Answered: FIGURE 2-22 FLOWCHART SHOWING ALL…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

SYSTEM FLOWCHART—PAYROLL (AUTOMATED PROCESSES)
Using the flowchart structure presented in Figure 225 in the text, prepare a system flowchart of the process outlined in Problem 3. Assume the following: Hard-copy timesheets are submitted by employees to department management. Managers submit the time sheet data digitally from their department terminals to the automated payroll application located in the data center. The automated system posts the transactions to the digital payroll file. The system also prepares and distributes hardcopy checks and cost center reports to employees and management respectively. Managers review the reports and file them in their departments. SYSTEM FLOWCHART PAYROLL Figure 2-4 in the text illustrates how a customer order is transformed into a source document, a product document, and a turnaround document. Develop a similar flowchart for the process of paying hourly employees. 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

FIGURE
2-22 FLOWCHART SHOWING ALL STATED FACTs TranslateD INTO VISUAL SYMBOLS
Sales Department
Credit Department
Shipping Department
Warehouse
Customer
Sales
Order 1
Order
Customer
Oder
Sakes
Check
Cred
Credi
Fecord
Slock
Records
Goods
Order 4
Sales
Order a
Propare
Sales
Order
Signed Sales
Order 1
Sales
Orter 2
Shp
Goods
Customer
Order
Sales
Order 4
Saks
Sales
Order 3
Order 4
Sales
Sales
Sales
Order 2
Order 2
Order 3
Sales
Onter
Signad Sales
Order 1
Customer
Disvte
So and
Customer
Order
Order 4
Sales
Order 3
Sales
Order 2
Signed Sales
Order 1
0-0-

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