Hi,

Need some help with a homework problem: subject is: Accounting Information System edition. Chapter 9, Problem:9-1. I have attached all the information needed.

\fChapter 9: Problem: P 9-1: The narrative and systems flowchart for the Bridgeport LLC cash receipts system are included in Exhibit 9.5 and Figure 9.11 (pg. 348), respectively. Using Exhibit 9.5 and Figure 9.11, 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 9.4 (pg. 325)/ Exhibit 9.3 (pp. 329? 330) or Figure 9.6 (pg. 334)/Exhibit 9.4 (pg. 338), 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? Control Goals of the Bridgeport Cash Receipts Process Control Goals of the Operations Process Ensure effectiveness of operations: Recommended control plans Present Controls P-1: Turnaround documents P-2: Endorse checks immediately P-3: Preformatted screens P-4: Compare input data with master data P-5: Programmed edit checks. P-6: Procedure for rejected inputs P-7: Manual agreement of RA batch totals P-8: Manual agreement of deposit batch totals Missing Controls M-1: Document design A B Ensure efficient employment of resources (people, computers) Ensure security of resources (cash, accounts receivable master data) Control Goals of the Information Process For the remittance advice inputs (i.e., cash receipts), ensure: IV IC IA For the accounts receivable master data, ensure: UC UA Control Goals of the Bridgeport Cash Receipts Process Control Goals of the Operations Process Ensure effectiveness of operations: Recommended control plans A B Ensure efficient employment of resources (people, computers) Ensure security of resources (cash, accounts receivable master data) Control Goals of the Information Process For the remittance advice inputs (i.e., cash receipts), ensure: IV IC IA M-2: Enter cash receipts in the mailroom (enter data close to original source) M-3: Computer agreement of batch totals Possible effectiveness goals include the following: A - Timely deposit of checks B - Comply with compensating balance agreements with the depository bank IV = input validity IC = input completeness IA = input accuracy UC = update completeness UA = update accuracy For the accounts receivable master data, ensure: UC UA