Chapter 3 Documenting Accounting Information Systems INTRODUCTION WHY DOCUMENTATION IS IMPORTANT DOCUMENT AND SYSTEM FLOWCHARTS Document Flowcharts Guidelines for Drawing Document Flowcharts System Flowcharts Guidelines for Drawing System Flowcharts PROBLEMS CASE ANALYSES The Berridge Company FreezeTime‚ Inc. The Dinteman Company Lois Hale and Associates PROCESS MAPS AND DATA FLOW DIAGRAMS Process Maps Guidelines for Drawing Process Maps Data Flow Diagrams Guidelines for Drawing Data
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Profit Determination Prepared by John Hoggett and Clare Innes Measurement of Profit • Cash basis • Cash income received - Cash expenses paid – Revenues recorded when received – Expenses recorded when paid • Accrual basis • Profit = Income (incl. Revenues) - Expenses – Revenue is recognised when the anticipated inflow of economic benefit can be reliably measured – Expenses when the consumption of benefits can be reliably measured 2 Adjusting Entries • The need for adjusting entries-
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financial position(current asset section)—but at what amount(value)? Some will not pay (2)this involves choosing one of the 2 methods to account for these uncollectable accounts (bad debts) Direct write-off method & Allowance method 3. Decision Flowchart ! 1. Direct write-‐off method (1) Assumes all receivables will be collected‚ a bad debt is recognized only when we know the debt will not be
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1. What is documentation? Why do accountants need to understand documentation? ------------------------------------------------- Documentation refers to a set of documents and models‚ such as narratives‚ data flow models‚ flowcharts‚ and other written materials that explain a how a system works. Documentation tools are important‚ because: -At minimum‚ you must be able to read documentation to determine how the system works. -You may be required to evaluate internal control systems documentation
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document flowcharts describe the physical flow of order forms‚ requisition slips‚ and similar hard-copy documents through an AIS. These flowcharts pictorially represent data paths in compact formats and therefore save pages of narrative description. System flowcharts are similar to document flowcharts‚ except that system flowcharts usually focus on the electronic flows of data in computerized AISs. Other examples of documentation aids include process maps‚ data flow diagrams‚ program flowcharts‚ and
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Sophomores‚ good day! I want you to create flowcharts for the following problems. You may have realized now how to create a correct‚ accurate and acceptable solution. Put them in short bond paper with the format given by Mam Jenny Lou. You need to pass your work on our first meeting next week (Sep 15-19). Work your own. 1. Given two numbers X and Y. Draw a flowchart to determine the difference between X and Y. If X – Y is negative‚ compute R = 2X + 2Y; if X – Y is zero‚ compute R = X + Y; and
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Submission Requirements Submit your written answers to your instructor at the beginning of Unit 2. Unit 2 Assignment 1: Homework Learning Objectives and Outcomes Determine program input‚ processing‚ and output stages. Create the necessary flowcharts to describe a program’s structure. Use pseudocode to define a program’s structure. Formulate solution algorithms for calculations by properly following the order of operations. Assignment Requirements Answer: Short Answer 1‚ 2‚ 3‚ and 4 on
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for every project. There are seven basic tools and techniques used for quality control‚ one of those tools are flowcharts. “Flowcharts are graphic displays of the logic and flow of processes that help you analyze how problems occur and how processes can be improved. They show activities‚ decision points‚ and the order of how information is processed” (Schwalbe‚ 305). The below flowchart is a depiction of “what if” scenario in the event that telecommuters aren’t able to log into the companies VPN
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Chapter 1 An Introduction to Computers and Problem Solving Section 1.1 An Introduction to Computers 1. Visual Basic is considered to be a (A) (B) (C) (D) 2. The person who actually runs a computer program is called a (A) (B) (C) (D) (E) 3. user. customer. client. tester. runner. A A collection of lines of instruction is called a(n) (A) (B) (C) (D) 4. first-generation language. package. higher-level language. machine language. C program. algorithm
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engineering-based methodologies. A flowchart is a graphical representation of decisions and their respective results mapped out in individual shapes that were first developed by Herman Goldstine and John von Neumann in the 1940’s. Flowcharts provide a step-by-step diagram for mapping out complex situations‚ such as programming code or troubleshooting problems with acomputer. The picture to the right shows an image from Microsoft Visio‚ a popular program used to design and create flowcharts and diagrams. Below is
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