week 4 - acc5130_CH11_Fal10_3slides

week 4 - acc5130_CH11_Fal10_3slides - 9/21/2010 Accounting...

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9/21/2010 1 Accounting Systems: Design and Control Chapter 11 – Expenditure Cycle Ms. Pam J. Schmidt PhD Candidate Dept. of Accounting School of Business Administration CH 10 & 11: Revenue and Expenditure How do the revenue and expenditure cycles work? A typical merchandising firm Understanding business processes is critical. DFDs from the textbook How are the AIS-based activities processed Sage MAS 200 as "representative" accounting software (ERP) package The DFDs fit Sage MAS 200 ERP fairly closely, but . . CH 11: Expenditure Cycle: Key Issues What are the basic business activities and data processing operations? What decisions need to be made, and what if t i i dd ? information is needed? What are the major threats
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9/21/2010 2 Expenditure Cycle Primary objective: Minimize the total cost of acquiring and maintaining inventory, supplies, and services. Information about expenditure cycle activities flows to other accounting cycles Management evaluates the efficiency and effectiveness, requiring data about: R: Resources affected E: Events that occur A: Agents who participate Expenditure Cycle :
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This note was uploaded on 01/28/2011 for the course ACC 5130 taught by Professor Schmidt during the Fall '10 term at Wayne State University.

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week 4 - acc5130_CH11_Fal10_3slides - 9/21/2010 Accounting...

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