Question
I need assistance with my assignment, the full requirement is pasted bellow for reference. Just to clarify, I need held with the transaction process that
I need assistance with my assignment, the full requirement is pasted bellow for reference. Just to clarify, I need held with the transaction process that is involved in collection of accounts receivables, not the flowchart or narrative. PLEASE DO NOT ATTEMPT TO GO FURTHER THAN THAT.
Utilizing the basic symbols and specialized symbols for flowcharting found in Chapter 2 of the Bodnar and Hopwood textbook, select an accounting transaction process (e.g. sales on account, collection of accounts receivables) and make a flowchart of the transaction process. Make sure the flow chart covers all aspects of customer service, vendor relations and the internal control process.
In written narrative, using supporting research, analyze the importance of specific internal controls for this transaction process and how effective controls can prevent inaccurate financial reporting.
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