Accounting Information Systems, Accounting Basics

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ABC Insurance Company offers individual auto and home insurance servicing the East Coast. The company''s home office is located in Albany, New York. However, ABC Insurance Company has field agents operating out of two additional states which are New Jersey and Massachusetts. Based on this information, this assignment requires that you provide additional details about this company.

Action Items

1. Individually elaborate on the ABC Insurance Company. Based on the information already provided about the company, develop additional information such as number of employees, annual revenue, current processes, etc. and prepare a comprehensive report that provides:

a.An introduction that includes a comprehensive description of the organization and its operations

b.A comprehensive diagram indicating the flow of data through the organization using Microsoft Visio

c.A comprehensive review of the major business processes of the organization using flowcharts that describe documents, data flows and processes

d.Identification of any controls and potential risks within each business process

e.Evaluation of those controls and potential risks including a description of how to minimize such risks through alternative procedures

2. Integrate your diagrams and flowcharts within the body of your report.

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