Think of a Process You Are Familiar With

question 41

Essay

Think of a process you are familiar with. Explain how you would make a flow chart for the process, and what stages of the process would require the following flow chart symbols: ellipse, arrows, rectangles, diamonds, loop back.

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Definitions:

Countries

Nation states defined by geographical boundaries and governance.

IFRS

International Financial Reporting Standards, a set of global accounting standards for the preparation of public company financial statements.

International Financial Reporting Standards

A set of accounting standards developed by the International Accounting Standards Board (IASB) that aim to make international financial reporting transparent and comparable.

SME

Refers to small and medium-sized enterprises, which are businesses with a limited number of employees and revenue, playing a significant role in the economy.