The Journal Entry Application's (JEA) function is to create journal entries. The JEA receives notice from the Billing Process Application (BPA) that

an invoice has been created. The JEA requests the corresponding Sales Order (SO), Goods Delivered Note (GDN) and invoice from the Manage

Documents Application (MDA). The JEA matches the SO, GDN and invoice before a journal entry is created. When the documents match without

exception, the JEA creates a journal entry to debit accounts receivable and credit sales.

An exception report is generated for discrepancies between the SO, GDN and invoice. The sales manager resolves issues and works with the

warehouse, shipping and billing managers, as needed, to correct the problems and the controller or accounting manager is notified of the problem

and reviews the results. The order is canceled in the system and a new one is created and processed.

The JEA interfaces with the Post Journey Entry Application (PJEA). Error reports are generated for exceptions and resolved by the billing manager

and the controller or accounting manager is notified of the problem and reviews the results.

section 2: Performing a walk-through

1. Describe the process or transaction flow component.

2. Indicate the critical path component (initiation, authorization, processing, recording or reporting).

3. Provide a brief description of the process flow.

4. Describe what could go wrong in the process.

5. Describe the controls in place to address the risk.

6. List the control owner the person responsible for operating the control.

7. Indicate who you would interview and what type of documentation or evidence you would obtain.

8. Based on the controls you identified (and assuming that the ITGCs are effective), indicate if the control design is effective and if it has been

implemented.