The narrative and systems flowchart for the Bridgeport LLC cash receipts system are included in Exhibit and Figure, respectively. Using Exhibit and Figure do the following: a. Prepare a control matrix, including explanations of how each recommended control plan helps to accomplish—or would accomplish in the case of missing plans—each related control goal. Your choice of recommended control plans should come from Figure / Exhibit or Figure / Exhibit, as appropriate. Be sure to tailor the matrix columns to conform to the specifics of the Bridgeport system. In doing so, assume the following two effectiveness goals only: 

Timely deposit of checks 
Compliance with compensating balance agreements with the depository bank b. Annotate the systems flowchart in Figure to show the location of each control plan listed in the control matrix.
b. Annotate the systems flowchart in Figure to show the location of each control plan listed in the controlmatrix.

 

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MAILROOM ACCOUNTS RECEIVABLE COMPUTER CASHIER Customer Verity, post to AR maser, log on cash recepts event data Annotated Key BT. customer number, Cash RAS receipts Involce number, Endorsed RAS gvent amount, and checks data check number Checks BT Тemp Filed until fle deposit silp Print Is recelved Verty! accept deposit Accounts Endorse recevable checks master data Error routine not shown Endorsed Enor routine not shown BT Atend of checks batch or Write amountand check number end of day Annotated Endorsed checks on RA RAS Compare Print end At end or-day reports Deposit Sip of day Prepare CR total bath total Compare for RAS Deposit sip Summary of customer accounts paid Deposit slip General le dger Bank summary a CR Pertodically omce customer Isting accounts paid KEY: CR Endorsed is ting RA = Remittance advice BT = Batch total CR = Cash recolpts checks MAILROOM ACCOUNTS RECEIVABLE COMPUTER CASHIER Customer Verity, post to AR maser, log on cash recepts event data Annotated Key BT. customer number, Cash RAS receipts Involce number, Endorsed RAS gvent amount, and checks data check number Checks BT Тemp Filed until fle deposit silp Print Is recelved Verty! accept deposit Accounts Endorse recevable checks master data Error routine not shown Endorsed Enor routine not shown BT Atend of checks batch or Write amountand check number end of day Annotated Endorsed checks on RA RAS Compare Print end At end or-day reports Deposit Sip of day Prepare CR total bath total Compare for RAS Deposit sip Summary of customer accounts paid Deposit slip General le dger Bank summary a CR Pertodically omce customer Isting accounts paid KEY: CR Endorsed is ting RA = Remittance advice BT = Batch total CR = Cash recolpts checks

Answer rating: 100% (QA)

Control Goals of the Bridgeport Cash Receipts Process Control Goals of the Operations Process Contro... View the full answer