Accounting Information System for Adam and Co: Flowchart, Internal Control and Recommendations

Running Head: ACCOUNTING INFORMATION SYSTEM
Accounting Information System
Name of the Student:
Name of the University:

ACCOUNTING INFORMATION SYSTEM
Table of contents
Introduction......................................................................................................................................3
Purchase System..............................................................................................................................3
The flow chart..............................................................................................................................3
Internal control.............................................................................................................................6
Cash disbursements system.............................................................................................................7
The flowchart...............................................................................................................................7
Internal control.............................................................................................................................9
Payroll System.................................................................................................................................9
The flowchart...............................................................................................................................9
Internal control...........................................................................................................................12
Conclusion.....................................................................................................................................14
References......................................................................................................................................15

ACCOUNTING INFORMATION SYSTEM
Introduction
In the modern technology, every industry or a firm should adopt the accounting
information system for a secured data and valid information processing. The accounting and
monetary information data on any organization should have complete and relevant information.
The system helps to generate the financial data and provide the information to different lenders,
potential investors and creditors. The accounting information system will help many
subordinates and executives in making an agreement for a better results and instant performance.
The report highlights the organization named Adam and Co. the industry deals with the
supply of goods and services form Perth. They purchase the related material and resources from
places like China, Thailand, and Vietnam and choose a reliable mode of transportation. The
report covers the accounting theories and cycle illustrated with the help of a flow chart. The
cycle includes cash allotment, payroll system and different purchases.
Purchase System
The flow chart
The purchase system is organized and highlighted for Adam and Co. The system deals
with the organization total amount form the selling and other resources. The flow chart of the
purchase system is illustrated below for the organization.

ACCOUNTING INFORMATION SYSTEM