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Accounting Information System Assignment

The document describes an accounting information system for payroll. Supervisors collect timesheets from employees, review them, and submit them to payroll. Payroll then prepares and sends paychecks to employees. Payroll also sends a summary report of total payroll charges to each department manager. The managers review the reports for correctness, sign them, and return them to payroll to be filed.

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88 views3 pages

Accounting Information System Assignment

The document describes an accounting information system for payroll. Supervisors collect timesheets from employees, review them, and submit them to payroll. Payroll then prepares and sends paychecks to employees. Payroll also sends a summary report of total payroll charges to each department manager. The managers review the reports for correctness, sign them, and return them to payroll to be filed.

Uploaded by

amat
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Accounting Information System

Assignment
The Process:
Supervisors collect time sheets from employees, review them for correctness, and
submit them to payroll where payroll checks are prepared and sent to the
employees. In addition, a summary report of total payroll charges is sent to each
department manager, who reviews it for correctness, signs the report, and returns it
to the payroll department to be files.

Required:
1. Create a document flowchart of the above process.
Answer:
Data
Collection
and
Review
1 Time 1
Employee
Employee Time
1
Sheets 2 2
Sheets 2
3 3
3
Employee

Check Payroll
System
Remittance
Advice

Summary
Report

1
Check

Remittance
Department Managers
Advice
Discrepancies
/ Acceptance
Reports

Data
Verification
Cash Receipt
System
2. Categorize each of the following activities into the expenditure, conversion,
or revenue cycles, and identify the applicable subsystem.

a. Preparing the weekly payroll for manufacturing personnel


b. Releasing raw materials for use in the manufacturing cycle
c. Recording the receipt of payment for goods sold
d. Recording the order placed by a customer
e. Ordering raw materials
f. Determining the amount of raw materials to order?

Answer:
a. Preparing the weekly payroll for manufacturing personnel:
Expenditure Cycle - Payroll subsystem.

b. Releasing raw materials for use in the manufacturing cycle:


Conversion Cycle - Production system subsystem.

c. Recording the receipt of payment for goods sold:


Revenue Cycle - Cash Receipts subsystem.

d. Recording the order placed by a customer:


Revenue Cycle - Sales Order processing subsystem.

e. Ordering raw materials:


Expenditure Cycle - Purchases subsystem.

f. Determining the amount of raw materials to order:


Conversion Cycle - Production system subsystem.

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