Pick any organization (Manufacturing/Service/Profit-Oriented/Non-profit Oriented) and study its accounting system and the procedures for conducting business operations.
Question:
Pick any organization (Manufacturing/Service/Profit-Oriented/Non-profit Oriented) and study its accounting system and the procedures for conducting business operations.
1. Write a narrative description of the key business processes undertaken by the organization. Present an enterprise-wide view (context diagram) of the organization’s major activities.
(7 Marks)
2. Use documentation techniques (DFD, Flowcharts, Business Process Maps, etc) to explain how the system works. Support your response with a narrative description of the entire system. (12 Marks)
3. What accounting software is being used by the organization and why is that particular software employed? (5 Marks)
4. Evaluate the accounting system used by the organization. What weaknesses can you identify with the system? What can be done to improve the system? (8 Marks)
Auditing An International Approach
ISBN: 978-0071051415
6th edition
Authors: Wally J. Smieliauskas, Kathryn Bewley