Class 11 - Sales Collection Process0

Class 11 - Sales Collection Process0 - ACCT361...

Info iconThis preview shows pages 1–24. Sign up to view the full content.

View Full Document Right Arrow Icon
Click to edit Master subtitle style ACCT-361 Accounting Information Systems n Review – Planning an IS n Sales/Collection Process
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Overview n Example of a completed project. n Sales collection process. n Adding a parameter query to the Invoice report
Background image of page 2
Sample Specific Business Risks in the  Sales/Collection Process n A shipment occurring without an authorized order n An order being approved without proper customer and credit review n An order being entered by an unauthorized employee n A shipment being sent to the wrong customer n A shipment containing incorrect or excess items n A shipment being sent to an employee’s address n A cash receipt being credited to a customer without receiving cash
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Example documents and reports (these are taken directly from the text) n Sales Call n Sales Order (merchandise and service) n Picking Slip n Packing Slip n Bill of Lading n Invoice Customer Statement with Remittance Advice Return Authorization n Receiving Report n Credit Memo n Aged A/R Report n Open Order Report
Background image of page 4
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 6
Background image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 8
Background image of page 9

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 10
Background image of page 11

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 12
Background image of page 13

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 14
Background image of page 15

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 16
Background image of page 17

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Accounts Receivable Step 1:  Total Sales through Balance Sheet Date “hard-wired” date date as parameter
Background image of page 18
Accounts Receivable Step 2: Total Cash Receipts for  Sales through Balance Sheet Date 2a: identify them 2b: sum them
Background image of page 19

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Accounts Receivable Step 3: Total Sale Returns through  Balance Sheet Date Identify and sum them
Background image of page 20
Accounts Receivable Step 4: Calculate A/R as sales  minus applicable cash receipts and sale returns
Background image of page 21

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Accounts Receivable Result without Nz   As of May 31, 2010 As of May 15, 2010
Background image of page 22
Adjusted Accounts Receivable Step 4 (using Nz to  control null values)
Background image of page 23

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 24
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 02/05/2011 for the course SOM 492 taught by Professor Minecar during the Spring '11 term at George Mason.

Page1 / 41

Class 11 - Sales Collection Process0 - ACCT361...

This preview shows document pages 1 - 24. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online