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Money Laundering Bartfields Forensic Accountants Blog Hmrc Remittance Basis Charge Flow Chart

Money Laundering Bartfields Forensic Accountants Blog

By Kelsie York on November 19 2018 23:13:38

Theres more to a great flowchart than directional flow, proper symbol use and branch consistency. If you are doing things the right way on all three of these fronts, however, you will be more likely to generate a powerful and usable than are those who make mistakes in these areas.

Each flowchart should ideally begin with a Terminator shape, from which the next step should be linked. Each shape should be indicative of a specific stage in the process and there are conventions for each of these, the most common being the rectangular Process shape. Many others exist, however, including shapes representing Data, Documents and Decisions. Decision shapes are diamonds, each of the four corners (or nodes) being either a link from the preceding shape or action to be taken in the next stage depending on the decision.

In a business, there would surely be different ways of keeping the business processes intact or maintained. There are different managerial skills and responsibilities that are applied as well as conceptual skills that are always imposed to leaders. These are the skills that would always be important of all. Without these skills, normally, the company would not work efficiently and would not be productive and progressive. This is somehow disturbing for the people involved in the company, either coming from the outside or inside premises.

Flow Inconsistency. Every flowchart needs to move in the right direction. Two conventions determine the proper direction of flow. Either you move from top-to-bottom or you move from right-to-left. When a flowchart features elements that are moving in different directions, interpretation can become very confusing. Violating the norms also makes it more difficult for people to get a grip on your system even if you are consistently moving in the wrong direction.

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