Discuss about the expenditure cycle

Assignment Help Accounting Basics
Reference no: EM132018423

Qusetion: Requirements: Students are required to create a fictitious (preferably a manufacturing) company (or use a company with which you are familiar). The company will have the following details:

1) A brief description about the company, including industry information and products.

2) An organizational chart showing clearly the corporate structure.

3) Individual Data Flow Diagram (DFD) for each of the following cycles:

a. The Revenue cycle

b. The Expenditure cycle

c. The Production cycle

d. The Human Resource cycle

4) Finally all the four cycles should be presented in on integrated diagram.

Students can use the diagrams presented in the textbook and elaborate the diagrams. Students will be graded on the inclusion of all items above as well as neatness and accuracy of the study.

Reference no: EM132018423

Questions Cloud

What are benefits of keeping track of personal transactions : Every business or organization must utilize accounting to record, summarize and report business transactions. While the focus in this course is the use.
How to calculate the tax liability using the tax rate table : An example of how to calculate the tax liability using the tax rate table and the tax rate formula for a taxpayer with taxable income of $55,000.
Write an effectiveness audit of this agency : This might be an agency that you have personal knowledge of or you may choose any other public agency in which you have an interest.
The retailer uses the add-on method : The retailer uses the add-on method. Assuming your first monthly payment is due in one month, calculate the real annual rate you will pay.
Discuss about the expenditure cycle : Students are required to create a fictitious (preferably a manufacturing) company (or use a company with which you are familiar).
Provide the problem-solving process to solve this problem : In a one- to a two-page memo to your employees, provide the problem-solving process to solve this problem and justify why this is the best approach.
What leadership changes will be most important : What are some of the external trends (e.g., increased globalization, increased diversity, and increased use of technology) that will influence the leadership.
What is the equivalent annual savings derived from furnace : What is the net present value of the investment in the furnace? What is the equivalent annual savings derived from the furnace?
Prepare journal entries for all the transactions : You have decided to open a clothing store, which opens for business on January 1st. During the month of January, your company engages in many business.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Weighted mean for shipping cost per unit

A dental supplies distributor ships a customer 50 boxes of product A, 30 boxes of B, 60 boxes of C, and 20 boxes of D. The unit shipping costs (dollars per box) for the four products are $5, $2, $4, and $10, respectively. What is the weighted mean..

  What type of budgeting process is in place

Question - Evaluating a Company's Budget Procedures, Springfield Corporation operates on a calendar-year basis. What type of budgeting process is in place

  Is it possible for a firewall to restrict too much data flow

A firewall should inspect incoming and outgoing data to limit the passage of unauthorized data flow. Is it possible for a firewall to restrict too much data flow?

  Determine the price of the bonds at january

The bonds mature in 2020. The market rate of interest 12%. Determine the price of the bonds at January 1, 2010

  How much income must sue report if she elects the annuity

How much income would Sue have to report if her nursing home bills amounted to only $36,000 per year?

  Mason company gathered the following information from its

Mason Company gathered the following information from its accounting records and the October bank statement to prepare the October bank reconciliation: The up-to-date ending cash balance on October 31 is:

  The adjustments columns of the worksheet for mears company

Assuming the adjusted trial balance amount for each account is normal, indicate the financial statement column to which each balance should beextended.

  Dante milton and cervantes formed a partnership and agreed

dante milton and cervantes formed a partnership and agreed to share profits in a 312 ratio after recognition of 5

  Discuss what was the under applied or over applied overhead

What was the under applied or over applied overhead for the month of May. Over applied is shown as a negative number

  Describe the steps you would take to prepare for the audit

If you are at a company, how do you write an audit of the core production system at your Company? Describe the steps you would take to prepare for the audit

  Sarrazin corporation is in the process of preparing its

sarrazin corporation is in the process of preparing its annual budget. the following beginning and ending inventory

  Personal responsibility and accountability fitting

Describe where you see personal responsibility and accountability fitting

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd