ACA AA TUT Day 2 TCWG by Amani Hasnah Binti Supian

accept contracts that could be costly and a loss

2025-06-18 11:51:54 UTC

callumquayle — 2025-06-18 11:52:02 UTC

costs could be overstated

bethfannon — 2025-06-18 11:52:13 UTC

jobs potentially under priced

2025-06-18 11:52:16 UTC

The figure quoted to the customer may not be price effective for the company

thomasgriffiths23 — 2025-06-18 11:52:23 UTC

Incentives for managers who make profit from contracts

callumquayle — 2025-06-18 11:52:26 UTC

have reviews carried out more frequently

callumquayle — 2025-06-18 11:52:52 UTC

depreciation not accounted for, could lead to assets being overstated

bethfannon — 2025-06-18 11:53:02 UTC

Profit reduced if costs too high compared to income received for job

thomasgriffiths23 — 2025-06-18 11:53:06 UTC

callumquayle — 2025-06-18 11:53:30 UTC

ensure an appropriate depreciation rate is established and have this factored into both the asset register and nominal ledger

2025-06-18 11:53:38 UTC

Assets may not exist, someone could be purchasing them and taking them.

2025-06-18 11:54:03 UTC

2025-06-18 11:54:08 UTC

Do an in person check of assets every month.

2025-06-18 11:54:09 UTC

2025-06-18 11:54:12 UTC

Regular revies

bethfannon — 2025-06-18 11:54:47 UTC

carry out more frequent reviews of costs so that new jobs priced more accurately

thomasgriffiths23 — 2025-06-18 11:54:53 UTC

2025-06-18 11:55:02 UTC

could be assets on register that have been disposed off

2025-06-18 11:55:24 UTC

2025-06-18 11:55:36 UTC

Costs could increase causing profits to be reduced

2025-06-18 11:55:52 UTC

Physical verification

2025-06-18 11:55:57 UTC

2025-06-18 11:56:46 UTC

reviews to be checked again by higher management