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Flowchart Anaylsis

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Submitted By samanthagibbons
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Our organization contains a lot of employees, over 1,000 of them spread across the state of Arizona. We have a separate accounting company that we filter information to from the office and upload information from our stores and they then generate all of our payroll and accounting data, reports and payroll information. Even though we have a separate accounting company, we do have many internal controls that monitor both the payroll and the revenue cycles. The stores and the managers are ultimately responsible for all of this information and they are required to approve all transactions and ensure that all of the information that they provide our accounting company are correct. On a daily and weekly basis they will approve all of the transactions and the payroll records. Once the information has been transmitted to our accounting company, ISS, they then generate daily, weekly and period reports. Once these reports are generated with all of the sales and payroll data, the people at the office sort these reports by store and analyze them in comparison to budgets and to what the store actually reported. The store also analyzes the reports that are sent to them and they verify their information to what ISS generates and they ensure that all of the information is correct. Once they verify the information, ISS will then generate the P&L’s for our company. Our President analyzes all of the data initially to compare what he had anticipated was going to be what was produced. The area managers will then go through each stores P&L to verify all sales, returns, inventory and payroll to ensure that the information reported is correct. If they do find a mistake then our office manager will further investigate to make sure that the correct data gets posted to the correct accounts. We all have different responsibilities, but no one oversees one area of operations. I am

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