Chpt 2 outline

Chpt 2 outline - CHAPTER 2 Building Blocks of Managerial...

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CHAPTER 2 – Building Blocks of Managerial Accounting Types of companies Service companies Merchandise companies – retailers and wholesalers Manufacturer Wholesaler Retailer Customer Manufacturing companies Companies typically engage in certain types of activities called the entrepreneurial script The procurement cycles, transportation cycle, conversion cycle, customer service cycle, and sales cycle are part of the value chain
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FINANCING CASH RECEIPT CASH PAYMENT PROCUREMENT PAYMENT PURCH. $$$ $$$ TRANSPORTATION LOGISITIC OPERATION SHIPMENT $$$ raw materials HUMAN RESROUCES PAYMENT LABOR ACQUIRE labor labor labor PROCUREMENT PAYMENT PURCH. facilities, services, technology CONVERSION MATERIAL ISSUE MNFG. JOB MNFG. OPERATI ON CUSTOMER SERVICE SERVICE OPER. SERVICE CONTRACT labor delivered raw materials manufactured goods MARKETING AND SALES SALE CASH RECEIPT product services delivered manufactured goods $$$ labor $$$ Entrepreneurial Script and Value Chain
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PRODUCT COSTS Direct costs –
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This note was uploaded on 10/08/2011 for the course ACCT 101 taught by Professor Kang during the Spring '08 term at S.F. State.

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Chpt 2 outline - CHAPTER 2 Building Blocks of Managerial...

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