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Chapter 8-1. Chapter 8-2 Chapter 8: Accounting Information Systems and Business Processes - Part II Introduction The Resource Management Process The Production.

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Presentation on theme: "Chapter 8-1. Chapter 8-2 Chapter 8: Accounting Information Systems and Business Processes - Part II Introduction The Resource Management Process The Production."— Presentation transcript:

1 Chapter 8-1

2 Chapter 8-2 Chapter 8: Accounting Information Systems and Business Processes - Part II Introduction The Resource Management Process The Production Process The Financing Process Business Processes In Special Industries Business Processes Reengineering

3 Chapter 8-3 Introduction Business Processes  Sales and Purchasing  Resource Management, Production, and Financing Information Needs  Typical AIS requirements  Specialized information

4 Chapter 8-4 Human Resource Management Objectives Hiring, training, and employing workers Maintaining employee earnings records Complying with regulatory reporting requirements Reporting on payroll deductions Making timely and accurate payments to employees Providing an interface for personnel and payroll activities

5 Chapter 8-5 Personnel Function Flowchart

6 Chapter 8-6 Payroll Function Flowchart

7 Chapter 8-7 Human Resource Management Inputs Personnel Action Forms  Documents hiring or changes in employee status Time Sheets  Tracks hours worked Payroll Deduction Authorizations  Authorization to deduct certain amounts Tax Withholding Forms  Authorization to withhold appropriate tax amounts

8 Chapter 8-8 Financial Statement Information Employee Listings  Current employees  May contain employee-specific information Paychecks  Final documents; subject to strict internal controls Check Registers  Used to make journal entries for salary and payroll tax expenses Human Resource Management Outputs

9 Chapter 8-9 Human Resource Management Outputs Deduction Reports  Summaries of deductions for employees as a group Payroll Summaries  Used to analyze expenses Tax Reports  Government required information  Income tax, social security tax, unemployment tax

10 Chapter 8-10 Human Resource Management Summary

11 Chapter 8-11 All of the following activities are common to the Human Resource Management function except: A. Hiring, training, and employing workers B. Reporting on payroll deductions C. Maintaining employee earnings records D. Certified financial planning for employees Study Break #1

12 Chapter 8-12 All of the following activities are common to the Human Resource Management function except: A. Hiring, training, and employing workers B. Reporting on payroll deductions C. Maintaining employee earnings records D. Certified financial planning for employees Study Break #1 - Answer

13 Chapter 8-13 Fixed Asset Management Fixed Asset Management Function  Long-term Assets  Purchase, maintenance, valuation, disposal Enterprise Asset Management System  Automate management of assets

14 Chapter 8-14 Fixed Asset Management Objectives Tracking purchases of fixed assets Recording fixed asset maintenance Valuing fixed assets Allocating fixed asset costs (recording depreciation) Tracking disposal of fixed assets

15 Chapter 8-15 Fixed Asset Management Function Flowchart

16 Chapter 8-16 Fixed Asset Management Inputs Purchase Requisition  Requires approval by management Receiving Report  Identifies receipt of fixed asset Supplier Invoice  Sent when asset is shipped

17 Chapter 8-17 Fixed Asset Management Inputs Construction Work Order  If asset is built by company Fixed Asset Change Form  Transfer of fixed asset  Locations, sale, trade, or retirement Repair and Maintenance Form  Notification to update expense and asset accounts

18 Chapter 8-18 Fixed Asset Management Outputs Financial Statement Information Fixed Asset Register  Identification numbers  Location Depreciation Register  Depreciation Expense  Accumulated Depreciation

19 Chapter 8-19 Fixed Asset Management Outputs Repair and Maintenance Reports  Current period expenses  Historical expenses Report on Retired Assets  Disposal of fixed assets

20 Chapter 8-20 Fixed Asset Management Summary

21 Chapter 8-21 The Production Process Process  Begins with request for raw materials  Ends with transfer of finished goods to warehouses Primary Objectives  Converting raw materials to finished goods efficiently  Collecting and reporting of information

22 Chapter 8-22 The Financing Process Process  How a company acquires and uses financial resources  Cash, other liquid assets, investments Acquisition  Sales of goods and services  Borrowing cash or selling ownership shares

23 Chapter 8-23 The Financing Process

24 Chapter 8-24 Financing Process Objectives Effective cash management  Lockbox systems and electronic funds transfer Cost of capital optimization Earn maximum return on investments Project cash flows

25 Chapter 8-25 Financing Process Inputs Remittance Advices  Accompanies a customer’s payment on account Deposit Slips  Documents account deposits Bank Statements  Used to reconcile company balance with bank balance

26 Chapter 8-26 Financing Process Outputs Financial Statement Information Cash Budget Investment Reports Debt and Interest Reports Financial Ratios Financial Planning Model Reports

27 Chapter 8-27 Financing Process Summary

28 Chapter 8-28 Chapter 8


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