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The report lists out the benefits of keeping a proper accounting records and followed by, a brief description of how a computerized accounting system works.
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| Submitted: Mon Mar 15 2004
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Executive Summary Firstly, the report lists out the benefits of keeping a proper accounting records and followed by, a brief description of how a computerized accounting system works. Secondly, it lists out the possible benefits gained from the setup of a cost accounting system and a brief description job costing, the most suitable costing method in your business. Finally, it states out the disadvantages of a sole trader and both advantages and disadvantages of a limited company. The report recommends the immediate setup of both accounting and job costing system. The changeover of current business into a form of limited company is to be delayed. CONTENTS Executive Summary 1 1 Introduction 3 2 Findings 4 2.1 Records Keeping 4 2.2 Cost Information 8 2.3 Personal Exposure 12 3 Conclusions 15 4 Recommendations 16 Appendix - Reference and Bibliography 17 1 Introduction On 29 October 2001, I was appointed by you, Mr. Godfrey Boycott, in carrying a brief review of your business operations and to recommend any improvements if found. It is noted that you are running a special engineering...
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