Running head: RIORDAN FINANCE AND ACCOUNTING Riordan Manufacturing Finance and Accounting System University of Phoenix BSA/500 Ms. Deborah Webb Week 6 Team Assignment 17 November 2008 Investment in the rubber and plastics industry requires serious analysis of a number of key corporate behaviors. To evaluate Riordan’s Finance and Accounting Systems‚ knowledge of their industry and line of business is necessary. Economic influences affecting their operations and business strategy must be
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Riordan Information Systems Corporations are at their heart a means of creating wealth for their owners or shareholders. Success creates wealth; this creates competition as others seek to capitalize on the market. The emergence of new companies into the market begins a cycle of competition. Evaluation of staffing forces companies to find new and more efficient ways of producing their products while lowering cost to increase profit. This is because the cost of personnel is the largest line item
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Riordan Manufacturing Finance and Accounting Riordan Enterprise is in need of an upgraded system that will help improve the business performance in the Finance and Accounting department. The issues that is ongoing is within the organization is unacceptable and are in need of solutions as soon as possible. One issue is concerning the software application that is design for plastics processors and more does not include the license for the source code. Another situation is that software
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Riordan Home Page: In the Home Page of the Intranet site for Riordan Manufacturing it shows that this company employs more than 550 employees around the world. Their earnings are projected to earn annually around $46 million dollars and they have their headquarters set in San Jose‚ California. In their facility in Albany‚ Georgia they produce their plastic beverage containers while in Pontiac‚ Michigan they usually make their custom plastic parts. In their headquarters they keep their research
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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
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Riordan Manufacturing – Accounting Cycle Description Introduction Riordan Manufacturing‚ Inc. is an industry leader in the field of plastic injection molding. Using cutting edge art design capabilities‚ this Fortune 1000 Enterprise Company maintains facilities in San Jose‚ California‚ Albany‚ Georgia‚ Pontiac‚ Michigan and Hangzhou‚ China‚ and has annual earnings of $46 million. A company does not attain and maintain this type of success by accident. Part of Riordan’s success is due to its
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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
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Dr Fang (to be used in the workshop in week 1) Month-end balance sheet amounts for the dental practice of Dr Fang‚ a local dentist‚ for three consecutive months are presented below. The information is complete except for the balance in the owners’ equity account. Cash Accounts receivable Prepaid insurance Surgery equipment Building Land Accounts payable Wages payable Mortgage payable Owners’ Equity 31 October $ 9 100 16 100 700 29 800 81 000 33 000 10 100 5 100 34 700
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Information technology affects on Riordan Manufacturing Overall Effects of IT on Riordan Manufacturing Information technology affects on Riordan Manufacturing Overall Effects of IT on Riordan Manufacturing Riordan Manufacturing is one of the global leaders in the field of plastic injection molding owned by Riordan Industries. The company employing 550 people with projected annual earnings of $46 million. The corporate headquarters and research and development are
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Riordan Manufacturing: Information System ProposalThe service request sR-rm-004 to analyze the human resource system from John Korzeniowski was received on May 14‚ 2008. The IT team will examine the current information system and the possible design and development of an integrated‚ robust application in accordance with Riordan’s vision‚ mission‚ time-frame and strategic growth plan. AnalysisIn order to design and development an integrated state-of-the art human resources information system‚ the
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