Accounting Cycle Description Paper

Riordan Manufacturing is an international plastic manufacture who operates four separate facilities. These sites argon located in atomic number 20, Georgia, stops, and China. The write up cycles be performed at to each one individual facility. Once the business relationship tasks are completed they are sent to the corporate offices in California for consolidation. Some of these accounting cycles include general ledger, accounts pay fit, accounts receivable, furnish entry, procurement, sales and purchasing history, news report and shipping, payroll, fiscal reporting, EDI*, shut code rendition, and EDSS. The accounting cycles can be studied low the balance sheets, income statements, budges, economic forecasts, and communications. Georgia and Michigan are the demon locations that have been recently acquired by Riordan. The reliable finance and accounting (F & A) used at these two sites aren?t congenial for consolidation at the corporate offices in California. This is causing boniface delays and progenys within the accounts receivable cycle. The stream issue with the accounts receivable governance is that neither Michigan nor Georgia has a parcel course of instruction compatible with the software used at the corporate offices in California. Michigan had purchased their software application from a vendor who is no longer in business. Georgia purchased software completely polar from the application Michigan purchased. Neither of software can doing cohesively together. This is big trouble for the accounts receivable incision because they are unable to consolidate success broad(a)y any cultivation that can presentment any compatibility between the companies.

Due to this geometrical irreg! ularity financial and accounting departments are receiving culture via data files, substantial double reports that must be re-entered, other files that must be converted to be read to correct account codes. This current accompaniment is evident to both Riordan?s vendors and customers. It?s affecting the invoicing and payments. The society must find a solution to spend a penny the issue within its account receivable department. intrinsic control... This is a nicely done Riordan paper. I wish I had been able to review it before completing my own look into on this company and its information control problems. This provides me with a diametrical location on the company issues. The data on IT for correcting dissonant information systems is great. I am not an IT expert, but timbre I know much more after reading this. gigantic job ! If you want to get a full essay, order it on our websit e: OrderEssay.net

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