Recommendations for the Improvement of the Accounting System of Premier Office Supplies Limited

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Recommendations for the improvement of the accounting system of Premier Office Supplies Limited
Index

Contents Page

1 Organisation Background and System History 3


1 Organisation Background and System History 3


2 Terms of Reference 4


3 Methods of Research 5


4 Executive Summary 6


5 Management of people 7


6 Review of the sales ledger system 11


7 Contingency Planning 13


8 Fraud 16


9 Cost benefit analysis 18


10 APPENDICES

1 Organisation Background and System History

Premier Office Supplies Limited (POS) was established 10 years ago by Peter Holmes (previously Sales Director – WF Rymills PLC), Jennifer Eccles (previously Branch Manager – WF Rymills Plc), and Graham Pugh (previously Operations Manager – Prectice and Co LTD)
The current board of POS is as follows:
                      -Peter Holmes (Managing Director)
                      -Anne Milner (Finance Director)
                      -Jennifer Eccles (Sales Director)
                      -Graham Pugh (Operations Director)
POS specialises in office supplies with one day delivery service. It operates a just in time system by which the cost of holding stock is saved.
The turnover of the company is over £30 million. Shareholders funds exceed £5 million.
The number of full time employees is 320.
The accounts department is run by the company accountant, Oliver Mann, who has been with the company since it was founded. He manages the six accounting technicians. (Please see organisation chart in appendix 1.) The majority of staff have been with the company since it was founded. (Please see appendix 2 for details)



2 Terms of Reference

This report has been written to the finance director, Anne Milner, in order to analyse the coordination of work activities within the accounts department of Premier Office Supplies Ltd. It gives a review of the duties and competencies of the...