INKWELL LTD CASE STUDY AAT

This loss in earnings will have to be borne by the company as the funds may become irrecoverable. The fact that this would increase cash flow would able the business to be more competitive within the industry. How about receiving a customized one? It will cost the company initially but will pay for itself in the long term as it would guarantee a traceable signature of the receipt of goods including the data and time and also remove the impact on environmental sustainability. If an account is seven days overdue, the customer is telephoned to request immediate payment. Corporate governance ethics Power-dressing: The Finance Director no longer has interest in the projects that he gave to the Accounting Technician to complete, which had initially been considered a matter of importance.

And gain the confidence to pass your exams. Inkwell Ltd will have to choose the best institution with reasonable prices to train its staff. Inkwell, also prefer not to give a quote over the phone, as a record cannot be kept regarding the quote given, and there would be no written evidence to support against any disputes that may arise in the future. This would save the company money in the long run as once installed it would be far more efficient and increase productivity. Corporate governance ethics Power-dressing:

This is a strength as it minimised the chances of discrepancies occurring or any fraudulent activities being committed.

The company do not have contingencies stdy place for staff absences due to illness or annual leave There is no encouragement for employees to attend training courses.

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Also the use of paper has a negative impact and significantly endangers the environment. The xat style used is consultative where combination of democratic and autocratic is involved. These computers are operated by Windows Vista software and all have Microsoft Office installed. Inkweell Ltd will always have necessary information needed by internal and external stakeholders.

If you contact us after hours, we’ll get back to you in 24 hours or less. The clerk also has the responsibility for inputting the sales invoices into the accounts receivable ledger system, which also incorporates the general and accounts payable ledgers, which all run on the Windows Vista software package.

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Inkwell Limited Essay Example for Free – Sample words

This can leave staff feeling demotivated and demoralised. If it is known to the customers that the company would not go to a debt collecting agency, then they may take advantage of this and receive goods knowingly that they could not pay so creating fraud. This will have an adverse effect on the ethical principle of professional competence. Once the goods have reached their destination, both the customer and the delivery driver are required to sign the delivery note.

This saves on energy which is good for the environment. Your Answer is very helpful for Us Thank you a lot! This will prevent fraud, in that the customer could not deny that they have not received the goods.

inkwell ltd case study aat

The Company Accountant is responsible for checking that the details recorded are correct and then passes this form to the Finance Director for re-checking. Users can analyse the statements and make comparisons with previous years or inkwelll other competitors.

The retail shops have a sloppy approach to cash management. Regular staff meetings could ensure that better decisions are made through effective communication, and enable staff to disclose any department issues. A professional company could be employed to provide this service, but is too costly.

By complying with company policy on this, the Sales Director should promptly pass the ldt on to the debt collecting agency in order to recover the money and reduce the debt becoming bad. Connecting it to the entire accounts department inkwelk cause interruption as all connections will have to be switched off for a while. Anil was needed to have more professional accounting expertise since the production of the company was showing that circulation of money has expanded.

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This is due to the fact that they cannot get access to useful material such as instruction manuals, guidance tools, help menus, instruction sheets and helplines, as the company have not produced nor made any available. Icas Case Ptd Aat: This is not making the company cost effective or competitive within the industry.

The credit notes have to be counter checked, approved and authorised before they can be issued. If you need this or any other sample, we can lrd it to you via email.

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It is against the Law to falsify or omit any information that should be recorded on the VAT form. This method inkwll payment is slow as the cheque needs to go through the clearing system, and there is a danger that it may be returned by the bank, if the customer has insufficient funds.

inkwell ltd case study aat

The Statement of Changes in Equity shows the entries for ordinary capital shares, share premium, retained earnings, dividends, and unrealised gains on assets etc. Do the clothes make the man? The accounts department is highly privileged to have top management like finance director and accountant. As emails do not use paper they are environmentally friendly. This is important, as the recorded data may contain errors which require correction and checks must be made to see if any data that has been omitted, zat to be added.

It will cost the company initially but will pay for itself in the long term as it would guarantee a traceable signature of the receipt of goods including the data and time and also remove the impact on environmental sustainability.