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week 5 - acc5130_Ch12_Fal10_Part1-3slides

week 5 - acc5130_Ch12_Fal10_Part1-3slides - Accounting...

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9/28/2010 1 Accounting Systems: Design and Control Chapter 12 – Production Cycle (Part 1) Ms. Pam J. Schmidt PhD Candidate Dept. of Accounting School of Business Administration CH 12: Production Cycle Definition of ‘Production’: a recurring set of business activities and related data processing operations associated with the manufacture of products. Ch 12: Production Cycle - Key Issues What are the basic business activities and data processing operations? What decisions need to be made, and what information is needed? What are the major threats What are the major controls related to those threats?
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9/28/2010 2 Information Systems Support Three basic AIS functions are carried out in the revenue cycle, i.e.: 1. Capturing and processing data. 2. Storing and organizing the data for decisions. 3. Providing controls to safeguard resources (including data). Production Cycle How does the ‘Production Cycle’ interact with each of the other Business Cycles? 1. Revenue Cycle 2. Expenditure Cycle 3. HR and Payroll 4. General Ledger and Reporting Figure 12-1, p. 463: Production Cycle - Context diagram
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9/28/2010 3 Decisions to make in Production Cycle 1.
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