Final Powerpoint ACC340

Topics: Expense, Revenue, Operating expense Pages: 18 (661 words) Published: March 25, 2015
Riordin Manufacturing Company
Team A: Neal Hennessy, DeDe
Gearhardt, and Jennifer Walker
ACC/340 – Accounting Information
Systems I
February 23, 2015

Joyce Williams

Introduction
Riordan Manufacturing Inc.
Dr. Riordin started Riordin Manufacturing Inc. in the year
1991.
This is an industry leading in using polymer materials to
provide solutions to customers challenges.
Production:

Beverage containers, beverage makers, and
bottlers.

Automotive parts, aircraft parts, appliances
Custom parts and plastic fans

Introduction
The accounting cycle
Revenue Cycle
Internet/Intranet
Planning and Investigation
Analysis
Design
Implementation, Follow up, and Maintenance
Conclusion

Accounting Cycle
There are five accounting cycles that Riordin
Manufacturing Inc. can utilize. They are:
 Revenue cycle
 Expenditure cycle
 Conversion cycle
 Financing cycle
 Fixed Assets Cycle

Riordin Manufacturing Company
Revenue Cycle
Revenues is the amount of Riordin earns from selling
goods or providing services to its customers. Cycle
Include:
 Sales order (+-)
 Amount of the product or service
 Payment by credit card
 Cash receipt

Income Statement

Income Statement
(Revenue)

Income Statement

2011

2010

Sales

$

66,608,660.00

$

10,074,406.00

$

56,534,254.00

Direct Cost of
Goods Sold

$

51,592,470.00

$

7,622,220.00

$

43,970,250.00

Gross Margin

$

15,016,190.00

$

2,452,186.00

$

12,564,004.00

Operating Expenses
Sales,
Marketing &
Other

$

1,328,615.00

$

63,267.00

$

1,265,348.00

Depreciation

$

1,378,616.00

$

226,491.00

$

1,152,125.00

Quality
Assurance

$

1,151,176.00

$

38,929.00

$

1,112,247.00

Research &
Development

$

1,039,637.00

$

77,010.00

$

962,627.00

General &
Administrative

$

4,954,751.00

$

280,458.00

$

4,674,293.00

Machining &
Systems

$

143,808.00

$

18,758.00

$

125,050.00

Total Operating
Expenses

$

9,996,603.00

$

704,913.00

$

9,291,690.00

Profit Before
Interest & Taxes

$

5,019,587.00

$

1,747,273.00

$

3,272,314.00

Non-Operating Expenses
Interest
Expense

Taxes

$

604,616.00

$

483,083.00

$

121,533.00

$

1,104,309.00

$

384,400.00

$

719,909.00

Report
Earnings Before Income Taxes Depreciation
Amortization (EBITDA) Margin Report is
$15,016,190 = .18 percent Margin
$20,000,000
$15,000,000
$10,000,000
$5,000,000
Column2
$0
Revenue

Op Expenses

NonOp Expenses

($5,000,000)
($10,000,000)
($15,000,000)

Series 1 is Revenue = $15,016,190 Column 1 Operating
Expenses = $9,996,603 Column 2 Non- Operating Expense
= $1,708,925

Internet
Customers & potential customers
 Product & service information
 Self help & payment options
 Contact info. & Location listing
 Company History
 Mission Statement
 Invoices & Statements


Intranet
For everyday employee use
 Task and department oriented
 Company documents & reports
 HR forms
 Internal job listings
 Internal accomplishments & awards
 Employee manuals
 Internal company directory (w/name,
position,duties, email and phone number)


Internet vs. Intranet

System Development Cycle

Evaluation


Riordan Financing and Accounting System is license to a fully integrated Windows based ERP manufacturing, distribution and financial management software application specifically designed for plastics processors and process and assembly manufacturers.



During the investigation: The license does not include
application source code. Various challenges with the system. The vendor went out of business.



Needed a new up-to-date financing and accounting software



The ultimate strategic plan based off research and recommended is Enterprise Resource Planning (ERP) Infor Visuals Solutions...

References: 
See attached paper
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