"ASRI ORACLE AISYEARThe expenditure cycle consists of buying the raw material and other products and services for thecompany to support the production, sales or any other process. This can be depicted graphicallyas follows.Rawa material ProvidingLabour a serviceto a ship utilities, effort and costs Expenditure cycle:Asri sendAsri needsInquiriesPurchase receiveunder wtercommitment machine and Pay in chick iron welding& order bill Asri receivesmachine quotationsA case study of ASRY Page 16 ASRI ORACLE AISYEARHR \\Payroll cycle:The payroll cycle consist of various steps involved in disbursing the pays of the employees.These steps can be depicted as follows.Time reporting modificationspayroll slipfor retirementspreparation & suspentions Electronic payment tosalary payments GOSI Posting of the cycles:•Cash Reciept Journal Revenue Cycle •Sales Invoice Journal •Cash Disbursement Journal Purchase Cycle •Purchase Inventory Journal •Expenditure Journal Payroll Cycle •Expnediture Ledger A case study of ASRY Page 17 ASRI ORACLE AISYEARFinancing cycle:A company as big as ASRI had only went through this cycle ones at the start.However, if itneeded to do it again, it would be something like this:ASRI introduceASRI shares for saleASRI uses ASRIOTC needs tothe cash to generatesgenerateGovernment operate profit cash grants ConclusionThe Oracle system helps in various ways to support the whole accounting cycle. It includesthe following benefits.1. To help companies to record the latest information.2. To help the company access the latest information about the business.3. To analyze the company data for future decision making process.4. To help the company stay in contact with the latest know how and changes.5. To stay in contact with the latest knowledge about the company by the management.6. To know more about the real ground reality by the managers.A case study of ASRY Page 18 "