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Class_2_Enterprise_Processes_lecture_nto

Class_2_Enterprise_Processes_lecture_nto - Enterprise...

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Enterprise Business Processes and Accounting IS Class 2 Sept 7, 2011
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Core Business Processes (transaction cycles)….what are they? 1. 2. 3. 4. 5.
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raw  materials manufactured  goods $$ $$ $$ $$ cash rec sale Cash    receipt Cash  paymnt payment labor  acquire labor labor facilities, services  & technology payment service  acquire manufacture  job material  issue manufacture  operation $$ $$ labor raw materials purchase payment Example Value  Chain Script-based pattern Connects business processes of an enterprise via the resource flows between the processes
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4 A group of related activities or transactions. For each transaction cycle . . . (1) (2) What is a transaction cycle?
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5 The basic give-get exchange is _________ , ___________. The external party type involved is ___________. For the ________ Cycle . . . Give Get
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6 The basic give-get exchange is: Give: __________________Get: __________________ The external party type involved is: ____________________________________________ For the ___________ Cycle . . . Give Get
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7 The basic give-get exchange is: Give: ___________Get:__________ Get:__________ The external party type involved is: ____________________________________________ For the ___________ Cycle . . . Give Get
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8 The basic give-get exchange is: Give: ________________Get:____________________ The external party type involved is: ____________________________________________ For the _________ Cycle . . . Give Get
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9 The basic give-get exchange is: Give: ________________Get:____________________ The external party types involved are: 1. ___________________2.______________________ For the __________ Cycle Give Get
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10 How do the cycles relate to each other? n In terms of resources they get and provide Revenue Cycle Expenditure Cycle Production Cycle Payroll Cycle Financing Cycle (a) (b) (c) (d) (e) (f)
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Other transactions in the revenue cycle include: BUSINESS CYCLES Handle customer inquiries Take customer orders Approve credit sales Check inventory availability Initiate back orders Pick and pack orders Ship goods Bill customers Update sales and Accts Rec. for sales Receive customer payments Update Accts Rec. for collections Handle sales returns, discounts, and bad debts Prepare management reports Send info to other cycles Note that the last activity in any cycle is to send information to other cycles.
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1. Purpose of Purchasing Process ©2010 Ronald R. Tidd Purchasing Process 12
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