Core concepts of accounting information systems 13 by simkin norman chapter 10

44 657 0
Core concepts of accounting information systems 13 by simkin norman chapter 10

Đang tải... (xem toàn văn)

Tài liệu hạn chế xem trước, để xem đầy đủ mời bạn chọn Tải xuống

Thông tin tài liệu

Prepared by Paula Funkhouser University of Nevada, Reno Core Concepts of Accounting Information Systems, 13th Edition Mark G Simkin ● Jacob M Rose ● Carolyn S Norman Accounting Information Systems and Business Processes - Part I Chapter 10 Chapter 10: Accounting Information Systems and Business Processes - Part I • Introduction • Business Process Fundamentals • Collecting and Reporting Accounting Information • The Sales Process • The Purchasing Process • Current Trends in Business Processes Copyright © 2015 John Wiley & Sons, Inc All rights reserved Business Process Fundamentals • Overview of the Financial Accounting Cycle – – – – Journals Ledgers Trial Balances Financial Statements Copyright © 2015 John Wiley & Sons, Inc All rights reserved Journals • • Chronological record of business events by account General Journal – Records any type of accounting transaction • Special Journals – Captures specific types of transactions Copyright © 2015 John Wiley & Sons, Inc All rights reserved Types of Special Journals • Sales Journal – Record of credit sales transactions • Purchases Journal – Record of credit purchase transactions • Cash Receipts Journal – Record of transactions involving receipts of cash • Cash Disbursements Journal – Record of transactions involving disbursements of cash Copyright © 2015 John Wiley & Sons, Inc All rights reserved Ledgers • General Ledger – Contains detailed monetary information – Includes the assets, liabilities, owners’ equity, revenues, and expenses of the company • Chart of Accounts – Listing of all accounts used by the company – Provides organizational structure for the general ledger – Utilizes block coding structure Copyright © 2015 John Wiley & Sons, Inc All rights reserved Trial Balances • • Listing of all accounts with the debit and credit balances Timing of Preparation – After all journal entries are posted – Following the posting of adjusting entries – Following the posting of closing entries Copyright © 2015 John Wiley & Sons, Inc All rights reserved Financial Statements • Primary output of financial accounting system • Main Financial Statements – – – – Income Statement Balance Sheet Statement of Owners’ Equity Statement of Cash Flows Copyright © 2015 John Wiley & Sons, Inc All rights reserved Steps in the Accounting Cycle Copyright © 2015 John Wiley & Sons, Inc All rights reserved Coding Systems • Importance of Coding for AISs – Record, classify, store, and retrieve information – Utilize numeric and alphanumeric codes • Design Considerations – Must serve a useful purpose – Must be consistent – Plan for future expansion 10 Copyright © 2015 John Wiley & Sons, Inc All rights reserved Outputs of the Sales Process • Approved Customer Listing Report – Identifies customers approved for sales – Includes customer information such as billing address, credit limits, and billing terms • Sales Analysis Reports – Detailed information captured by AIS – Aid in decision-making process for production planning and marketing efforts 30 Copyright © 2015 John Wiley & Sons, Inc All rights reserved Sales Process Summary 31 Copyright © 2015 John Wiley & Sons, Inc All rights reserved Study Break #3 is (are) a collection of activities or flow of work in an organization that creates value A An economic event B Accounting transactions C A business process D A chart of accounts 32 Copyright © 2015 John Wiley & Sons, Inc All rights reserved Study Break #4 Which of the following is NOT an objective of the sales process? A Controlling inventory B Tracking sales of goods and/or services to customers C Billing for goods and services D Forecasting sales and cash receipts 33 Copyright © 2015 John Wiley & Sons, Inc All rights reserved The Purchasing Process • Process – Begins with request for goods/services – Ends with payment of cash • Primary Objectives of Purchasing Process – Purchase high-quality goods at best price – Pay vendors at the optimal time 34 Copyright © 2015 John Wiley & Sons, Inc All rights reserved Objectives of the Purchasing Process • Tracking purchases of goods and/or services from vendors • Tracking amounts owed • Maintaining vendor records • Controlling inventory • Making timely and accurate vendor payments • Forecasting purchases and cash outflows 35 Copyright © 2015 John Wiley & Sons, Inc All rights reserved Data Flow Diagram of Purchasing Process 36 Copyright © 2015 John Wiley & Sons, Inc All rights reserved Inputs to the Purchasing Process • Purchase Requisition – Identifies item requested – May indicate name of vendor • Purchase Order – Based on Purchase Requisition – Includes vendor information • Vendor Invoice – Includes prices, shipping terms, and discounts 37 Copyright © 2015 John Wiley & Sons, Inc All rights reserved Inputs to the Purchasing Process • Receiving Report – Count and condition of goods received • Bill of Lading – Accompanies the goods sent – Carrier assumes responsibility for the goods • Packing Slip – Specific goods and quantities included in shipment – Included in merchandise package 38 Copyright © 2015 John Wiley & Sons, Inc All rights reserved Sample Packing Slip 39 Copyright © 2015 John Wiley & Sons, Inc All rights reserved Outputs of the Purchasing Process • Financial Statement Information • Vendor Checks – Supported by a voucher – Signed by a person designated by management • Check Register – List of all checks issued for a particular period – By-product of batch processing 40 Copyright © 2015 John Wiley & Sons, Inc All rights reserved Outputs of the Purchasing Process • Discrepancy Reports  Notes differences in quantities or amounts  Based on reconciliation of purchase order, receiving report, and the purchase invoice • Cash Requirements Forecast  Predicts future payments and payment dates  Utilizes multiple source documents 41 Copyright © 2015 John Wiley & Sons, Inc All rights reserved Purchasing Process Summary 42 Copyright © 2015 John Wiley & Sons, Inc All rights reserved IT in Sales and Purchasing • Electronic input – Wireless capabilities • Automated data-entry technology – Bar code readers • Inventory Management Systems – RFID tags 43 Copyright © 2015 John Wiley & Sons, Inc All rights reserved Current Trends in Business Processes • Business Processes Outsourcing (BPO) – Business without boundaries – Offshoring • Business Process Management Software (BPM) – Collect corporate knowledge, data, and business rules – Accomplish business processes more efficiently 44 Copyright © 2015 John Wiley & Sons, Inc All rights reserved .. .Chapter 10: Accounting Information Systems and Business Processes - Part I • Introduction • Business Process Fundamentals • Collecting and Reporting Accounting Information • The... Source Documents • Manage flow of accounting data – – – – Dictate type of data collected Encourage completeness of data Distributors of information Establish authenticity of data • Usage today – Extensively... Contains detailed monetary information – Includes the assets, liabilities, owners’ equity, revenues, and expenses of the company • Chart of Accounts – Listing of all accounts used by the company – Provides

Ngày đăng: 15/05/2017, 11:43

Từ khóa liên quan

Mục lục

  • Accounting Information Systems and Business Processes - Part I

  • Chapter 10: Accounting Information Systems and Business Processes - Part I

  • Business Process Fundamentals

  • Journals

  • Types of Special Journals

  • Ledgers

  • Trial Balances

  • Financial Statements

  • Steps in the Accounting Cycle

  • Coding Systems

  • Types of Codes

  • Block Code Example

  • Study Break #1

  • Study Break #2

  • Collecting and Reporting Accounting Information

  • Designing Reports

  • Example of a Report

  • Source Documents

  • Sample Purchase Order

  • Sample Sales Invoice

  • Business Process

  • The Sales Process

  • Objectives of the Sales Process

  • Data Flow Diagram of Sales Process

  • Inputs to the Sales Process

  • Slide 26

  • Outputs of the Sales Process

  • Slide 28

  • Accounts Receivable Aging Report

  • Slide 30

  • Sales Process Summary

  • Study Break #3

  • Study Break #4

  • The Purchasing Process

  • Objectives of the Purchasing Process

  • Data Flow Diagram of Purchasing Process

  • Inputs to the Purchasing Process

  • Slide 38

  • Sample Packing Slip

  • Outputs of the Purchasing Process

  • Slide 41

  • Purchasing Process Summary

  • IT in Sales and Purchasing

  • Current Trends in Business Processes

Tài liệu cùng người dùng

  • Đang cập nhật ...

Tài liệu liên quan