Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127



Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127
Textbook Problem

The following process is used by the Griffen Company to process cash receipts. Describe the positive and negative elements of this process. Include operational, information, and control issues. What additions or other changes to the process do you recommend?

Mail for Griffen Company is delivered to Sally, the company receptionist. Sally opens the mail and prepares a daily log of checks received. She sends the RAs to Al, the accounts receivable clerk, and the checks to Tony, the treasurer. Sally files the check log by date. Tony the treasurer prepares a deposit slip in duplicate and endorses the checks. Tony then takes the deposit slip co the bank and files the duplicate slip by date. Al uses the RAs to update the customer accounts to reflect the payment.

Summary Introduction

To explain: The recommendations for the process.


B/AR/CR process:

It is an accounting process with an interacting structure of different process supporting the decision-making activities of the financial managers.


The recommendations for the process:

  • The check log should be compared either as a one-one-one or must be compared as batch totals to validate the deposit slips. These are returned from the bank explaining the validity and accuracy of each and every deposit.
  • Person SY must endorse the checks as soon as she opens the mail...

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