Case Study: Adam & Co. Accounting Information Systems - HA2042

This case study analyzes the accounting information systems of Adam & Co., a wholesaler operating internationally. It focuses on three key procedures: cash disbursement, payroll, and the purchase system, all of which are crucial to the company's cash flow. The assignment provides detailed flowcharts illustrating the workflow of each department, emphasizing inputs, outputs, and internal control procedures. The analysis identifies potential issues and weaknesses within these departments, aiming to provide recommendations for risk reduction and improved operational efficiency. The study covers the purchase system, detailing inventory management and the role of internal controls in preventing data errors. It further examines the cash disbursement system, emphasizing the importance of accurate payment processes and internal checks. Finally, it explores the payroll system, discussing the need for efficient employee management and digital timekeeping to ensure accurate payroll processing. The case study concludes by highlighting the importance of robust internal controls and system updates to maintain the integrity and efficiency of Adam & Co.'s accounting processes.