This page contains an updated, alphabetized list of the sample process flows that are available on KnowledgeLeader. These process flows are provided in downloadable versions, so they can be customized for use in your organization.
A
Accounts Payable Process Flow
This process flow focuses on vendor management, purchase requisition/PO approval, invoice processing, cash disbursement and expense reports.
Accounts Receivable Process Flow
This process flow focuses on the accounts receivable process including steps for credit review and credit limit granting, cash receipts, cash application, bad debt write off and establishing reserves.
Acquisition of Business, Contracting and Revenue Recognition Process Flow
This sample process flow focuses on the acquisition of business, contracting and revenue recognition. It addresses the risk that projects are not properly maintained in the system, resulting in revenues that are not accurately presented in the financial statements. Also included throughout the process flow are controls to mitigate associated risks.
Acquisition Process Flow
This acquisition process flow focuses on identification and assessment of the target company, due diligence, finalizing the acquisition, purchase price accounting, direct costs, opening of new legal entities, and subsequent accounting.
AP Invoice Unblocking Process Flow
This process flow focuses on the accounts payable process when invoices for goods have been blocked. There are two common types of discrepancies that can cause blocked invoices: a missing proof of delivery or a price or quantity invoice discrepancy.
AP Invoice Process: Material Goods Process Flow
This process flow focuses on the accounts payable process for material goods invoices at a refinery. It addresses the risk that invoices are not properly approved and/or overpaid. Also included throughout the process flow are controls to mitigate associated risks.
AR Aging and Collections Process Flow
This process flow focuses on the accounts receivable aging and collection process. Steps include reviewing aging of balances, coordinating the payment status with the claims company, coordinating the payment with the customer, and writing off appropriate accounts.
AR and Cash Application Process Flow
This process flow focuses on the accounts receivable and cash applications process. It outlines steps such as: setting up new customer accounts; reconciling bank accounts; and researching payment discrepancies.
B
Budgeting Process Flow
This sample process flow focuses on the budgeting process. The budgeting process focuses on developing corporate strategy, creating an annual budget, approving the annual budget, and monitoring budget-to-actual results. Also included are performance measures related to the budgeting process.
C
Child Care Process Map
This flowchart defines the steps in a child care process including the controls and procedure specifications.
Close the Books Process Flow
Closing the books refers to the steps required for financial statement preparation. There are steps that should be followed to ensure journal entries are posted correctly. When journal entries are posted improperly and general ledger balances are inaccurate, there is pervasive business risk involved due to the resulting misstated financial statements. This document can be used as a general guide to understand and review the close the books processes.
Close the Books Process Flow: Sample 2
This process flow focuses on chart of account maintenance, month-end close processes, consolidation, analytical reviews and reconciliations, segment reporting, and commitments and contingencies.
Close the Books Process Flow: Accounts Payable, Accounts Receivable, Payroll and Sales Tax
This is a preliminary assessment questionnaire for the close the books process, which can be presented to managers or process owners before conducting an internal audit. It is intended to help the internal audit department understand existing business processes and management's view of the internal control environment.
Contract Management Process Flow
This process flow focuses on the contract management process. It outlines steps such as: contract review and approval; updating contract database; and review by requesting party.
D
Data Conversion Process Flow
This process flow sample details the steps involved in the conversion of data from one application into another application.
E
Employee Leave Benefits Process Flow
This employee leave benefits process flow focuses on steps for the development of a leave policy and the processing of leave claims.
Equity Stock Compensation Process Flow
This process flow focuses on stock awards, stock option exercises, employee stock purchase plans, and stock-based compensation accounting.
F
Financial Reporting Process Flow
This process flow focuses on the annual reporting on Form 10-K and quarterly reporting on Form 10-Q.
Flexible Benefits Process Map
This flowchart defines the steps for flexible benefits process at a company.
Forecasting and Budget-vs-Actual Analysis Process Flow
This process flow focuses on the development of the annual plan, development of the quarterly forecast, and the quarterly forecast-vs-forecasted actual review.
H
Healthcare Dependents Process Map
This flowchart defines the steps for dependents healthcare process.
Human Resources Management and Employee Setup Process Flow
This process flow focuses on the human resources management and employee setup processes. It addresses risks such as setting up fictitious employees in the payroll system and properly processing termination requests. Also, included throughout the process flow are controls to mitigate associated risks.
I
Impairment Process Flow
This process flow details the various steps involved in the impairment process, covering determination of reporting units, fair value models and reviews and reconciliations.
Inventory Process Flow
This process flow details the various steps involved within the manufacturing and inventory processes, including bill of materials, standard cost, configure to order orders, and amortization.
IT Change Management Process Flow
The process flow is the source for understanding the IT change management process from beginning to end, from both a process and information technology perspective. This document focuses on several IT change management phases, including initiate, assess/approve, build/test, implement, verify/close, and emergency changes.
L
Lockbox Process Flow Chart
This process flow document focuses on the lockbox process, from the time the check is received at the lockbox point through posting the payment to a customer billing account.
O
Order Entry, Billing and Shipping Process Flow
This process flow focuses on order entry, billing and shipping, outlining steps such as: purchase order preparation and approval, invoice review and approval, and recognizing revenue upon product shipment.
P
Payroll Calculation Process Flow
This process flow focuses on specific aspects of the payroll calculation process. It provides information involved with calculating payroll for both hourly and salaried employees.
Payroll Process Flow
This process flow focuses on the payroll process. It identifies risks such as entering incorrect employee information into the system and making unauthorized adjustments to employee hours.
Payroll Process Flow: Sample 2
This process flow focuses on the new hire, time capture, payroll, rate change, bonus, retirement plan and terminations processes.
Payroll Process Flow: Sample 3
This process flow focuses on headcount requests, personnel requisitions and the offer process.
P-Card Design Process Flow
This sample process flow focuses on the use, maintenance and changes related to purchasing cards (p-cards).
Procurement, Disbursement and Accounts Payable Process Flow
This process flow focuses on the procurement, disbursement and accounts payable processes. It addresses risks such as purchases not properly approved by upper management and cash disbursement activities that are not properly segregated. Also included throughout the process flow are controls to mitigate associated risks.
Product Pricing Process Flow
This process flow outlines the entire product pricing process.
Program Authorization Process Flow
This process flow focuses on the program authorization process. It outlines steps such as: generating program idea; documenting proposed program; and program approval.
Property and Equipment Process Flow
This process flow details the various steps involved in managing property and equipment, including write-offs, disposals and impairment.
R
Revenue and Accounts Receivable Process Flow
This process flow details the steps involved in the processes within the revenue and accounts receivable function.
S
Sales and Marketing Development Process Flow
This process flow focuses on the sales and marketing development function. Steps include allocating marketing funds to business units, creating promotion plans, generating marketing program payments, approving marketing program payments, and analyzing marketing program commitments.
Sales Forecast Process Flow
This sample sales forecasting process can be used as a general guide to help with understanding and reviewing a company's sales forecasting procedures. Accurate forecasting benefits the financial, operational, production, inventory and marketing functions within a company.
Sarbanes-Oxley Check Disbursement Process Flow
This process flow provides the tasks involved in the process of Sarbanes-Oxley check disbursement, including taking account of invoices and preparing required checks.
Self-Assessment Process Flow – High-Level Overview
This process flow document provides a high-level overview of the control self-assessment process, focusing on identifying inherent risks, developing surveys, and action/test plans for identified gaps requiring remediation.
SOX Process Flow – High Level Methodology
This process flow documents a high-level methodology for Sarbanes-Oxley compliance.
Stock Options Process Flow
This stock option process flow focuses on the following areas: grant process, exercise of options, terminating employees with outstanding stock options and roll-forward of database activity.
Subcontractor Approval and Payment Process Flow
This process flow focuses on subcontractor approval and payment. It addresses the risk that subcontractor work is not properly approved and/or overpaid. Also included throughout the process flow are controls to mitigate associated risks.
T
Tax Process Flow
This sample tax process flow focuses on income tax provision, forecast of annual book income, tax reserves, discrete items, DTA realization, disclosure controls, and more.
Treasury and Cash Management Process Flow
This process flow focuses on the treasury and cash management processes, specifically addressing risks such as securing money wire transfers and approval of cash disbursements. Also included throughout the process flow are controls to mitigate associated risks.
Treasury Process Flow
This process flow focuses on cash management, entity funding, investments, stock repurchase and month-end activities.
U
User Access Security Process Flow
This document focuses on the process to manage user access changes to company IT systems.
V
Vehicle Production, Planning and Scheduling Process Flow
This process flow focuses on vehicle production, planning and scheduling, focusing on steps such as monitoring forecasts and production planning.