Payment Acquisition Process and Integration with Happy Eddie

Payment Acquisition Process and Integration with Happy...

Info iconThis preview shows pages 1–9. Sign up to view the full content.

View Full Document Right Arrow Icon
Click to edit Master subtitle style ACCT-361  Accounting Information Systems Payment Acquisition 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
Announcements n Final exam dates as given by the Registrar: q Monday 12/14 7:30 pm to 10:15 pm n Exam guide will be distributed next week n Final projects are due on December 7th (2 weeks) n Sign-up sheet for volunteer presenters to be passed out next Monday
Background image of page 2
Sales/Collection Process Customer Sale documents (e.g. title) Payment Management (Eddie) Salespersons Trade In and Sales data Deposit data Receivables data Cashier Salesperson data Bank Deposits Bank Statements Inventory data Loan Payment Reminders Warranty Level Zero DFD for Happy Eddie’s
Background image of page 3

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

View Full DocumentRight Arrow Icon
Happy Eddie’s n Let’s continue with the conceptual model . . . Sales/Collection Payment/Acquisition Conversion Sell used autos Sell warranties (service) Sell loans (financing) Receive payments Purchase parts Purchase used cars Accept trade-ins Disburse cash (HR, Financing, and Fixed Assets are not described) Repair cars
Background image of page 4
Objectives of the Sales/Collection Process 1. Minimize the amount of time between the selection of products and services and the collection of cash. 2. Minimize the amount of cash that is not collected from customers for goods and services provided. 3. Structure product quality and price to balance customer value and organization profitability.
Background image of page 5

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

View Full DocumentRight Arrow Icon
Objectives of the Purchase/Acquisition  Process 1. Purchase items from reliable vendors. 2. Purchase high quality or at least items of the desired quality. 3. Obtain the items at the best possible price. 4. Purchase only those items that are properly authorized and are for legitimate company purposes. 5. Have resources available and in a useful condition when they are needed by the company. 6. Receive only those items ordered, and receive all the items ordered. 7. Control items received so they are not lost, stolen, or broken. 8. Pay for the items received in a timely manner and to the appropriate party.
Background image of page 6
Acquisition/Payment Process in an Enterprise  Value System n Includes: q Purchase/Acquisition of Inventory, Supplies, and Services q Purchase/Acquisition of Financing q Purchase/Acquisition of Human Resources discussed in future lectures
Background image of page 7

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

View Full DocumentRight Arrow Icon
Typical Operating Events in 
Background image of page 8
Image of page 9
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 / 37

Payment Acquisition Process and Integration with Happy...

This preview shows document pages 1 - 9. Sign up to view the full document.

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