Module - Purchase-to-Pay Controls Assignment
The narrative and flowchart that follow these instructions provide information about Moxy, Inc., a company selling industrial cleaning supplies. Please complete the following three (3) tasks:
(a) Using an Excel spreadsheet or a Word table, prepare a control matrix for Moxy's business process as described in the narrative on the next page and shown in the flowchart on the page that follows that. Note that it should be either a "purchasing/receiving" process (Ch. 12) or an "AP/CD" process (Ch. 13). You must decide which process fits the fact pattern.
For purposes of preparing the "effectiveness" columns of your flowchart, you should assume that you have the following 2 goals:
1. Optimize cash discounts
2. Ensure that the amount of cash maintained in demand deposit accounts is sufficient (but not excessive) to satisfy expected cash disbursements.
(b) Provide explanations for each control plan that clearly describe how each of the control goals that you have selected in your matrix meets the corresponding control plan. Examples of how these explanations are prepared and formatted appear in Chapter 9 (e.g., pp. 327-328; 335), Chapter 12 (e.g., pp. 486-487) and Chapter 13 (pp. 526-527). Remember that the excerpts from the textbook are examples to help you create your OWN set of explanations, and your explanations should fit the chosen control plans and goals reflected in your matrix as it applies to Moxy.
(c) Annotate the flowchart (see textbook for examples) that I have attached once your control matrix in part (a) and your explanations in (b) are complete. You can literally write on the flowchart that I have created, then scan it into a pdf file or take a GOOD picture of it with your phone and save it as a jpeg, png or pdf file. There is DEFINITELY no need to re-create the flowchart itself-not a good use of your limited time.
Attachment:- Assignment.rar