Accounting System / Internal Control Questionnaire
Please provide answers to the following questions.
Which of the following best describes the accounting system?
| |Manual | |Automated | |Combination | |(If the Organization is using a commercial accounting package, please send us a copy of the cover page of the run manual.) |
Is there a chart of accounts?
| |Yes | |No |(If yes, please provide us with a copy of the chart of accounts) |
Are the following books of accounts maintained?
| |Yes |No |
|General Ledger | | |
|Project Cost Ledger | | |
|Cash Receipts Journal | | |
|Cash Disbursements Journal | | |
|Payroll Journal | | |
|Accounts Receivable Ledger | | |
|Accounts Payable Ledger | | |
|Sales Journal | | |
|Purchase Journal | | |
Does the accounting system adequately identify receipts and expenditures for each grant or contract?
| |Yes | |No |
Does the accounting system provide for recording of expenses for each program by budget cost categories?
| |Yes | |No | |(If yes, please provide us with sample copies of the job cost/project cost reports the Organization’s accounting system can generate.)|
Are time distribution records maintained for each employee to account for 100 percent of his/her hours?
| |Yes | |No |(Please provide us...
Please join StudyMode to read the full document