5 Flashcards
______ use technology to improve efficiency and effectiveness
automation
_______ use technology to restructure business processes and firm’s organization
reengineering
This system
removes the physical separation between
authorization and transaction processing. Here, computer programs authorize and
process POs as well as authorize and issue checks to vendors.
Segregation of Duties
Traditional Segregation of Duties
Warehouse (stores)
Inventory control
Accounts payable
General ledger
Requisitioning
Purchases
Purchases returns and allowances
Cash disbursements
The __________ prepares
and submits Personnel action forms in preparing Payroll function
Personnel department
are documents which the employee’s Pay rate, Deductions, Job Classification and others. An example is a personnel action form used to advice payroll of an increase in an employee’s salary.
Personnel action forms
The _______ prepares
Time cards and Job Tickets to record employee performance.
Production department
________ keep track of the employees’
hours working on the job. The card is punched through a special timekeeping device that records their time of going in and out of the establishment.
Time cards
keep track of the employee hours spent on the job; it also indicates how many they have made on each product job.
Job Tickets
Transfer input resources, such as raw
materials, direct labor and factory overhead into finish goods or services for sale.
Traditional Manufacturing Environment
the central role of conversion cycle and interaction with other business.
the conversion cycle
Three (3) Production Method
- Continuous Processing – this
approach firms attain to maintain finish goods inventory at levels needed to meet expected sales demand. - Make-to-order Processing – it
initiated by sales order rather than inventory. - Batch Processing – discrete
batches of products. Each item is similar and requires same material and operations
________ this approach firms attain to maintain finish goods inventory at levels needed to meet expected sales demand.
Continuous Processing
_________ it initiated by sales order rather than inventory.
Make-to-order Processing
_________ discrete batches of products. Each item is similar and requires same material and operations
Batch Processing
depicts the primary information flows
that integrate these activities and link to the other system
Batch Processing System
Documents in the Batch Processing System
- Production Schedule – Formal plan to begin production.
- Bill of materials – Specifies the types and quantity of raw materials.
- Route Sheets – production path that a particular batch follows during manufacturing.
- Work Order – specify the materials of production for each batch.
- Move Tickets – work done in each work center and authorize the movement
- Materials Requisition – authorize the storekeeper to release materials to individual and work center for production purposes.
- the organization functions, the task
performed in each function and the documents that trigger or result of tasks.
Batch Production Activities
– info comes from inventory on hand, sales forecast, engineering and bill of materials.
Materials and Operation Requirement
- Materials, labor and overhead are
required to manufacture a product.
Work Centers and Storekeeping
Records the financial effects of the
physical effects that are occurring in the production process.
Begins with PP&C department sends
the copy of original word order to Cost Accounting Department.
Cost Accounting Activities
__________ this approach firms attain to maintain finish goods inventory at levels needed to meet expected sales demand.
Continuous Processing
___________ it initiated by sales order rather than inventory.
Make-to-order Processing
________ – discrete batches of products. Each item is similar and requires same material and operations
Batch Processing
