Prepare a data flow chart and a document flow chart. Highlight any controls that exist as well as the individual steps.

The accountant in the controllers office is starting to work on the closing process for November. The accountant reviews the interfaces from the modules (payroll, purchasing, AP, AR, revenue, cost accounting, inventory and fixed assets). The account identifies that the Purchase to Pay (AP) transactions have not be recorded. The accountant contacts the accounts payable supervisor. The supervisor generates the transactions. The accountant reconciles the control accounts without exception. The accountant records adjusting entries for depreciation expense. The accountant also records the journal entry for dividends that were issued. The controller reviews the draft reports and identifies the following entries that still need to be made: estimate for utilities and inventory that was received on Nov 30 that was not recorded. The accountant records the missing entries using prenumbered journal entries. However, the depreciation entry did not balance and the accountant was alerted. The accountant corrected the journal entry. The controller reviews the reports again and they are now final. The reports are distributed internally and to external stakeholders (SEC and banks). Closing entries are recorded by the computer. Managerial departmental reports are generated, reviewed by the controller and internally distributed.