Flowchart Control Points. Each number of the flowchart in Exhibit H.53.1 identifies a control point in the computerized payroll processing system. List the control points and, for each point, describe the type of internal control procedure that should be implemented. EXHIBIT H.53.1Job Time RecordingBeginning of ShiftAttendanceFlowchart ControlPointsEmployeeBadgeEmployeeBadgeSpecial Cards(in rack)Job Cards(with job)Clock inRecord Beginningand End of Joband Key in Job DataRecord ofCollectClock inCards 20minutesafterCheck-inCollectJobandProcessPeriodicallyTransactionCardCard toTimeFilePostTransactionDirect AccessFile byEmployee No.AttendanceDetailRecordsProcess Atten-EmployeeIdentificationDirect AccessFile byEmployee No.RejectedTransactionsfor Analysisand Correctiondance Data,Post toMaster FileEmployeeExceptionAttendanceReport toForeperson

Answered: Image /qna-images/answer/1529811a-123a-4a7e-822a-73850d69361e.jpg

Answered: EXHIBIT H.53.1 Job Time Recording…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Concept explainers

Question

Flowchart Control Points. Each number of the flowchart in Exhibit H.53.1 identifies a control point in the computerized payroll processing system. List the control points and, for each point, describe the type of internal control procedure that should be implemented.

EXHIBIT H.53.1
Job Time Recording
Beginning of Shift
Attendance
Flowchart Control
Points
Employee
Badge
Employee
Badge
Special Cards
(in rack)
Job Cards
(with job)
Clock in
Record Beginning
and End of Job
and Key in Job Data
Record of
Collect
Clock in
Cards 20
minutes
after
Check-in
Collect
Job
and
Process
Periodically
Transaction
Card
Card to
Time
File
Post
Transaction
Direct Access
File by
Employee No.
Attendance
Detail
Records
Process Atten-
Employee
Identification
Direct Access
File by
Employee No.
Rejected
Transactions
for Analysis
and Correction
dance Data,
Post to
Master File
Employee
Exception
Attendance
Report to
Foreperson

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 2 steps with 2 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions