AIS
An important record used to initiate the task of calculating depreciations without an external event
Depreciation Schedule
Describing the final disposition of the asset is sent to the fixed asset accounting department to authorize its removal from the ledger.
Disposal Report
The production system involves planning, scheduling, and controlling the physical product through the manufacturing process.
The Conversion Cycle
creates a homogeneous product through a continuous series of standard procedures.
Continuous Processing
involves the fabrication of discrete products in accordance with customer specifications.
Make-to-order Processing
discrete groups (batches) of product.
Batch Processing Produces
is the formal plan and authorization to begin production.
Production Schedule
specifies the types and quantities of the raw material and subassemblies used in producing a single unit of finished product.
Bill of Material
the requirements for an entire batch are determined by multiplying the BOM by the number of items in the batch.
Raw Material
shows the production path that a particular batch of product follows during manufacturing.
Route Sheet
draws from BOMs and route sheets to specify the materials and production (machining, assembly, and so on) for each batch.
Work Order or Production Order
records work done in each work center and authorizes the movement of the job or batch from one work center to the next
Move Ticket
authorizes the storekeeper to release materials to individuals or work centers in the production process.
Material Requisition
also have a physical and financial component, which are processed separately.
The Revenue Cycle
1.1 Sales Order Processing
Receive order, Credit Check
2.1 Sales Department
Sales Order
Credit Department
Sales order for credit check or approval
2.2 Sales Department
Approved Sales Order
1.2 Sales Order Processing
Pick Goods, Ship Goods
Shipping Department
Packing Slip, Shipping Notice, Bill of Lading
Warehouse
Stock release document
1.3 Sales Order Processing
Update Accounts Receivable
Billing Department
Accounting Department