Preview

Inventory

Satisfactory Essays
Open Document
Open Document
649 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Inventory
_

John Smith
ACME Corporation
123 Corporate Lane
Milford, CT 06461
March 2, 2007

Charles Jones
CFO
Fictiona, Inc.
456 Executive Drive
Anywhere, CT 06777

Dear Charles Jones:

As a long-time admirer of the outstanding work that your organization has done in the market, I particularly enjoyed having the opportunity to see how your company functions from the inside. As you indicated during our meeting, your organization has grown to a point where it needs to dramatically enhance its accounting function so that it can continue to function effectively.
This correspondence outlines the complete scope of work you requested, including objectives, procedures, identification of responsibilities, and estimated fees.

OBJECTIVE
Implement the Model 60 accounting system on the network. Install the Model 60 software, including implementation and setup, training, conversion assistance, and post-conversion support of the library master, general ledger, accounts payable, and import master modules. Provide professional assistance related to this new system and coordinate the bridge to and from the Wile Research and Coyot, Ltd. software. Success of this project is dependent not only on the software, but also on your personnel's skill, effort, and willingness to work as a cohesive team.

SCOPE OF SERVICES
Procedures
Assist in planning implementation of the Model 60 accounting system.
Recommend steps required to successfully install the new system and assist in assembling setup information and accounting data used in the implementation process.
Establish specifications for the bridge from the Wile Research software to capture cash receipt information. (Note: Wile Research software has a "general ledger distribution" file that contains information that can be bridged in detail or summary format. The interface (export file) will be written by Wile Research staff.)
Establish specifications for the bridge from the Coyot, Ltd. software to bridge payment

You May Also Find These Documents Helpful

  • Good Essays

    The objective is to train the new BRIX financial and accounting system to a group of company employee from around the country. Provide new users with system orientation prior to implementation. The application will be explained to users, conduct hands own training and given an end of course evaluation. User will complete an evaluation upon completion of the train, about the performance of the system. Determine how well the learner must perform the task or behavior to achieve competency. Standards are values such as frequency, accuracy, volume, amount, situation or a combination. Only include time limits if they are required on-the-job (Contributor, 2009).…

    • 717 Words
    • 3 Pages
    Good Essays
  • Good Essays

    There is a necessity to have either hardware or software to integrate the accounting information into an automated system for viewing by the proper individuals. Below, Learning Team A will show who needs to access this information, what controls will be implemented, the type of reports to be generated from these hardware or software and importantly what type of information will be available through corporate Intranet and the Internet. Having the proper hardware and software integrating Riordan's data into automated systems will make life easier for those involved with all the accounting cycles, especially accounts receivable.…

    • 932 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Inventory and B

    • 1808 Words
    • 8 Pages

    Accounting 350, Fall 2009 Quiz, Chpts 7,8 & 9 – Night Class |1. |Kaniper Company has the following items at year-end: | | |Cash in bank | | |$20,000 | | | | | |Petty cash | | |300 | | | | | |Short-term paper with maturity of 2 months | | |5,500 | | | | | |Postdated checks | | |1,400 | | | | | |Kaniper should report cash and cash equivalents of…

    • 1808 Words
    • 8 Pages
    Satisfactory Essays
  • Good Essays

    Inventory Case

    • 412 Words
    • 2 Pages

    Larsen Fabricating Company is reviewing the economic feasibility of manufacturing a part that it currently purchases from a supplier. Forecasted annual demand for the part is 3200 units. Larsen operates 250 days per year.…

    • 412 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Personal Inventory

    • 1196 Words
    • 5 Pages

    Reflecting back upon my table of personal leisure inventory, I can see that I am currently engaged in a lot of physical, health and social leisure activities. Working out at the gym, playing basketball, and dancing are all integral parts of my life and the physical and health benefits I get from them are amazing. All my leisure activities are social benefits as well as each activity I have listed requires me to be social. A couple of my activities also give me cultural benefits as well. Hanging out with friends is a great cultural benefit because depending on which friends you are with you adapt to the culture surrounding them. Or in my case I have a sense of different culture when I am with my friends. Also,…

    • 1196 Words
    • 5 Pages
    Satisfactory Essays
  • Good Essays

    To analyse the current accounting system, the report writer was provided with the following information: -…

    • 736 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Inventory Problems

    • 2565 Words
    • 11 Pages

    INVENTORY PROBLEMS: 1. DAT, Inc., produces digital audiotapes to be used in the consumer audio division. DAT lacks sufficient personnel in its inventory supply section to closely control each item stocked, so it has asked you to determine an ABC classification. Here is a sample from the inventory Records:…

    • 2565 Words
    • 11 Pages
    Good Essays
  • Good Essays

    Research Paper

    • 364 Words
    • 2 Pages

    The system is meant to be an easy and reliable interface to help the client deal with the finances of his business.…

    • 364 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Accounting System Paper

    • 523 Words
    • 3 Pages

    The general ledger is the record of all the individual accounts the business has. All the transactions are posted from the point of sales module to the correct accounts in the general ledger. This module does financial reports such as balance Sheet, income statement, cash flow, trend analysis, store comparisons, and department comparisons. These reports are vital to the company. The balance sheet is the statement of financial position. This gives the company a snapshot of their financials. This module reduces the amount of manual data entry.…

    • 523 Words
    • 3 Pages
    Good Essays
  • Good Essays

    StatementofWork

    • 619 Words
    • 4 Pages

    Clients are urged to ensure that all the details contained within this proposal meet their requirements before further work commences. If the nature and scope of the project changes the costs and timings need to be revised.…

    • 619 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    operation mgt

    • 1398 Words
    • 6 Pages

    96. Operations Management 10e William J. Stevenson Solutions manual 96. Operations Management 10e William J. Stevenson Solutions manual Source: http://newsgroups.derkeiler.com/Archive/Sci/sci.engr/2009−05/msg00015.html • From: "solutionsservice@xxxxxxxxxxx" • Date: Mon, 25 May 2009 09:43:56 −0700 (PDT) solutions manual and Test Bank contact with , solutionsservice (at) hotmail.com (my email address,solutionsservice@xxxxxxxxxxx ), these are parts of our solutions, if the solution you want isnt on the list, please email to me. ,too.…

    • 1398 Words
    • 6 Pages
    Satisfactory Essays
  • Powerful Essays

    Inventories Ias 2

    • 1963 Words
    • 8 Pages

    In the United States, the Financial Accounting Standards Board (FASB) has been the organization that establishes standards that govern the preparation of financial statements, known as the United States Generally Accepted Accounting Principals (US GAAP). Many countries have established their own national accounting standards as well; however, as international business and trade increases, so does the need for a common set of accounting standards. In response to this need, the International Accounting Standards Board (IASB) was established with the purpose of developing a set of international accounting standards to increase the comparability of financial reporting globally. These standards are known as the International Financial Reporting Standards (IFRS). Although US GAAP and IFRS are comparable in some aspects, there are also some contrasting aspects.…

    • 1963 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Open Science Grid OSG Accounting System Overview What do I hope to get out of this workshop? OSG Accounting Activity View of accounting, monitoring, logging and auditing OSG Accounting System Requirements OSG Accounting System Design Questions about Accounting in EGEE 9/28/2005 Joint OSG and EGEE Operations Workshop, Culham, UK 2 Overview What do I hope to get out of this workshop? OSG Accounting Activity View of accounting, monitoring, logging and auditing OSG Accounting System Requirements OSG Accounting System Design Questions about Accounting in EGEE 9/28/2005 Joint OSG and EGEE Operations Workshop, Culham, UK 3 What do I hope to get out of this workshop?…

    • 1311 Words
    • 6 Pages
    Good Essays
  • Good Essays

    References: Collins, J. Carlton. (n.d.). Guide to Accounting Software Modules [Article]. Retrieved January 28, 2013, from www.accountingsoftwareadvisor.com/ topics/ modules.htm…

    • 457 Words
    • 2 Pages
    Good Essays
  • Best Essays

    In this assignment I will review the accounting software appropriate to the outlined hypothetical company. On the one hand, I will consider advantages and disadvantages of the software which are relevant to the proper management of the company. On the other hand I will demonstrate the relevant connection of the accounting software to the financial management of the company.…

    • 1315 Words
    • 6 Pages
    Best Essays