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  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
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This note was uploaded on 10/20/2011 for the course ACC 321 taught by Professor Dunn during the Spring '11 term at Michigan State University.

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Class_2_Enterprise_Processes_lecture_nto - Enterprise...

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