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

Objectives of financial statement analysis, OBJECTIVES OF FINANCIAL STATEME...

OBJECTIVES OF FINANCIAL STATEMENT ANALYSIS Financial Statements are analyzed by dissimilar users for dissimilar purposes. Some of the purposes are as under- 1. To recognize

Show the examples of long-term assets, Q. Show the examples of long-term as...

Q. Show the examples of long-term assets? Property, plant, and equipment are assets with helpful lives of more than one year a company acquires them for use in the business r

Trading profit & loss, trial balance as at may 31 19*6 ...

trial balance as at may 31 19*6 dr cr sales 400000 purchases 350000 sales return 5000 purchases return

Explain weighted-average inventory, Q. Explain Weighted-average inventory? ...

Q. Explain Weighted-average inventory? Weighted-average: Ensuing inventory is priced using a weighted-average unit cost. In perpetual inventory procedure a new weighted-average

Accounting principle , The salaries paid in 2004 is Rs. 5,00,000; Salaries ...

The salaries paid in 2004 is Rs. 5,00,000; Salaries outstanding  is  Rs. 20,000; Salaries paid in advance for 2004 is Rs. 30,000. What is the actual salary expenditure for 2004? Wh

Accounting concepts, What is the implication of applying accounting concept...

What is the implication of applying accounting concepts wrongly

Preference shares, how to account for the preference shares held by the inv...

how to account for the preference shares held by the investor

Systems understanding aid 7th edition answers.., i need systems understandi...

i need systems understanding aid 7th edition answers!

Question, What is the implication of applying accounting concepts wrongly

What is the implication of applying accounting concepts wrongly

Explain about amortize, Q. Explain about Amortize? Amortize -- to charg...

Q. Explain about Amortize? Amortize -- to charge a regular part of an expenditure over a fixed period of time. Forinstance if something cost $100 and is to be amortized over te

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