Define flowcharts - documenting the accounting system, Financial Management

Flowcharts - Documenting the accounting system

Depict in outline the sequence of events in a system showing document flow and department or function responsible for every event.


Easier to read and understand for larger more complex systems
Highlight key features and controls
Easy to update and little narrative


Requires formal training to understand notation used
time consuming to prepare
may missout crucial detail because of little supporting narrative


Posted Date: 9/3/2013 4:07:12 AM | Location : United States

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