Riordan Manufacturing Accounting Cycle Analysis
Accounting Cycle Description � PAGE * MERGEFORMAT �7�
Accounting Cycle Description Paper
Riordan Manufacturing is an international plastic manufacture who operates four separate facilities. These sites are located in California, Georgia, Michigan, and China. The accounting cycles are performed at each individual facility. Once the accounting tasks are completed they are sent to the corporate offices in California for consolidation. Some of these accounting cycles include general ledger, accounts payable, accounts receivable, order entry, procurement, sales and purchasing history, invoice and shipping, payroll, financial reporting, EDI*, bar code reading, and EDSS. The accounting cycles can be studied under the balance sheets, income statements, budges, economic forecasts, and communications.
Georgia and Michigan are the two locations that have been recently acquired by Riordan. The current finance and accounting (F & A) used at these two sites aren 't compatible for consolidation at the corporate offices in California. This is causing server delays and issues within the accounts …show more content…
Computer hardware is probably the first system to be addressed, but the hardware is probably not the most important piece or the only option. Most companies spend more money on people 's wages and salaries than on computer hardware and software combined. Like any other systems computer hardware must work together with other systems components to accomplish data processing task. Without computer software, the hardware would stand idle. Without data to process, both the hardware and software would be useless. Without procedures, accounting data could not be gathered accurately or distributed properly. And finally, without people, the rest of the system could not operate for long or be of much use (Bagranoff, Simkin, and Norman, pg. 32,
Accounting Cycle Description Paper
Riordan Manufacturing is an international plastic manufacture who operates four separate facilities. These sites are located in California, Georgia, Michigan, and China. The accounting cycles are performed at each individual facility. Once the accounting tasks are completed they are sent to the corporate offices in California for consolidation. Some of these accounting cycles include general ledger, accounts payable, accounts receivable, order entry, procurement, sales and purchasing history, invoice and shipping, payroll, financial reporting, EDI*, bar code reading, and EDSS. The accounting cycles can be studied under the balance sheets, income statements, budges, economic forecasts, and communications.
Georgia and Michigan are the two locations that have been recently acquired by Riordan. The current finance and accounting (F & A) used at these two sites aren 't compatible for consolidation at the corporate offices in California. This is causing server delays and issues within the accounts …show more content…
Computer hardware is probably the first system to be addressed, but the hardware is probably not the most important piece or the only option. Most companies spend more money on people 's wages and salaries than on computer hardware and software combined. Like any other systems computer hardware must work together with other systems components to accomplish data processing task. Without computer software, the hardware would stand idle. Without data to process, both the hardware and software would be useless. Without procedures, accounting data could not be gathered accurately or distributed properly. And finally, without people, the rest of the system could not operate for long or be of much use (Bagranoff, Simkin, and Norman, pg. 32,