Accounting Process Automation

For this assignment, you will formulate a "mapping" plan as if you were beginning the process of accounting system automation for a governmental unit.

1. What overall considerations do you think you would make in deciding whether or not to automate an organization?

2. How will you assess a particular task on its ability to be automated?

3. Which accounting journal entries would be suitable for process automation? (Choose 5 journal entries from the list below)

4. Which accounting journal entries could be automated but might require human interaction to review for accuracy? (Choose 5 journal entries from the list below)

5. Which accounting journal entries are nearly impossible to automate? (Chose 5 journal entries from the list below)

Journal Entry List

Recording the Budget Re-establishment of Encumbrances (Prior Year) Recording Prior-year Property Taxes as Revenues Tax Anticipation Notes Payable Payments of Liabilities as Recorded Encumbrance Entry (Purchase Orders)Recording Property Tax Levy Collection of Delinquent Taxes Collection of Current Taxes Other Revenues (Sales Tax) Repayment of Tax Anticipation Notes Recognition of Expenditures for Encumbered Items Payrolls and Payroll Taxes Payment on Account and Other Items Correction of Errors Amendment of Budget Interfund Services Provided and Used Interfund Transfers Interfund Reimbursements Write-off of Uncollectible Delinquent Taxes Accrual of Interest and Penalties Deferral of Property Tax Revenue Special Item

odified accrual accounting is illustrated in Chapter 3 along with the use of budgetary accounts. This chapter applies that knowledge by recording common transactions and events in the operation of the General Fund and a special revenue fund of a hypothetical local government, the Village of Riverside. We will continue with the Village of Riverside in Chapters 5 through 8, demonstrating governmental, proprietary, and fiduciary fund accounting. Chapters 4 through 7 present the required fund-basis financial statements, and Chapter 8 illustrates the preparation of government-wide financial statements. In the interest of clarity of presentation, subsidiary ledgers are not illustrated throughout this chapter for the budgetary and operating statement accounts, but keep in mind that more detailed general ledger accounts for revenues, expenditures, and budgetary accounts would be required in actual situations. odified accrual accounting is illustrated in Chapter 3 along with the use of budgetary accounts. This chapter applies that knowledge by recording common transactions and events in the operation of the General Fund and a special revenue fund of a hypothetical local government, the Village of Riverside. We will continue with the Village of Riverside in Chapters 5 through 8, demonstrating governmental, proprietary, and fiduciary fund accounting. Chapters 4 through 7 present the required fund-basis financial statements, and Chapter 8 illustrates the preparation of government-wide financial statements. In the interest of clarity of presentation, subsidiary ledgers are not illustrated throughout this chapter for the budgetary and operating statement accounts, but keep in mind that more detailed general ledger accounts for revenues, expenditures, and budgetary accounts would be required in actual situations