Huffman Trucking

In: Business and Management

Submitted By summer123
Words 1459
Pages 6
Huffman Trucking
August 24, 2009

Huffman trucking
The trial balance can be prepared at any point in time which lists all ledger account and the balances are used to provide the equality of debits and credits. Assets are listed first followed by liabilities and then owner’s equity. The trial balance proves that the accounts balance, but does not ensure that all transactions were entered or entered in the proper accounts. At Huffman Trucking we have decided to integrate an automated accounting information system (AIS) using internal controls to ensure the correct data and information reach the right departments in a timely manner. We will explore the importunateness of the AIS internal control and how they are different from a non-automated system.
Integration of the automated AIS When it comes to the trial balance, companies can find at the end of the accounting cycle the trial balance has many errors. We would like to introduce the trial balance that is completely automated and could alert the company if any errors were to occur at any given time. We should have a system set up to remind the accounting department to check the trial balance for errors on a weekly basis. As stated by (2007), “The more often the trial balance is calculated during the accounting cycle, the easier it is to isolate any errors; more frequent trial balance calculation narrow the time frame in which the error might have occurred, resulting in few transactions through which to search,” (¶ 6). This allows time to check for any missed transactions as well. The accountant in charge could take a look at transactions for the week and then could make any necessary entries, ones that were left out or to correct the erroneous ones. To do this we must first set up perimeters to remind the accountant to check the preliminary trial balance. It could be a simple…...

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