Preview

Riordan Manufacturing

Best Essays
Open Document
Open Document
1644 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Riordan Manufacturing
Hardware and Software Selection Paper
Ashlee Aviguetero, Bobbi Duck, Tracy Finch, and Julie Stoltz
University of Phoenix
ACC340
Jeffrey Prinster
March 23, 2009
Accounting Cycle Description Paper An organization’s accounting information system includes collecting information then dividing the information into cycles. This paper will identify the five accounting cycles and specifically how Riordan Manufacturing uses the expenditure cycle. The strengths and weaknesses of the internal controls related to the expenditure cycle will be examined. This paper will explain how to integrate the expenditure cycle into an enterprise-wide accounting information system. The various types of information systems necessary to achieve this integration
…show more content…

| |receivable, and cash payments |and deposit slips | |
|Expenditure |Tracks purchases and inventory,|Purchase orders, receiving |Expense accounts (labor, |
| |payments required, and payroll |reports, personnel actions, and|vacation, utilities, and rent),|
| | |vendor invoices |inventory accounts, and |
| | | |liability accounts (accounts |
| | | |payable, taxes payable, wages |
| | | |payable, and cash) |
|Financing |Tracking and payment of | | |
| |long-term debt, stock issuance,| |
…show more content…

For instance, in an enterprise-wide system, the accounting information system should focus on four objectives including strategic, operations, reporting, and compliance. In order for a business process management system to be implemented, the managers of the company need to evaluate certain criteria of the human resource department which can affect the expenditure cycle. First, management needs to identify the objectives of the human resource department in regards to employee records. This has a direct impact on the strategic objective of the enterprise-wide system. Secondly, the input function needs to be reevaluated. For instance, since the company has four different branches, all input data should be on one method of input. This analysis and pending action would increase the operations function. Thirdly, output time would radically increase for all four branches. The types of output Riordan should consider are the compliance and reporting objectives of the enterprise-wide system. Furthermore, to have the expenditure cycle implemented, this would decrease the amount of time that Riordan is taking to report

You May Also Find These Documents Helpful

  • Satisfactory Essays

    In order for a company to stay competitive a company must stay current with changing business systems and technologies. The following assessment is being done in order to find which systems and technologies, if any, need to be updated or changed. This will help the Riordan Company continue the long standing commitment to excellence that the company is known for.…

    • 595 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    In plastics mechanized marketplace, Riordan Manufacturing is a universal head. The company has services in Albany, Georgia, Pontiac, Michigan, Hangzhou, China and San José, California. $46 billion are the roughly annual income of Riordan’s project. In 1992, the company starts actions with the company’s prime purposeful Human Resources Information System. The present scheme is component of the economic schemes parcel that follows the worker information. Latest examination of the existing HRIS has offered verification as demonstrating the scheme requirements promotion to assemble Riordan’s mounting desires. Riordan made preparations to inform the existing HRIS scheme with a further complicated HR scheme to stay as practicable. To integrate numerous utensils into a solitary included appliance, the exploit of the modern technology will be applied.…

    • 1062 Words
    • 5 Pages
    Good Essays
  • Better Essays

    Riordan Manufacturing is an industry leader in its field and is committed to providing its employees and business partners with efficient and professional service. The hardware, software, and processes that make up Riordan’s Human Resource Information System (HRIS) pose a major obstacle to its continued success and aspiration of becoming a green company. In response to these challenges with its current HR systems, Riordan has initiated a project to plan for the upgrade and integration of its human resource systems. Riordan is hopeful that the proposed HRIS will be a major improvement by providing an integrated human resource information system that is scalable, maintainable, and upgradeable to grow with the company.…

    • 1087 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Riordan Manufactors

    • 807 Words
    • 4 Pages

    Riordan Manufacturing wants to improve innovation and sustainability of business operations both in the United States and in the global market. An executive team at Riordan researched other companies including Nike to decide on the most effective competitive strategies to employ for attaining this goal. Below is a report of the findings that include which competitive advantages Riordan has in common with Nike. Based on the commonality between the companies is a recommendation of which competitive strategies will allow Riordan to move forward. The team explains why these competitive strategies were selected and estimate how they might affect sustainability of long-term organizational performance. Finally the team explains how the global market affects the business strategy of Riordan (University of Phoenix, 2013).…

    • 807 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Riordan Manufacturing is global leader in plastics with a projected annual earnings of $46 million. They operate out of California, Michigan, and Georgia along with a joint venture in China. Each of the operations has its own finance and accounting system. Their conversion of the accounting cycle has helped them to earn their success. This paper will classify the five accounting cycles and one will be chosen to be a basis for this paper. The strengths and weaknesses of the internal controls related to the cycle will be distinguished along with an explanation of how Riordan has integrated this part of the accounting cycle into an enterprise-wide accounting system. Lastly, a differentiation between the various types of information systems that were necessary for Riordan to achieve the integration will be discussed.…

    • 401 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Currently we see that Riordan has three operating locations, each of these locations have their own accounting departments that each keep their own records. These records are all combined in the corporate office at the end of each period. Each accounting department contains the following system components, General Ledger, Accounts Payable, Accounts Receivable, Order Entry, Procurement, Sales and Purchasing, Invoicing and Shipping, Payroll, Financial Reporting, EDI, Bar Code Reading, And Executive Decisions Support System. In this paper we discuss the accounting cycle for Riordin Manufacturing.…

    • 1419 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Case Study

    • 625 Words
    • 3 Pages

    Accounting today is much more complex and difficult to understand than it has been in the past. Due to the increasing complexity Accounting Information Systems have been created to alleviate some of the pressures facing accountants. According to Frederick Jones and Dasaratha Rama (2006), Enterprise Resource Planning (ERP) systems are moving businesses from the functional approach to an integrated approach for managing transactions (p.684). Having knowledge and experience with the technological advances will help the accountant become more successful. Companies, such as CBU from the case study, must be able to effectively use technology to their advantage if they want to be successful in the future. The accounting staff of CBU must be able to develop more timely and effective system controls for future financial statement purposes and inventory audits.…

    • 625 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Riordan Manufacturing is a company responsible for producing plastics globally. Some of their products include plastic beverage containers and plastic fan parts. Our team has been asked to put together an executive summary regarding identifying some areas needing improvement, defining the purpose of the project as well as who the key stakeholders are. Below is the review of our findings.…

    • 776 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Riordan Manufacturing

    • 236 Words
    • 1 Page

    Riordan Manufacturing can improve the innovation and sustainability of business operations in the United States and in the global market by continuing to focus on their above and beyond customer service that keeps the customers loyal to them. They can also continue to provide products that are better than the competitor. Having a high quality product and a demand for it from repeat customers will help to sustain level of sales and get more customers when they are recommended by those that they already sell to.…

    • 236 Words
    • 1 Page
    Satisfactory Essays
  • Satisfactory Essays

    Riordan Manufacturing

    • 617 Words
    • 3 Pages

    Here Riordan Manufactoring, we thrive for excellence thru diversity, equal rights, and upholding our mission to provide the ultimate team oriented enviroment ideallly possible amongst well trained and mature porfessionals. Inorder, to providethe best results and ensure that all the adquate measures of success has been implied durning the employee recruitment process my colleagues and I have developed the following redcruitment and skill evaluation procedures below. We will organize and develope four teams in the areas of Shipping/Receiving, Product Assembly, Inventory, Quality Check, and Management. We will utilize current and newly hired employees to orchestrate the availble positions on the teams. Current employees of displayed exceptional performance will most likely secure roles of leadership and training responsibilities in their individual respective departments. This will give current employees the opportunity to achieve growth within the company, in which will enhance loyalty and production profiency. Allowing previous trained and seasoned workers prep and prepare newly hired workers will save the company tremendously when it comes to capital utilized for training newly hired employees. The recruitment process will be very exstensive serving as a filtering process for the most qualified canidates regardless of their nationality. All employees new and veterans will be administered personality and apptitude test. This will give us an insight on each individual strenghts, weaknesses, mentality, and interest. We will build teams according to these results with a special focus of not placing predominately like minded individuals together. Our aim is to increase constructive compromise thru teamship and optimism. We want to eliminate anti-social and unisocial comfort zones in order to establish omnisocial interaction amongst the entire workforce.…

    • 617 Words
    • 3 Pages
    Satisfactory 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
  • Powerful Essays

    Riordan Manufacturing

    • 5438 Words
    • 16 Pages

    Critical Analysis of Motivation & Rewards Solutions Riordan Manufacturing Abstract The following paper will provide a brief background explanation detailing some of the issues found in the Manufacture. There will a series of three possible solutions identified for Riordan where one will be officially chosen. A brief description of the chosen strategy and solutions will then be detailed to provide a better understanding as to why the solution was the best fit for the company. The paper will proceed with an elaboration of each Riordan department experiencing problems and how the chosen strategy solutions will benefit and help it succeed. To finalize this paper, there will be a recap of the issues facing the company and the effectiveness of the strategy chosen to solve them.…

    • 5438 Words
    • 16 Pages
    Powerful Essays
  • Satisfactory Essays

    New technology in information systems have bought significant changes in accounting profession, practices and processes. It has increased the efficiency and accuracy in accounting and has speed up the process for manual accounting tasks, but also improved security of accounting data and increased transparency. Large organizations and multinationals are changing over to this new information systems and technologies to carry out their accounting tasks on global basis. This information system has led to standardization not only among the different divisions, locations and offices of a single organization, but also on a global basis.…

    • 427 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Riordan Manufacturing

    • 403 Words
    • 2 Pages

    Riordan Manufacturing has three operating entities…Georgia, Michigan and California…plus a joint venture in the People's Republic of China. Basically, the operating entities each have their own Finance & Accounting Systems and they provide input that is consolidated at Corporate…San Jose. The basic components of each system are as follows:…

    • 403 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Accounting Information system is one of the most vital elements of an organization. Every organization, whether it is a profit or non- profit one, should maintain an accounting information system. An accounting information system can be termed as a way of keeping track of all the accounting activities in an organization (Dull & Gelinas, 2009). This tracking of accounting activities is done through the computer-based methods of accounting. An accounting system comprises of six components. The components include users, procedures and instructions, data, and software application. It also comprises of information technology infrastructure and internal controls and measures. When a firm wants to put into place a new accounting information system, the above named factors should be considered in depth. Failure to consider one or more of the above perspectives of an accounting information system is detrimental to a system put or being put in place. This paper aims at looking into some of the factors that concern an accounting information system in the perspective of change.…

    • 3700 Words
    • 15 Pages
    Better Essays