Accounting Information Systems: Evaluation of Adam and Co.'s Procedures

Running Head: ACCOUNTING INFORMATION SYSTEMS
Accounting Information Systems
Name of the Student
Name of the University

ACCOUNTING INFORMATION SYSTEMS
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Executive Summary
The detailed evaluation of the report focuses on Adam and Co.’s three main
procedures for the accounting system the payroll calculation system, cash allotment system
and purchases system along with the flowcharts. There are flowcharts for all the three
systems in order to highlight the workflow and to show how all the data is being managed by
the different levels of the department. The flowchart will highlight all the key efforts for
output and input to every next team in the department.
The report also includes the various controls systems to recognize any possible
limitations or disadvantages that might exist in the abovementioned departments. The control
system is also provided with the resolution for all the weaknesses that the department faces.
Therefore, the control system helps to eliminate any kind of risks that are related to the
weaknesses.

ACCOUNTING INFORMATION SYSTEMS
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Table of Contents
Executive Summary............................................................................................... 2
Introduction........................................................................................................... 4
Purchases System.................................................................................................. 4
The flowchart...................................................................................................... 4
Internal Control................................................................................................... 8
Cash disbursements system.................................................................................. 9
The flowchart...................................................................................................... 9
Internal control................................................................................................. 12
Payroll System..................................................................................................... 12
The flowchart.................................................................................................... 12
Internal control................................................................................................. 15
Conclusion........................................................................................................... 17
References........................................................................................................... 18

ACCOUNTING INFORMATION SYSTEMS
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Introduction
In an organization, it is important to have a controlled accounting system for any kind
of data or information processing. Conversely, on any accounting system if the
comprehensive variety is connected than it is important to have cognitive presentation ability
for every system of the department. This system will facilitate the higher executives to put
together a decision based on precise field, which is obtained from the presentation that needs
instant attention (Prasad, Acklesh and Peter 2015).
The detailed assessment of the report is based on the organization named Adam and
Co. The company is a wholesale supplier that deals with its item from Perth and transports in
the mandatory purchase globally from Vietnam, Thailand, and China. The company’s
complete accounting cycle or flowchart is divided into different processes that include the
payroll calculation system, the cash allotment system and purchase system.
Purchases System
The flowchart
In Adam and Co. organization, the complete purchase system is programmed to a
definite amount relating to the resources for sales. The below flowchart is a highlight for
complete purchases system of the organization.