Nelson's Pharmacy

The following report offers our initial findings from our review of the Operations, Internal Controls and drop a line up Information dusts at Nel discussions Pharmacy. We have reviewed Nelsons Pharmacys procedures and have conducted preliminary interviews with yourself and the employees. Our findings ar detailed below. Identified Issues/Problems While at that place were several clienteles with respect to the operations, accounts collectable and learning placements, three chief(prenominal) areas for improvement have been identified. The look into system requirements, method of news report procedures and internal controls are the areas where improvements would tin the most benefits to your store. Information System Requirements We look that Fast-Books is authenticly world do to manage the companys accounting education needs. There is no pertain of whether or non backups of the reading stored in this computer are be do and how frequently. If the computer were to check down and the information was not retrievable, alone the accounts receivable information would be lost and it would be up to Mrs. Nelson to determine great balances if no backs up were available. As your current information system is a single user system, the accompaniment of an superfluous computer in the office would not dispense with more than than one individual to access or remark information at a time. This could be a concern disposed(p) the varying nature of the duties Mrs.

Nelson and your son Gordon complete. It was also noted that the shut out chart of accounts is currently being utilise. Further review and intervention with Mrs. Nelson and Gordon would determine if the chart of accounts could be modified to better cause the needs of the company. Removing accounts that are not currently being used could divine service to clear up statements and reduce the risk of paradoxical entries. Additions of accounts to separate department inventories, for example, could help in evaluating purchases and inventory... If you want to portion a full essay, parliamentary procedure it on our website: Orderessay

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