Nelson's Pharmacy

The following report offers our initial findings from our review of the Operations, Internal Controls and spargon up Information dusts at Nelsons Pharmacy. We have reviewed Nelsons Pharmacys procedures and have conducted preceding interviews with yourself and the employees. Our findings ar detailed below. Identified Issues/Problems While there were several(prenominal) concerns with respect to the operations, accounts payable and learning placements, three main areas for improvement have been identified. The discipline governing body requirements, method of accounting procedures and immanent controls are the areas where improvements would provide the most benefits to your store. Information System Requirements We learn that Fast-Books is presently being use to manage the companys accounting learning needs. There is no mention of whether or non backups of the development stored in this data processor are being do and how frequently. If the computer were to mois ten down and the information was not retrievable, al matchless the accounts receivable information would be lost and it would be up to Mrs. Nelson to determine bully balances if no backs up were available. As your current information system is a single user system, the addition of an superfluous computer in the office would not allow more than than one person to access or input information at a time. This could be a concern disposed(p) the varying character of the duties Mrs.

Nelson and your son Gordon complete. It was also noted that the bar graph of accounts is currently being used. Further review and tre atment with Mrs. Nelson and Gordon would det! ermine if the chart of accounts could be modified to better effort the needs of the company. Removing accounts that are not currently being used could help to realise up statements and reduce the risk of ill-considered entries. Additions of accounts to separate section inventories, for example, could help in evaluating purchases and inventory... If you want to specify a total essay, order it on our website: OrderCustomPaper.com

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