Assignment 7

Question 1:

The following contains the various steps of the financial reporting process. Place these steps in
the proper order and indicate whether each step is a function of the TPS, GLS, or FRS.

1. Record transaction in special journal -

(TPS)

2. Make adjusting entries – Financial Reporting System

(FRS)

3. Capture the transaction –

(TPS)

4. Prepare the post – closing trial balance -

(FRS)

5. Prepare adjusted trial balance –

(FRS)

6. Prepare financial statements –

(FRS)

7. Journalize and post the adjusting entries –

(FRS)

8. Post to the subsidiary ledger –

(FRS)

9. Post to the general ledger -

(GLS)

10. Journalize and post to the closing entries –

(FRS)

11. Prepare the unadjusted trial balance –

(FRS)
ORGANIZATION STRUCTURE AND SPAN OF CONTROL Refer to the organization chart labeled
Structure A and Structure B in the figure for problem 11.
Required
A.) For the organizational structure A describe the
1. Advantages and disadvantages of this structure
2.) Impact Of the resulting span control
3.) Possible effect on employee behavior
B.) For organizational structure B describe the
1.) Advantages and disadvantages of this organizational structure
2.) Impact of the resulting span of control
3.) Effect of the organizational structure on employee behavior
C.) When determining the appropriate span of control discuss the factors that should be considered.