Case Study: Riordan Manufacturing
Revenue Accounting Cycle
Accounting Information Systems I/ACC 340
Revenue Accounting Cycle
There are many things that affect accounting cycles. Riordan Manufacturing is working on changes to the Revenue Cycle of Accounting. This will improve customer communication, production, and reporting. Required hardware and software upgrades and changes will be needed to make this move to the new Zoho Books.
The system development life cycle will allow the implementation to be completed easily. Employees will see changes but the participation will be detailed and more efficient. Riordan will review all controls and reports and implement what will improve workflow.
Software and Hardware Selection Riordan Manufacturing has multiple …show more content…
Once this is complete, then we would go into the systems design phase where screen layouts are created, business rules are defined, and diagrams are formed in order to layout a particular process. Next, we will continue formulating the development by converting the design aspect into a information system that includes the process of creating databases, prepare procedures on how to perform systems tests, log test records, work on coding and refining programs.
In the integration phase, is where the elements are compiled, programs go through tests to ensure that any bugs or errors are addressed and fixed. We will integrate and test by confirming that the systems meet all requirements as specified in the planning and requirements phase of the …show more content…
In this cycle, a customer’s entire engagement in a single transaction is tracked. From the point when they walk into the store and make a purchase until the warranty/customer service is done. In a manufacturing type industry the customer engagement is at a single source, the retail location ("Definition Of Revenue Cycle Of Management", 2014). The biggest part of Riordan’s day-to-day business is inventory management and product assembly, which does not have a direct customer interaction. A major strength of the revenue business cycle is that it reduces chances or error and theft. Business is accounted for every step of the way there is a much less chance of error and theft. Another advantage to Riordan using the revenue business cycle is that it creates more efficiency and effectiveness in the accounting
Accounting Information Systems I/ACC 340
Revenue Accounting Cycle
There are many things that affect accounting cycles. Riordan Manufacturing is working on changes to the Revenue Cycle of Accounting. This will improve customer communication, production, and reporting. Required hardware and software upgrades and changes will be needed to make this move to the new Zoho Books.
The system development life cycle will allow the implementation to be completed easily. Employees will see changes but the participation will be detailed and more efficient. Riordan will review all controls and reports and implement what will improve workflow.
Software and Hardware Selection Riordan Manufacturing has multiple …show more content…
Once this is complete, then we would go into the systems design phase where screen layouts are created, business rules are defined, and diagrams are formed in order to layout a particular process. Next, we will continue formulating the development by converting the design aspect into a information system that includes the process of creating databases, prepare procedures on how to perform systems tests, log test records, work on coding and refining programs.
In the integration phase, is where the elements are compiled, programs go through tests to ensure that any bugs or errors are addressed and fixed. We will integrate and test by confirming that the systems meet all requirements as specified in the planning and requirements phase of the …show more content…
In this cycle, a customer’s entire engagement in a single transaction is tracked. From the point when they walk into the store and make a purchase until the warranty/customer service is done. In a manufacturing type industry the customer engagement is at a single source, the retail location ("Definition Of Revenue Cycle Of Management", 2014). The biggest part of Riordan’s day-to-day business is inventory management and product assembly, which does not have a direct customer interaction. A major strength of the revenue business cycle is that it reduces chances or error and theft. Business is accounted for every step of the way there is a much less chance of error and theft. Another advantage to Riordan using the revenue business cycle is that it creates more efficiency and effectiveness in the accounting