A flowchart is a picture of the separate steps of a process in sequential order. It is a generic tool that can be adapted for a wide variety of purposes, and can be used to describe various processes, such as a manufacturing process, an administrative or service process, or a project plan. After selecting the type of flowchart, prepare a presentation to explain this flowchart in detail to your company's managing director .. It is common practice to audit the balance in notes payable in conjunction with the audit of interest expense and interest payable. Why? What are the advantages of this strategy Best wishes