a) Explanation Given diagram: Prepare a control matrix that includes a control plan, which helps to accomplish control goals: Note: Timely deposit of checks and comply with compensating balance agreement with depository banks are included to ensure the effectiveness of operations. Preformatted input screens: Simplified data entry and the structured data entry process helps to save the time and it helps to obey with balance agreement. It helps to ensure the efficient employment of resources. Preformatted input screen ensures input accuracy, as the cursor automatically moves to another field once the data filled in the current field. Online prompting: Questioning users for the input help to save the time and it helps to obey with balance agreement. It helps to ensure the efficient employment of resources. Guidance from an online source helps to reduce the error in the input document. Programmed edit checks: Programmed edit checks help to identify the errors in the input document, then the clerk will take corrective actions based on the identified errors. it helps to obey with balance agreement and saves time. The edits in the input document help to identify enormous errors, which would result in improved accuracy... b) Summary Introduction To annotate: The given system flowchart. Introduction: Accounting Information System (AIS) is said to be the specialized subsystem of the Information System (IS). AIS can be used in the business events for the purpose of collecting, processing, and reporting the financial information.

A control matrix that includes a control plan, which helps to accomplish control goals. Introduction: Accounting Information System (AIS) is said to be the specialized subsystem of the Information System (IS). AIS can be used in the business events for the purpose of collecting, processing, and reporting the financial information.

Accounting Information Systems

11th Edition

ISBN: 9781337552127

Author: Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill

Publisher: Cengage Learning

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Question

Chapter 9, Problem 1P

Summary Introduction

To prepare: A control matrix that includes a control plan, which helps to accomplish control goals.

Introduction:

Accounting Information System (AIS) is said to be the specialized subsystem of the Information System (IS). AIS can be used in the business events for the purpose of collecting, processing, and reporting the financial information.

Summary Introduction

To annotate: The given system flowchart.

Introduction:

Accounting Information System (AIS) is said to be the specialized subsystem of the Information System (IS). AIS can be used in the business events for the purpose of collecting, processing, and reporting the financial information.

Expert Solution & Answer

Similar questions

Transactions related to revenue and cash receipts completed by Sycamore Inc. during the month of March 20Y8 are as follows: Prepare a single-column revenue journal and a cash receipts journal to record these transactions. Use the following column headings for the cash receipts journal: Fees Earned Cr., Accounts Receivable Cr., and Cash Dr. Place a check mark () in the Post. Ref. column to indicate when the accounts receivable subsidiary ledger should be posted.
Transactions related to purchases and cash payments completed by Wisk Away Cleaning Services Inc. during the month of May 20Y5 are as follows: Prepare a purchases journal and a cash payments journal to record these transactions. The forms of the journals are similar to those illustrated in the text. Place a check mark () in the Post. Ref. column to indicate when the accounts payable subsidiary ledger should be posted. Wisk Away Cleaning Services Inc. uses the following accounts:

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