tailieunhanh - Lecture Accounting information systems: Basic concepts and current issues (4/e): Chapter 14 - Robert L. Hurt

Chapter 14 - Other business processes. When you've finished studying this chapter, and completing the activities at its conclusion, you should be able to: Explain its role and purpose, explain how the generic structure of most AIS applies, identify and process common transactions, design and critique internal controls based on common risk exposures, develop and interpret process-related systems documentation. | Chapter 14 Other Business Processes Outline Learning objectives Processes overview AIS elements Learning objectives Explain its role and purpose. Explain how the generic structure of most AIS applies. Identify and process common transactions. Design and critique internal controls based on common risk exposures. Develop and interpret process-related systems documentation. Appropriately use terminology common to each process. Explain how each process is related to Porter's value chain. For each process discussed in this chapter: Processes overview This chapter considers three business processes: Conversion Financing Human resources While at least as important as the sales / collection & acquisition / payment processes, they do not generalize as well. Processes overview Conversion process Purpose: convert direct material, direct labor and manufacturing overhead into finished products Connected to cost accounting Value chain element: operations Types Job order Process Hybrid Processes overview Financing process Purpose: acquire & pay for additional funding through debt and equity securities Connected to intermediate accounting & finance Value chain: infrastructure Processes overview Human resources process Purpose: manage human assets from hiring through departure Connected to intermediate accounting and management Value chain: human resource management AIS elements Inputs Processes Outputs Storage Internal controls The following slides will explore the five generic AIS elements within the context of each business process: Conversion Financing Human resources AIS elements Conversion process Input & output documents Materials requisition Job cost sheet Production cost report AIS elements Conversion process Processes Manufacturing steps depend on the specific product Common transactions Raw material purchased Raw material used Overhead allocated Cost flows through the AIS AIS elements Conversion process Storage Master files Raw materials Employee Transaction files . | Chapter 14 Other Business Processes Outline Learning objectives Processes overview AIS elements Learning objectives Explain its role and purpose. Explain how the generic structure of most AIS applies. Identify and process common transactions. Design and critique internal controls based on common risk exposures. Develop and interpret process-related systems documentation. Appropriately use terminology common to each process. Explain how each process is related to Porter's value chain. For each process discussed in this chapter: Processes overview This chapter considers three business processes: Conversion Financing Human resources While at least as important as the sales / collection & acquisition / payment processes, they do not generalize as well. Processes overview Conversion process Purpose: convert direct material, direct labor and manufacturing overhead into finished products Connected to cost accounting Value chain element: operations Types Job order Process Hybrid Processes .