Assignment Content Competency Analyze the role of accounting in business operati
Assignment Content Competency Analyze the role of accounting in business operations. Student Success Criteria View the grading rubric for this deliverable by selecting the This item is graded with a rubric link which is located in the Details & Information pane. Scenario The Director of Accounting is working on a project to update their department policy and procedures manual.The current policy and procedure manuals are lacking flowcharts as a visual representation of the procedures in place. Your assistance in completing the flowchart for the payment receipt process will complete this portion of the manual. The director has asked you to attend a meeting with the Accounts Receivable staff and take the current customer payment procedure and transform it into aflow chartto include in the manual. You make the following notes during the meeting that correspond to the procedure currently in place: Payment is received in the mail Payment is checked against outstanding invoices If the payment matches the invoice then check to see if the amount matches if both the invoice and the amounts match then the receipt is recorded and the check deposited in the bank if the amounts do not match then If it is an overpayment then deposit check in bank and write up a refund check request If it is an underpayment then deposit check in bank and contact customer and request additional payment If the payment does not match the invoice then send copy of check to sales department to create invoice go back to step 3 Instructions Submit your completedflowchart(using Word) to the Director of Accounting. Using Microsoft Word construct a flowchart that represents the Payment Receipt Process. Your flowchart should: use consistent design elements and shapes. fit on one page with all text remaining readable. make sure that the flowlines are complete and there are no incomplete paths.
