Bell Studio's Expenditure Cycle: A Risk Assessment

Running head: STRATEGIC INFORMATION SYSTEMS FOR BUSINESS
STRATEGIC INFORMATION SYSTEMS FOR BUSINESS
Name of student
Name of university
Author’s note:

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STRATEGIC INFORMATION SYSTEMS FOR BUSINESS
Table of Contents
Introduction....................................................................................................................2
Discussion......................................................................................................................3
Data flow diagram of purchases and cash disbursements systems............................3
Data flow diagram of payroll system.........................................................................4
System flowchart of payroll system...........................................................................4
System flowchart of cash disbursements system.......................................................6
System flowchart of purchases system......................................................................7
Description of internal control weakness in each system and risks associated with
the identified weakness..........................................................................................................8
Risks associated with the weaknesses........................................................................9
Conclusion....................................................................................................................13
Bibliography.................................................................................................................14

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STRATEGIC INFORMATION SYSTEMS FOR BUSINESS
Introduction
This report aims to discuss the situation of the Bell Studio and evaluate the risks,
processes and the internal controls for the expenditure cycle. The data flow diagram of the
purchases and the cash disbursements systems is provided in this report. The data flow
diagram of the payroll system is provided in this report along with the system flowcharts of
the purchases system, cash disbursements systems and the payroll system is provided in this
report. The brief discussion of the internal control weakness in each of the system and the
risks connected with the identified weakness is offered in this report. Lastly this report
concludes with an appropriate conclusion for the report.

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STRATEGIC INFORMATION SYSTEMS FOR BUSINESS
Discussion
Data flow diagram of purchases and cash disbursements systems