Several Items That Might Appear in a Systems Flowchart And/or

question 56

Essay

Several items that might appear in a systems flowchart and/or a data flow diagram are listed below.For each item, draw the symbol you would use to represent it in both forms of systems documentation.If no appropriate symbol exists, use an "X."
a.Customer check
b.Electronic sales transaction file
c.End of a process
d.Evaluate credit application
e.First National Bank
f.Grant credit?
g.Inventory master file (digital)
h.Paper file of payroll documents
i.Sales invoice
j.Start of a process

Grasp the process and accounting implications of writing off uncollectible accounts under the allowance method.

Recognize the effects of year-end adjustments for estimated bad debts on financial statements.

Analyze and prepare partial balance sheets focusing on accounts receivable and the related allowance accounts.

Identify and apply the correct journal entries for estimating bad debts, writing off accounts, and adjusting the allowance for doubtful accounts.

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Definitions:

Decisions

The process of making choices between alternatives, typically after evaluating information and considering the potential outcomes.

Natural Justice

The principle of fairness in all legal and administrative decisions, ensuring processes are conducted without bias.

Fair Hearing

A judicial or quasi-judicial procedure ensuring an unbiased tribunal, notice, an opportunity to be heard, and the right to present and refute evidence.

Harassment

Occurs when a member of an organization treats an employee in a disparate manner because of that person’s sex, race, religion, age, or other protected classification.