I just got a new job as an accountant in a medium company which I bless God Almighty for. But here are some of my challenges:

I am to resume work next week and it is just 2 months to the year end of this new company
they have an audited account for last year, and they have been keeping skeletal records, they had never had an accountant but they always manage their record keeping by one of their directors who has no sound knowledge of accounting and at year end their auditors will put their books in shape.

Pls as an accountant are their any formal steps I need to go through to have the account prepared fairly and have an easy external audit sail
I have been trying to draw a frame work for this task.

Please kindly help me on the best and professional steps to follow.

yes you can
you have to get their records such as
a) their bank record if any
b) their sales book if any
c) ledgers like creditors and debtors if any
d) asset register if any
e) if they purchase good for sale their purchase records.
f) Expenses (rent, staionaries, salaries and wages, and other expenses e.tc.) ledger or records if any
g) any other record that involves their transactions for the period under review.
with that you can prepare an account (statement of profit or loss and other comprehensive income i.e profit and loss and the statement of financial position i.e balance sheet) for them.
though it might be tideous but you have to do it gradually.
you can do it if you try.

U jst took dm out from my mouth@Sexy47.... u ar jst perfect

no vex oo!

Who i go come blame now? U or ur lecturers?

The poster above tried sha. Just start wt incomplete records, remember, its now practical, take a deep breath and plunge in

even if u no get am, trust me, they wont know

lol...they will nd trust me,if they notice incomptnce in u, kiss ur job gudbye.. Dsame way i felt on myfirst day at work.... if was as if wat i read in sch was difft from pratcl aspect

@ OP
You have to start and as you progress the issues would be discussed if any.
The difference here (school and office) is that in school you have questions and you have to prefer solutions but in practice there is no question but you have to provide answers based on records you have.
Wish you the best.