07_Sales_and_Purchase_BP

07_Sales_and_Purchase_BP - Econ 185 Lecture 07 Econ 185...

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Econ 185 Lecture 07 1 Econ 185 Glenn Owen UC Santa Barbara ` Business process fundamentals ` Sales business process Objectives Events Inputs Inputs Outputs ` Purchasing business process Objectives Events Inputs Outputs 2 ` Accounting cycle ` Coding types ` Source documents 3
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Econ 185 Lecture 07 2 4 ` Mnemonic codes ` Sequence codes ` Block codes ` Group codes 5 Listed below are several types of accounting data that might be coded. For each data item, recommend a type of code (mnemonic, sequence, block, or group) and give reasons for your choice. a. employee identification number on a computer file b. product number for a sales catalog c. inventory number for the products of a wholesale drug company d. inventory part number for a bicycle manufacturing company e. identification numbers on the forms waiters and waitresses use to take orders f. identification numbers on airline ticket stubs g. automobile registration numbers 6
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Econ 185 Lecture 07 3 Listed below are several types of accounting data that might be coded. For each data item, recommend a type of code (mnemonic, sequence, block, or group) and give reasons for your choice. h. automobile engine block numbers i. shirt sizes for men’s shirts j. color codes for house paint k. identification numbers on payroll check forms l. listener identification for a radio station m. numbers on lottery tickets n. identification numbers on a credit card o. identification numbers on dollar bills 7 ` Sales invoice ` Purchase order ` Check 8 9
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Econ 185 Lecture 07 4 10 11 ` Financial statements Income statements Balance Sheet Statement of cash flows ` A/R aging ` Sales by customer summary ` Inventory status 12
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Econ 185 Lecture 07 5 13 14 15
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Econ 185 Lecture 07 6 16 17 18
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Econ 185 Lecture 07 7 ` Defined ` Objectives ` Events ` Inputs ` Outputs 19 ` Tracking sales of goods and/or services to customers ` Filling customer orders ` Billing for goods and services ` Collecting payment for goods and services ` Forecasting sales and cash receipts 20 ` Collect the order ` Ship the goods/provide services ` Collect payment 21
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Econ 185 Lecture 07 8 ` Sales Order ` Sales Invoice ` Remittance Advice ` Shipping Notice ` Debit/Credit Memoranda 22 ` Financial Statement Information ` Customer Billing Statement
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This note was uploaded on 02/05/2009 for the course ECON 185 taught by Professor Owen during the Spring '08 term at UCSB.

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07_Sales_and_Purchase_BP - Econ 185 Lecture 07 Econ 185...

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