Create a system flowchart of the existing system. n creates aa due dateupdates the- Daily, theice recordsnat need toment in thepen vendorcopy of thestem auto-ccounts.tion into the computer terminal to create a digitalpurchase order, and then prints three hard copies ofthe purchase order. He sends one copy to the sup-plier; one copy to the AP department, where it isfiled temporarily, and files the third copy in the pur-chasing department.When the goods are received, the receivingdepartment inspects and verifies them using thepacking slip, which is attached to the goods. Thereceiving clerk manually prepares two hard copiesof a receiving report. One copy accompanies thegoods to the warehouse for storage. The receivingclerk sends the second copy to the purchasing agentwho closes the open purchase order. The purchaseagent then forwards the receiving report to the inven-tory control clerk.The inventory control clerk receives the receivingreport and updates the inventory subsidiary. At theclose of business, the clerk prepares an inventory sum-mary, which he sends to the general ledger clerk.rent system.ing system.weaknesses= of a rede-solves the1. ExplainAccounts Payable and Cash DisbursementsProceduresTAND-TINGThe AP clerk receives the supplier's invoice andreconciles it with the purchase order in the tempo-rary file. From her computer terminal, the clerkrecords the purchase in the purchases journal andrecords the liability by adding a, record to the APsubsidiary ledger. The purchases order and invoiceare then filed in the department.Each day, the AP clerk visually searches the APsubsidiary ledger from her terminal for invoices thatare due to be paid. The clerk prepares the check andrecords it in the digital check register. The negotiableportion of the check is mailed to the vendor, and acheck copy is filed. The clerk then closes the liabilityin the AP subsidiary ledger and prepares a journalyoucher, which she sends to the general ledger clerk,Upon receipt of the inventory summary and jour-nal voucher, the general ledger clerk updates theinventory control, AP control, and cash accounts.is a gardenia that sellsen productsrs, premiumes, and gar-re primarilypanies in theacludes man-ndent (non-Communica-ely throughS has beengarding pay-E these com-ced computerPNS's proce-lowing is aRequired4. Create a data flow diagram of the current system.b. Create a system flowchart of the existing system.c. Analyze the physical internal control weaknessesin the system.d. (Optional) Prepare a system flowchart of a rede-signed computer-based system that resolves thecontrol weaknesses that you identified, Explainentory statusdepartment,be reordered.this informa-your solution. control weaknesses that you identified. Explainyour solution.a rede-system that resolves the3. GREEN POND NURSERY (STAND-ALONE PC-BASED ACCOUNTING3 GREEN POND NURSERY (STAND-SYSTEM)Green Pond Nursery Supply (GPNS) is a gardencenter wholesaler in eastern Pennsylvania that sellsand distributes a wide range of garden productsand equipment including organic fertilizers, premiumflower and grass seeds, organic pesticides, and gar-den spreaders. GPNS's customers are primarilysmall garden centers and landscape companies in theMid-Atlantic states. Sales are on credit.GPNS's current information system includes man-ual procedures supported by independent (non-networked) PCs in each department. Communica-tions between departments are entirely throughhard-copy documents. Recently, GPNS has beenreceiving complaints from suppliers regarding pay-ment errors. Management believes that these com-plaints stem, in part, from their antiquated computersystem. You have been hired to assess GPNS's proce-dures and internal controls. The following is adescription of GPNS's expenditure cycle.Purchasing ProcessThe purchasing agent receives an inventory statusreport from the inventory control department,which identifies the items that need to be reordered.The agent selects the suppliers, enters this informa-

Question

Accepted Answer

Flowchart: 
 
Flowchart is representation of procedures concerned with the transactions in the…