Evaluate process controls and organizational system, Accounting Basics

Assignment Help:

Purpose

To assess your ability to:

 •apply REA ontology concepts to an organization

 •prepare diagrams for the identification of the flow of data through an organization

 •create flowcharts for the description of organizational data flows and processes within individual business processes

 •evaluate process controls and organizational system risks within a business process

Overview

Company Summary: 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.

Accounting Information Systems Comprehensive Final Project. Guidance on assignment 13-1: Please review the description of the company: 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. Based on this description and the additional details that you provide on this company will define the comprehensive flow of data. It will be different by each student depending on the additional information you provide. I would expect to see REA pattern diagram format not grammar and it would include the attributes and cardinalities. You should incorporate your knowledge that you have learned throughout your Accounting classes; i.e. analyze the financial results of your company, is the company doing well or poor and why, etc. The paper length will change based on the information you provide. Based on the required items under the grading criteria, I would recommend that your paper be a minimum of 8 to 10 pages in length not including title and reference page.


Related Discussions:- Evaluate process controls and organizational system

A simple discount note for $6, a simple discount note for $6,600 at a ordin...

a simple discount note for $6,600 at a ordinary bank discount rate of 8.61% for 60 days. What is the effective interest rate? Round to the nearest tenth of a percent

Database management system - accounting perspective, Q. Database management...

Q. Database management system - accounting perspective? A database management system stores related data-such like monthly sales data products, salespersons, customers and sale

Explain financial accounting information, Q. Explain Financial accounting i...

Q. Explain Financial accounting information? A Financial accounting information is precedent in nature that reporting on what has happened in the past. To facilitate comparison

Bank for international settlements (bis), Bank for International Settlement...

Bank for International Settlements (BIS) A consortium bank recognized to coordinate the collection and rescheduling of German reparations after World War I, the BIS has surviv

Describe in brief about the wholesalers, Describe in brief about the Wholes...

Describe in brief about the Wholesalers They buy goods in bulk from manufacturers and sell them to retailers, other schools, wholesalers and other non-profit institutions, and

If market interest rates are higher than the rate offered on, 1. If market ...

1. If market interest rates are higher than the rate offered on the bonds being sold, they will be sold at: A. a premium. B. a discount. C. face value. D. a loss.

What is current ratio in terms of accounting, Q. What is current ratio in t...

Q. What is current ratio in terms of accounting? The current ratio specifies the short-term debt-paying ability of a company. To find the current ratio we divide current assets

Adjusting entries, Hugo Company has a five-day workweek and pays salaries o...

Hugo Company has a five-day workweek and pays salaries of $35,000 each Friday. 1. Prepare the adjusting entry required on May 31, assuming that June 1 falls on a Wednesday. 2. Prep

Ethical behavior of accountants, Numerous accounting organizations have cod...

Numerous accounting organizations have codes of ethics governing the behaviour of their members. For example both the American Institute of Certified Public Accountants and the Ins

Traditional body of accounting theory, Q. Traditional body of accounting th...

Q. Traditional body of accounting theory? Presenting the traditional body of theory first as well as the conceptual framework second gives you a sense of the historical develop

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd