The Expenditure Cycle: Purchasing and Cash Disbursements. 12. UAA – ACCT 316 – Fall 2002 Accounting Information Systems Dr. Fred Barbee. Chapter. The Primary Objective. Main Objective. - PowerPoint PPT Presentation
Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.
The Expenditure Cycle: Purchasing and Cash Disbursements
UAA – ACCT 316 – Fall 2002
Accounting Information Systems
Dr. Fred Barbee
The Primary Objective
Key Decisions of the Cycle
The Expenditure Cycle – Defined
The first function of a well-designed AIS is to support the effective performance of the organization’s business activities.
The Expenditure Cycle – Business Activities
Business Activities – Up Close and Personal
What is the major difference between MRP and JIT?
Documents and Procedures
Receive and Store Goods
Pay for Goods
Key Decisions and Information Needs
The third function of a well-designed AIS is to provide useful information for decision making.
Control Objectives, Threats, and Procedures
The second function of a well-designed AIS is to provide adequate controls to ensure the firm meets its objectives.
Threats to the Expenditure Cycle
Expenditure Cycle Exposures
Expenditure Cycle Control Procedures