General Ledger Subsystem

I. Overview (overview plus indicate the contents of the system like internal controls, etc.)
II. Internal Controls
Control Objectives
Operational
Reporting
Compliance
Control Environment
Risk Assessment
Control Activities
Physical Control Activities (only apply physical controls applicable to your subsystem)
1. Authorization of transactions
2. Segregation of duties
3. Adequate records and documents
4. Security of assets and documents
5. Independent checks and reconciliations
Information Processing Controls
1. General controls (only apply general controls applicable to your subsystem)
a. Implementation Controls
b. Software controls
c. Physical hardware controls
d. Computer operations controls
e. Data security controls
f. Administrative controls
2. Application Controls (only apply application controls applicable to your
subsystem)
a. Input Controls
i. Input Authorization
ii. Data Conversion
iii. Batch control Totals
iv. Edit Checks
b. Processing Controls
i. Run Control Totals
ii. Computer Matching
c. Output Controls
Information and Communication
Monitoring Activities
III. Objectives of the General Ledger System
IV. Functions of General Ledger System (short description of the functions)
V. Narrative Procedures and Flowcharts
Task 1: End of the Month Procedures
Depreciation of Property, Plant and Equipment
Aging and Write-off of Receivables
Task2: Cash Sales
Task 3: Credit Sales
Task 4: Sales Returns
Task5: Reconciliation System of Payroll Cycle
Task 6: Acquisition of Fixed Assets
Task 7: Preparation of Bank Reconciliation
Task 8: Inventory Count
Task 9: Physical Asset Count
Task 10: Reconciliation System for Dividend Declaration and Payment