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Conversion Process

Conversion Process - ACCT361 Click to edit Master subtitle...

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Click to edit Master subtitle style ACCT-361 Accounting Information Systems Conversion Process
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Announcements n Final Exam Study Guide n Sign-up for presentations n All projects must be uploaded to Bb by the start of Class #27 (4/28) n Example student project n What must be handed-in
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Acquire Financing Receive Cash Hire & Use EmployeeServices Convert/Build Products Sell Goods/ Services Purchase Resources Disburse Cash Financial Instruments Property, Plant, & Equipment Cash Vendors Employees Customers Goods/Services Resources Investors & Creditors Generic Overview of an Entire Business
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Conversion Processes Vary n In Manufacturing: Job Costing or Process Costing n In Service Industries: Job Costing n Events q Will vary with each industry and entity q Agents are typically all internal q Resources include inventories, equipment, labor, and even contracts/jobs
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Conversion Process Objectives n Control costs of operations, including raw materials, labor and other manufacturing or direct costs n Maintain and increase worker productivity while minimizing defects and/or non-value added activities n Keep plant equipment in good repair.
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