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Answers for accounting information systems (AIS) please Q1) The following is a description of the payroll procedures for Autotive, a small company that customized Vans
Answers for accounting information systems (AIS) please
Q1) The following is a description of the payroll procedures for Autotive, a small company that customized Vans and buses according to customers' specifications: - The payroll department prepared a time card for each employee the payroll every Monday and leaves the time cards in a box near the entrance to the factory. Workers fill in their time daily. - The payroll clerk picks the time cards the following Monday when dropping off the new time cards. The payroll clerk then inputs the number of hours for each employee into the computer. - The payroll application calculates gross pay, deductions, and net pay, and prints a payroll register. - Payroll checks are prepared manually by the payrl clerk and signed by the ckief accountant, who takes them to the factory supervisor. The factory supervisor distributes the checks. The chief accountant prepared the monthly reconciliation of the payroll bank accounts. REQUIRED: List five recommendations for improving Automobile controls over it's payroll fuction. [10 Marks]Step by Step Solution
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