Accounting Information Systems : Assignment

Added on - 21 Feb 2021

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Accounting InformationSystems
EXECUTIVE SUMMARYAccounting information system is used to collect, record, process and measure financialand important accounting information that support to prepare meaningful informational reportsthat can be used by manager and other relevant parties to make sound decision. The studycontains evaluation and analysis of Adam & Co’s different internal systems like purchasesystem, payroll system and cash disbursement system though flowchart technique.
Table of ContentsEXECUTIVE SUMMARY.............................................................................................................2INTRODUCTION...........................................................................................................................1MAIN BODY..................................................................................................................................1System flowchart of purchases system...................................................................................1System flowchart of cash disbursements system....................................................................3System flowchart of payroll system.......................................................................................5Internal control weakness in each system and risks associated with the identified weakness.6CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9
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