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nia is a seasoned accountant at WAYNECO who has been appointed the accounts payable subject ter expert for the company's upcoming migration to Oracle's NetSuite

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nia is a seasoned accountant at WAYNECO who has been appointed the accounts payable subject ter expert for the company's upcoming migration to Oracle's NetSuite software. She has decided t ument and analyze the accounts payable process at WAYNECO so the transition from their manual esses will be easier. She also hopes to improve any control weaknesses or operational inefficienci discovers in the system. In the following narrative, Virginia explains what currently happens at NECO: Before WAYNECO pays a vendor invoice, the invoice must be matched against the purchase order used to request the goods and the receiving report that the receiving department prepares. Because all three of these documents enter the accounts payable department at different times, a separate alphabetical file is kept for each type of document. The purchase orders forwarded from purchasing are stored in a purchase order file. The receiving reports are stored in a receiving report file. When vendor invoices are received, the accounts payable clerk records the amount due in the accounts payable file and files the invoices in the vendor invoice file. WAYNECO pays all accounts within 10 days to take advantage of early-payment discounts. When it is time to pay a bill, the accounts payable clerk retrieves the vendor invoice, attaches the purchase order and the receiving report, and forwards the matched documents to Virginia. Virginia reviews the documents to ensure they are complete, prepares a two-part check, forwards all the documents to Roy Williams, the WAYNECO's President, and records the check in the cash disbursements journal. Roy reviews the documents to ensure that they are valid payables and signs the checks. He forwards the check to the vendor with any transmittal stubs required, and returns the remaining documents and the check copy to the accounts payable clerk. The clerk files the documents alphabetically in a paid invoice file. At the end of every month, the accounts payable clerk uses the accounts payable ledger to prepare an accounts payable report that is forwarded to Roy for review. After he is finished with the report, Roy files it chronologically in accounts payable reports file. jired: 1. Prepare a Process Flowchart to document accounts payable processing at WAYNECO. 2. Prepare a Data Flow Diagram to document accounts payable processing at WAYNECO

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