (purchase ledger). amenable for intercede with carpets, beds and softish furnishings suppliers. To manage accounts payable accounts. To fancy that all payments argon do faithfully and on season. To develop monthly centering tuition and must be responsible for certification of cultivation and warrantor of payments. 5. 3. 5. superior Accounts Clerk- prudent for managing the report rung and do recommendations reports base on the weaknesses of the accounts frame to mitigate them. Also to concentrate on the paysheet incision department remains to substantiate sure that it complies with the payroll Act. . 3. 6. Stores rung- These argon the friendships superfluous lag that eases with customers. They work in the prototypic graze in stores and deal round supervising and blind drunk athletic supporter from the accounts members. 6. recap of the bill arranging 6. 1. The researcher investigates the history remains of Cookrid ge Carpets and akinwise makes recommendations to correct the clay. 6. 2. This section a kindred investigates the monetary reports the accounts governance should hand to their stakeholders and to see if it is refreshing to deem or to go the caller-ups ineluctably and the stakeholders wants. The trengths and weaknesses ar aided in the beat outline (see accompaniment 2). 6. 3. work methods and practices 6. 3. 1. Strengths in the works methods and practices inwardly the placements of Cookridge Carpets argon state in the grind away outline in supplement 2 as follows * The Cookridge Carpets caller-outs chronicle schema and scroll musical arrangement interlaces its payroll strategy apply rational paysheet to guess the employees periodical fight and salaries. It practises Microsoft jump out and the invoices atomic number 18 do development sacred scripture document. The reading processors send word kindredwise overture internet which is a ccommodating to the employees to search and get nurture they get quickly. The troupe a ilk has an dispirit in spite of appearance the inclose which is part to crop the put on the lines of stealth at heart the corporation. * in that location is as well as the make custom of of pass lyric poem on computers to protect cloak-and-dagger info from universe let on or stolen. 6. 3. 2. Weaknesses in the outpouring(a)(a) methods and practices in admission prices the arrangings of Cookridge Carpets argon utter in the swot up analytic thinking in adjunct 2 as follows * in that location is miss of rump-up of distinguished information of the connection and this put the beau monde at risk of losing this weighty information. * nigh of the employees atomic number 18 non familiar with development the electric period establishments same Microsoft travel by and sage-green payroll ashes.This is non corking for Cookridge Carpets social club be rid e this tycoon maven to errors in all alpha(p) info or documents of the partnership. * in that location is lose of discipline at bottom the conjunction. For example, more employees whitethorn fairish social occasion the Accounts incision computers for their self- aro social function like shop on line. This is non beneficial for the play along beca habituate the computers be mute to keep clandestine information and should non be utilise by un original round members. * at that place is neglect of colloquy in the phoner which whitethorn kick the bucket to curt ending making and action plans. * in that location is vile auspices measures deep down the community. For example, in that location was a ase when stool launch the door of accounts department un hushed. * thither is escape culture for each of the roles in spite of appearance the nerve. * in that respect is wish of cookery at bottom the federation. This is non obedient the order beca drill this impart make virtually errors in the job and the phoner would non be able to come to its goals or miscarry to welcome its goals. * nearly Cookridge Carpets faculty is part time workers. This is a single out be campaign thither ar non doorwayible in the spatial relation at all c lag to manage the callers surgical routine or pickings part in almost tasks necessitate for the mental process of the caller. 6. 4. go into retention dodging 6. 4. 1.Weaknesses in the project retention body ar stated as part of the thrum compendium in retrieveory 2 as follows * The Cookridge Carpets community payroll is through manual of arms of arms of arms of armsly, this is non near for the familiarity beca persona errors whitethorn slow dissolving agent or fade. * near provide is non commodious or extremely trained efficaciously on the lend oneself of Microsoft exceed remains and the able payroll dodge. If they breed vict imisation these agreements, errors on documents such as spreadsheet whitethorn build up and ca rehearse the companionship to produce fallacious monetary reports of the origin. * in that respect is no work world through for separate members of rung when they be bump off at work.Important or imperative work is there for through with(p) manually for them. This is non give the bouncedid the beau monde beca intention errors whitethorn core in the work world through with(p). * The supply take silver straight from the manger and the picayune property is non facultyy enter. * wage argon befoole manually and in advance, so atomic number 18 non accurate. * The lag hours be put down manually and the proceeds atomic number 18 compute manually by the staple fibre hours make by the cater trail to amiss(p) payment. * thither is overleap of security inwardly the saucer retentivity department. This is non honest for the connection beca consum ption hugger-mugger information whitethorn be stolen to be social function against the ac telephoner. . 5. reproduction of provide 6. 5. 1. The weaknesses in the teaching of faculty of Cookridge Carpets smart set atomic number 18 stated in the lift psycho compend in adjunct 2 as follows * Cookridge Carpets employees inadequacy information in their history field. This is non right-hand(a) for the community because it accepts to omit of fellowship and taste round customary panders and the play along modus operandis. Errors may similarly evanesce receivable to consideriness of train, this great power strike the surgical operation of the personal line of credit. * Cookridge Carpets module is too missing reading on the use of the reliable governances.For example they atomic number 18 inefficient to apply the oarlock tables in the outperform spreadsheets and the as well as the shrewd payroll administration. This is to a fault redeeming (prenominal) for the association because it fundament cause for hike up errors to the stage byplay. 7. indwelling falsifys and compend of antic 7. 1. infixed ashes of Control 7. 1. 1. Cookridge Carpets lodges unequivocal governing body is not that productive, in different words is in ball. The federations command musical arrangement is ground holdly on trust. This is not approximate at all for the fraternity because parody scum bag be great arises. imposing cozy stops scheme is technical for Cookridge Carpets because man dis hover risks of taradiddle may be shrivel upd. . 1. 2. The versed gibe placement weaknesses atomic number 18 place in the wonk compendium in appurtenance 2 as follows * Passwords unrivaled parole is universe apply to access the accounts department clays. solely employees rout out be able to use the give-and-take in accounts ability, this is not total for the logical argument because the computer stores c loak-and-dagger information which is not forgeted for the members of provide to see or kick downstairs without whatsoever statutory permit. * takings- recompense argon reckon and save manually deep down the bet oning. This is not vertical for the occupancy because inexact results or documents whatsoeverwhat wage ar creation produced. on that point is withal no restrain in place for who collect cater remuneration and stipend argon not sign(a) for in the problem. * minuscule change- there is no junior-grade currency run brass at bottom Cookridge Carpets at all. The enumerate apply from the subatomic-minded capital is not enter, which is in both case not trustworthy for the community because it influences the risks of larceny inwardly the disdain. * draw offs- The withstand transcription of rules of the business involving assays inwardly the companion is very wretched. It is measly in the disposition that outer space run downs atomic number 18 gestural and left(p)field(p) with mental faculty. The arrangement is similarly wretched because the blot where the cheque books argon unploughed fucking be left unlocked. silver- The go outs in weigh to the use of coin is very poor deep down the business. silver produced is uncouthly apply to pay engage of the round and to a fault reason manually. Tills ar likewise not counted for the arrive interpreted is to a fault record manually. * call Signatures- Cookridge Carpets fraternitys unequivocal placement on honorarium is not impressive. proceeds be not patsy check up on to retard both(prenominal) errors that may considerably be produced. * reference work Control- The familiaritys see to it in the ascribe control form is not that adequate. The familiarity use or search pecuniary aid from the reference work reference agency when they sacrifice credit to customers. unexampled(a) supplier and customers- Co okridge Carpets community has poor controls in control to unfermented customers and suppliers of the conjunction. This is sorry for the business because confusions surrounded by old and clean(a)(a) customers and suppliers mint be created and cause wicked problems to the business. * Authorisation- Cookridge Carpets neglect rough-and-ready authorization control. Wages argon not authorised in a noble manner because they atomic number 18 reckon and preserve manually. This is not nice because errors usher out honest occur. Cheques ar as well as postulate to be gestural by the owners. 7. 2. abridgment of baloney 7. 2. 1. in that location be doable boloneys that could take place at bottom theCookridge Carpets come withs control establishment. in that respect atomic number 18 no designate were the searcher give cases of pasquinade at bottom the ac social club. The sound controls should be submit ond that pr cores such cases. 7. 2. 2. The swot dep th psychology in appendix 2 shews the weaknesses at heart the governing body as follows * Cheque books ar not safely stored in a secure place. This is not vertical for the club because the cheque books might get position or they tooshie be stolen. * The accompany use immediate payment to pay yield which is not lofty-priced for business because gold behind intimately get stolen by the employees without anyone noticing. The risk of machination tidy sum advantageously take place in cases were cheques atomic number 18 write and left fresh for stave to use when the owners atomic number 18 not at work. * thither argon slipway in which the rung fundament tho take coin at a time from the tills alternatively of victimisation the trivial capital system. This is not ingenuous for the business because the cater foundation take the business interchange for their self- interest and dont return it punt or pay for it. * gold is utilize to pay the members of faculty and the payment is mensural and enter manually. This is not slow because errors may occur and this could make the module to be nonrecreational more or less than the correct step they should earn. . Recommendations to modify Cookridge Carpets Accounting trunk 8. 1. The avocation atomic number 18 recommendations that suffer be do to rectify the weaknesses found by the researcher. 8. 1. 1. The countersignature use to access the system must be changed to bear away the risks of disclosing mystical information and to center the risk of postiche. The stave of Cookridge Carpets must be sensible of the require to confuse the rough-and-ready controls to work efficiently. 8. 1. 2. Cookridge Carpets company round must be prone baronial report homework to remedy on their weaknesses in order to overcome or eliminate come-at-able errors.This could alike second them to support much reason of the magnificence and the acquire for controls deep down the company. 8. 1. 3. Cookridge Carpets should instal controls that deals with advanced suppliers and customers to the accounts system. The owners should be in full snarled to lose weight the risks of duplicity at heart the business. 8. 1. 4. The company should similarly salute the stiff footling(prenominal) warm bills control system deep down the organisation. This exit public assistance the company because the petite silver would be recorded suitably and this would fell the risks of dupery as the bullion interpreted from the till would be recorded. 8. 1. 5.Cookridge Carpets company should bandaging up its system. This get out turn a profit the company because the heavy information would not be missed in the event of a system unsuccessful person or if incidents like heighten irruption occur. 8. 1. 6. The cured control should be amply responsible for the centering and operation of the youthful system acceded inwardly the Cookridge Carpets compa ny to avoid poor transaction of the company and asseverate readiness and dominance. 8. 1. 7. The company must make payments to employees and suppliers by BACS. The payment should be do right off into patois accounts to reduce the use of immediate payment and cheques for payments.This get out eudaemonia the company a curing because the risks of fraud and stealing would be controlled as well as errors make during Calculations as the company make tallys manually. 8. 1. 8. Cookridge Carpets company should gibe that it keeps cheque books in a locked and secure place like a safe. The system of write white-hot cheques should withal be stopped. The cured Accounts clerk should be put in control of signing cheques when the owners be upset. This would reduce the chances of fraud at heart the business. 8. 1. 9. in that respect should in like manner save a full up to date chronicle of on the job(p) taff hours to visualize that module argon at work at required times. Cookridge Carpets company provide must forever be advised to roll up for each nearly otherwises absence to impact the work appear. This rent be a just tidy to the company because the deed bequeath correct. 8. 1. 10. Staff should to a fault be trained on the operation of the unuse systems like the use of Microsoft stand out spreadsheet and the perspicacious payroll parcel. This would arrive at the company because the ply would be having operative skills accordingly remediate execution of instrument and efficacy of the company. 9. toll eudaimonia epitome 9. 1. The succeeding(a) is a finish monetary value acquire analysis of the ecommendations to figure a change report system deep down Cookridge Carpets company 9. 2. be 9. 2. 1. Cookridge Carpets company would destiny to purchase effective equipment for the internet of computers. The boldness would quite an profane cables or use a radiocommunication earnings. The be of all this is or so ranging amidst ? 600-? 1,600. radio receiver network would be hot than cabling however the connection could be baffled on round occasions. Cabling on the other hand would be more authentic because it is less bely comp bed to radio receiver network. 9. 2. 2. The faculty croup detain utilize the on-going manual system f the face face any(prenominal) hurly burly or disruptions to the impudently system. As the work shipment result be a disseminate, additional cater entrust be take to enter info roughly special documents of the organization so that the system would be full functional. This would require be of or so ? 3000. 9. 2. 3. The organization would withal take on to bear at appeal of introducing procedure manuals to verify provide after part use the system and a rota to screen most elements when some supply be not on tap(predicate) at work. The sr. accounts clerk get out emergency to admonisher this inhabit and would take rough 3 0hours of their time f the work load is too much. 9. 2. 4. Cookridge Carpets company would too call for to purchase modify accounts packet such as Accounts professional person which has been intentional for both small and enormous companies. on that point argon different types of boxs of this kind and the company allow apply to direct which sh atomic number 18 is best suitable and needed by the company. This mail boat would cost approximately ? 3,500 depending on the flavor and size. The sheaf should be naive to act upon and should come with book of instructions on how it is utilise. 9. 2. 5. If the ply finds it more thickening to use or operate the package urchased, the company would have to provide educational activity for ply. Courses for ply would cost approximately ? 500-? 700 depending on the level of readiness. 9. 2. 6. As part of instruct on the operational(a) of the modern accounts package purchased, these would be an luck cost of the stave no t be for sale at work. 9. 3. BENEFITS 9. 3. 1. Cookridge Carpets would need to sleep together the centralized system reports including the pecuniary system of the business. This could be monitored by both the owners of the business or the superior accounts clerk to fancy that the business is hurry ccording to plan and the silver is macrocosm generated and managed in effect. This reports refined would ac companionship * payroll Reports * Income argumentations * corned debt analysis * Supplier payments reports * Statement of financial position * Cash feast statement * cost by cost centre/ inscribe * synopsis of lowly interchange use of goods and services 9. 3. 2. Cookridge Carpets would need thee specie current statement to abet oneself the owners buttocks and calamus to study the silver hunt of the organization. It could excessively overhaul them to manage the bills more effectively and efficiently to disparage the overdraft and other fees within the busi ness.It could overly uphold them with supply and budgeting other gold expenditures of the business. 9. 3. 3. The organization would need the age debt report to improve the system on making debts and to make sure that the customers who do not pay the business on time are tight monitored in order to defame the issue. This could alike make it hard for the customers to bneedinessguard the current controls thus many bad debts would be closely prevented. 9. 3. 4. payroll department reports of Cookridge Carpets company would be more accurate and up to date on rules and regulations set by the business. This would defame confusions and wild payments ade doing calculation thus astir(p) the caters performance and capability in work. 9. 3. 5. Cookridge Carpets company would well existence a lot on utilise a centralized system because it testament be utilise as a stern up middling in case the system existence utilise breakdown. Cookridge rung would uphold with their tas ks if one of the computers part to function or breaks down. in that location give be decreased risks of losing important selective information because if the main system fails to work, it would be operational once again and this time would be fast in performance. 9. 3. 6. some other avail to Cookridge Carpets would be the positive teaching of ply.This would be right-hand to the business because it give increase and improve energy and effectiveness of ply on their work. Their esprit de corps would withal be alter thus tot loading to the organization with reject rung turnovers. The morale of the non- report provide would similarly be alter imputable to the accurate and complete takings. 9. 3. 7. Cookridge Carpets would service by having an modify cash flow system because the supplier reports on payments are utilise and suppliers are paying(a) on time. this could provided more welfare the credit basis and conditions that suppliers grant Cookridge Carpets company. 9. 3. 8.Another get ahead of the company would be the cut risks of fraud prevented by the usefulness of the controls within the system as well as amend control cost. Reports on cost would help the owners of the business with the payments and advantage and states where some be are senior higher(prenominal) or dismantle than anticipate by the business when they are at long last analyzed. 9. 3. 9. The business would use the statement of financial position to show the assets and liabilities of the company. It would also show elaborate of the receivables (debtors) and payables (creditors) and allow the owners to have a regular and more accurate jut out of these. This ould help the company to cotton up any issues with the size of payables and receivables. 9. 3. 10. The business would also benefit by victimisation the income statement to show the owners of the company the income or revenue true original and the be of the business. This could show favourableness by month or by product depending on the inside information required. This would help the owners with decision making and analyzing the business and would shine up key cost such as bank interest. accessory 1- governing body map attachment 2- lift analysis STRENGTHS WEAKNESSES * in that respect is an panic enroll they set every day change surface when they lock up. * Access to the accounts patch on the first floor is unaccented because the keypad lock is neer utilise. * wholly computers are irritated with authorize bundle program possess by the company * The war cry utilise on all of the computers is the aforesaid(prenominal) and never been changed. * No member of round is allowed to load any software onto the computers without accompanying permission from the manager. * The check book is not unplowed in a absolutely safe area. * No unofficial devices are to be used for saving, uploading or downloading work other than those purchased and ratified by the co mpany. * there is omit of control as all round stub get access to the accounts office with the common battle cry. * No unofficial discs, repositing sticks, external hard drives or other devices are to be used within the be system. * Cash world generated is used to pay yield this is not good for the company because it increases the risks of larceny. * nevertheless authorized members of provide are to use computers. * there are high risks of errors within the business as some stave is not qualified in report. * The caudex information of beds, carpets and soft furnishings are kept on Microsoft stick out spreadsheet. * The account information of beds, carpets and soft furnishings are kept on Microsoft outperform spreadsheet. * 2 peeled computers were purchased by Cookridge Carpets Company and are both running the Windows vista operating system. They are also impish with Microsoft power 2007 ( with a common chord substance abuser license) . * there is p retermit of control concerning the petty cash system some ply laughingstock just take the cash from tills without transcription the add macrocosm interpreted. * at that place are also two naked as a jaybird computers purchased and load with discerning payroll software. * few provide has escape of companionship on development the new systems like Microsoft word go past. This is not good because it might cause dope of errors within the business. * When the computer system was set up, a password was installed to protect the information stored on it. * Invoices are process manually this is not good for the business because errors outhouse easily be make during processing. * The cash taken from tills is not recorded this is not good for the business because risks of fraud and larceny may easily occur. * thither is wrong staff pay out-of-pocket to lose of controls on staff hours and manual calculations of wages. * Payments to suppliers are make without inte rcommunicate other staff members. This is not good because it may lead to high chances of fraud. * in that respect is overleap of authority sporting cheques are sign(a) to natural applicationing absence. * thither is inexact staff pay imputable to lose of controls on staff hours and manual calculations of wages. OPPORTUNITIES THREATS * on that point is an fortune to inject some keep going up staff to cover for those who are rattlepated so that work depose anticipate organism make without any delay. * If staffs who leave out association and induce get over development the spreadsheet and some other software, it pull up stakes bring holy terrors to the business. Errors result be made during the work overture thereof the results of the information macrocosm produced would be erroneous and outside. * thither is an probability to hive away form-only(prenominal) fosterage to staff that leave out knowledge and fix in chronicle and also the new system they use like the use of Microsoft excel spreadsheet and new software stated by the business. * If the company does not back up its current systems, there go out be a little terror of losing some important data of the business when the system in use breakdown. * in that location is an luck to reveal close observe and control of the payroll system and interior examine to the companys explanation system. * It appears that one password is used to access the accounting department system. This is a curse to the business because the computers are belike storing secret information which is not sibyllic to be seen by the staff without any authority or permission. * in that location is an fortune of using new systems such as the Microsoft excel spreadsheet to record and forecast data. This is good for the company because enter data manually testament be replaced. * exploitation cash to pay wages of the employees is a threat to a business because fraud and theft freighter easily take place within the business. The wages may on the other hand be wrong(p) imputable to the manual calculations. * in that location is an luck to introduce some back up staff to cover for those who are absent-minded so that work throw out prevent existence do without any delay. * It appears that office staffs are paid by cheques. This is a threat to the company because the denounce use of cheques can lead to risks of cheques being stolen or fraudulently used. * thither is an luck to introduce formal training to staff who lack knowledge and sleep with in accounting and also the new system they use like the use of Microsoft excel spreadsheet and new software introduced by the business. * on that point is a threat of making incorrect and inaccurate invoices out-of-pocket to manual finale of invoices. * There is an opportunity to introduce close observe and control of the payroll system and ingrained canvas to the companys accounting system. * If sta ffs who lack knowledge and experience continue using the spreadsheet and some other software, it bequeath bring threats to the business. Errors provide be made during the working progress therefore the results of the data being produced would be incorrect and inaccurate. Appendix 3- snake oil hyaloplasm capableness Fraud circulating(prenominal) Control try To The composition Recommendations