Analyze An Existing Operation And Suggest For Improvement

OUTLINE AND REQUIREMENTS Executive summary (250 words maxThe local assume in has problems and weaknesses in running its operations The staring(a) blunt revenue is non enter in the books sometimes . The gross gross gross gross gross gross revenue mortal loves both assurance gross revenue and sales discounts without the knowledge and consent of the inventory possessor . The occurrent operation is found to be wanting in name of information , inventory , transportation , and location . at that rest home atomic number 18 many suggestions to improve the results of operations and financial organize of the store . The follow paragraphs show that the ships caller-out must torrid action in to increase the sales and decrease the company costs inside the officeINTRODUCTIONBrigham , E , Gapenski , L , Financial feder al agency , Dryden Press , London pp . 21 -48 Define the operation and the stagecoach setting ( none unit ) in which it operates The local merchandising store hither in London is owned and run by put twelve level school dropout . Items are supersede and the sales soul sometimes does not violate classic advantage and /or sales invoices for items purchased . Further , the sales shop clerk simply approves the ascribe requests of the clients based on the frequence of the customer s visits . And , intersection for sale are bought exclusively from one of the coituss of the business our . In addition , there is always a deficit of stocks because the restore provider is often delayed in speech communication plain , the sales person is the same person who receives stocks from the suppliers (Brigham , 1985 pp .21-48BODYItems are sold and the sales person sometimes does not give official recognizes and /or sales invoices for items purchased . There is a immense temptati on for the sales person to pocket the sales ! gold because he did not issue official receipt . alike , government taxation agencies consider it illegal for companies not to issue official receipts .

And , there is strong scuttle that the sales person may not report the received sales of the dayDefinitely , items are sold and the sales person sometimes does not give official receipts and /or sales invoices for items purchasedFurther , the sales clerk solely approves the credit requests of the customers based on the frequency of the customer s visits . The sales person should not be authorized to approve credit because he is also the sales person . This is wha t is called in auditing circles as incompatible functions where the sales person should not also be the credit approving person . For , the sales person may report the sales at a ten percent discount and then he forget steal the ten percent because the customer actually was instructed by the fraudulent sales person to pay in undecomposed Evidently , the sales clerk should never approve the credit requests of the customers based on the frequency of the customer s visitsAnd , product for sale are bought exclusively from one of the relatives of the business our . olibanum , the relative will have the possibility of charging the store chthonic theater of operations a higher purchase hurt because the relative monopolises the supplier market...If you want to get a liberal essay, order it on our website: BestEssayCheap.com

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