Before Midterm (Ch. 1-8) Flashcards
1
Q
Objectives of the financing process
A
- effective cash management
- cost of capital optimization
- earn maximum return on investments
- project cash flows
2
Q
Inputs of financing process (source documents)
A
- Remittance advices
- Deposit slips
- Cheques
- Bank statements
- Stock market data
- Interest data
- Financial institution profiles
3
Q
Outputs (Reports)
A
- Financial statement information
- Cash budget
- Investment reports
- Debt and interest reports
- Financial ratios
- Financial planning model reports
4
Q
Production Process Objectives
A
- Track purchases and inventories
- Monitor and control manufacturing costs
- Control inventory
- Control and coordinate the production process
- Provide input for budgets
5
Q
Inputs (source documents) for Production Process
A
- Materials requisition form
- Bill of materials
- Master production schedule
- Production order
- Job time cards
6
Q
Outputs of Production process
A
- Financial statement information
- Material price lists
- Periodic usage reports
- Inventory status reports
- Production cost reports
- Manufacturing status reports
7
Q
Human resource management Objectives
A
- Hiring, training and employing workers
- Maintaining employee earnings records
- Complying with regulatory reporting requirements
- Reporting on payroll deductions
- Making timely and accurate payments
- Providing an interface for personnel and payroll activities
8
Q
Inputs of HRM
A
- Personnel action forms
- Time sheets
- Payroll deduction authorizations
- Tax withholding forms
9
Q
Outputs of HRM
A
- Financial statement information
- Employee listings
- Paycheques
- Cheque registers
- Deduction reports
- Tax reports
- Payroll summaries
10
Q
Purchasing Process Objectives
A
- Tracking purchases of goods and or services from vendors
- Tracking amounts owed
- Maintaining vendor records
- controlling inventory
- Making timely and accurate vendor payments
- Forecasting purchases and cash outflows
11
Q
Inputs (Purchasing Process)
A
- Purchasing invoice
- Purchase requisition
- Purchase order
- Vendor listing
- Receiving report
- Bill of lading
- Packing slip
- Debit/credit memoranda
12
Q
Outputs (purchasing process)
A
- Financial statement information
- Vendor cheques
- Cheque register
- Discrepancy reports
- Cash requirements forecast
- Sales analysis reports
13
Q
Sales Process Objectives
A
- Tracking sales of goods and/or services to customers
- Filling customer orders
- Maintaining customer records
- Billing for goods and services
- Collecting payment for goods and services
- Forecasting sales and cash receipts
14
Q
Inputs (sales process)
A
- Sales order
- Sales invoice
- Remittance advice
- Shipping notice
- Debit/Credit memoranda
15
Q
Outputs (sales process)
A
- Financial statement information
- Customer billing statement
- Aging report
- Bad debt report
- Cash receipts forecast
- Customer listing
- Sales analysis report
