Draw the current business process activities by using Flowchart. B) Identify the internal control weakness in Lancaster's system, and recommended ways to correct them

Lancaster Company makes electrical parts for contractors and home improvement retail stores. Described the partial business process: a. The operations department that needs the equipment normally initiates a purchase requisition for equipment. The operations department supervisor discusses the proposed purchase with the plant manager. If there are sufficient funds in the requesting department's equipment budget, a purchase requisition is submitted to the purchasing department once the plant manager is satisfied that the request is reasonable. b. When the purchasing department receives either an inventory or an equipment purchase requisition, the purchasing agent selects an appropriate supplier and sends them a purchase order. c. When equipment arrives, the user department installs it. The property, plant, and equipment control accounts are supported by schedules organized by year of acquisition. The schedules are used to record depreciation using standard rates, depreciation methods, and salvage values for each type of fixed asset. These rates, methods, and salvage values were set 10 years ago during the company's initial year of operation. d. Simultaneously, when the purchasing department proceed a transaction with supplier, the finance department will make payment based on invoice received directly from the supplier. Payment terms vary according to request from supplier. Generally, payment is made in full when the goods are received, or 50% when the order sent and 50% when the goods are received. e. When equipment is retired, the plant manager notifies the accounting department so the appropriate accounting entries can be made. f. There has been no reconciliation since the company began operations between the accounting records and the equipment on hand