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.