You have been recently employed as an accountant for Bucks Phyz. The CEO
has tasked you with reviewing the sales processes of the company and
has provided you with key information based on interviews with key staff
relating to the sales process (available in Interact). The CEO is also
considering the introduction of corporate credit cards for the purchase
of smaller items for the business. At present, all purchases require a
purchase order to be raised and sent to a supplier. This process was an
issue when they recently tried to book a training course for two team
members and the bookings needed to be completed on line. The staff
needed to book the course themselves and seek reimbursement from Bucks
Phyz. The CEO would also like advice regarding the impact of the
introduction of corporate credit cards and who should be issued with a
card. Using the information provided to you, you need to prepare a
business report to the CEO including the following: A summarised
overview of the Sales Process for Bucks Phyz (1 mark). [This should be
no longer than one (1) paragraph and need to focus on the key relevant
facts. The CEO is already aware of this information, but this overview
helps bring your report together for other readers] Identification of;
internal control weaknesses in Bucks Phyz sale process; (2.5 marks) the
impact these weaknesses could have on the organisation; (2.5 marks)
specific internal controls which could be implemented by Bucks Phyz in
the coming weeks to mitigate the risks posed by the internal control
weaknesses you have identified. The CEO does not want theoretical
controls suggested. They want practical controls that they can
implement. (5 marks) [Note: all three (3) parts of question two (2) must
be included as a table in your report] A review of the impact of the
introduction of corporate credit cards. This needs to include: a
detailed review of the benefits and potential risks associated with the
introduction of corporate credit cards within Bucks Phyz. (3 marks) the
specific Internal Controls which should be implemented by Bucks Phyz to
minimize the impact and occurrence of the risks you have identified? (3
marks) a recommendation to the CEO regarding who should be issued with a
corporate credit card and why? (1 mark) 2 marks will be awarded for the
presentation of your report. This includes use of appropriate grammar
and spelling, application of APA referencing and a report prepared in
line with the presentation requirements below. Rationale
- Assignment status: Resolved by our Writing Team
Comments
Post a Comment