Question: Presented above is a flowchart that has appeared on old CPA exams. It depicts a manual cash receipts system. The flowchart contains a number deficie

Presented above is a flowchart that has appeared on old CPA exams. It depicts a manual cash receipts system. The flowchart contains a number deficiencies. a. Identify the destination departments for the symbols labelled as 1 and 2 above

Course Content-ACF x D THPS 2Summer 2017 pc x D THPS 2 Summer 2017 x C Hazelnut Co Manufac x New Tab c a /josho/Des ACF 47o Financial Information systems and control BRIDGEWATER STATE UNIVERSITY Summer 2017 Take-Home Problem Set #2 Page 6 of 16 Revenue Cycle-Collections Cash Receipts and Accounts Receivable DEPTS: Cashier Accounts Receivable (Custody) (Custody) Recordkeeping) (Recordkeeping) rom cashier From maliroom CR Summary Check deposit Remittance 1. Separate check and advice restrictively Listing of Listing of endorse check 2. Prepare listing of checks Listing of checks OR summary 1. Match remittance Listing of 1 checks deposit summary Post GML 2. Update AIR master file 3 Print CR journal To Accounting, Updated Cashier, and Accounts Receivable To

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