Acc 324

Front 1

Dissemination of sales order includes:

Back 1

Picking ticket authorizes warehouse to "pick goods"
Customer acknowledgment is sent to customer to notify order acceptance and ship date
Sales order notification sent to billing department

Front 2

Dissemination of notices

Back 2

Shipping's billing notification
Bill of landing
Packing slip
General ledge inventory sales update

Front 3

Bill of Landing

Back 3

contract between shipper and carrier

Front 4

packing slip

Back 4

contents of package

Front 5

customer master data

Back 5

contains records of every customer with whom we are authorized to regularly do business

Front 6

inventory master data

Back 6

record of each item that is stocked in the warehouse or is regularly ordered from a vendor

Front 7

marketing data

Back 7

pre-sales and recorded sales

Front 8

sales order master data

Back 8

at completion of sales order

Front 9

the billing/ar/cash receipts process completes the order-to-cash process by

Back 9

billing customers
managing customer accounts
securing payment for goods sold or services rendered

Front 10

interacting structure of people, equipment, methods, and controls designed to create information flows and records that accomplish:

Back 10

supporting the repetitive work routines of credit department, cashier, and ar department
support the problem solving processes of financial managers
assist in the preparation of international and external reports

Front 11

good funds

Back 11

funds on deposit and available for use

Front 12

technology is designed to eliminate float -

Back 12

cred cards
debit cards
pay by touch company
EBPP with banks online
customer self-service systems

Front 13

electronic payment methods accomplish 2 goals

Back 13

accelerate cash flow
reduce cost of processing payment

Front 14

major objective of B/AR/CS process

Back 14

keeping receivables at a minimum

Front 15

goal of technology to optimize cash resources

Back 15

shorten the collection process to free funds for investing

Front 16

lapping

Back 16

a fraud by which funds being paid by one customer are stolen and the theft is covered up by applying funds received from another customers account

Front 17

controls to prevent lapping

Back 17

forced vacations
rotation of duties

Front 18

when OE/S produces a sales order it notifies:

Back 18

B/AR/CR process

Front 19

invoice

Back 19

business document used to notify the customer of an obligation to pay the seller for the merchandise ordered and shipped

Front 20

remittance advice

Back 20

business document used by the payer to notify the payee of the items being paid

Front 21

AR master data

Back 21

a repository of all unpaid invoices issued by an organization and awaiting final disposition

Front 22

AR master data provides...

Back 22

useful information i mining outstanding customer balances and prompting customers to pay in a timely manner

Front 23

AR mater data - 2 systems

Back 23

balance forward system
open item system

Front 24

balance forward system

Back 24

AR records consist of a customers balance, categorized a current and past due, and current account activity including such items as current charges and finance charger for past due balance and payments

Front 25

open item system

Back 25

appropriate in situations when invoices are prepared and sent for each sale and customer typically makes payment for specific invoices when invoices are due

Front 26

4 even data stores

Back 26

sales event data
AR adjustment data
cash receipts event data
remittance advice file

Front 27

sales even data

Back 27

invoice records

Front 28

AR adjustment data

Back 28

created as sales returns, bad debt write-offs, estimated doubtful accounts, or similar processed

Front 29

cash receipts events data

Back 29

created when customer payments are recorded, contains the details of each payment as reflected on the RA accompanying a payment

Front 30

remittance advice file

Back 30

sores copies of RA's

Front 31

types of billing systems

Back 31

post billing system
pre billing system

Front 32

post billing system

Back 32

invoices are prepared after goods have been shipped and the sale order notification has been matched to shipping's billing notification

Front 33

pre-billing system and Ex.

Back 33

invoices are prepared immediately on acceptance of a customer order-after inventory and credit checks are accomplished
LL Bean

Front 34

"purchase to pay" process

Back 34

requirements determination
purchase order processing
good receipts

Front 35

purchasing process

Back 35

an interacting structure of people, equipment, methods, and controls designed to accomplish:
handle repetitive work routines of purchasing and receiving department
support the decision needs of those who manage the purchasing and receiving departments
assist in the preparation of internal and external reports

Front 36

goods

Back 36

raw materials, merchandise, supplies, fixed assets or intangible assests

Front 37

services

Back 37

work performed by outside vendors including contractors, consultants, auditors, etc.

Front 38

supply chain

Back 38

the connections between organization, includes the flow of information, materials and services from suppliers of merchandise and raw material through to the organizations customers - value chain

Front 39

supply chain management software

Back 39

helps an organization execute the steps in the supply chain

Front 40

categories of SCM

Back 40

supply chain planning software
supply chain execution software

Front 41

supply chain planning software

Back 41

accumulates data about orders from retail customers, sales from retail outlets, and date about manufacturing and delivery capability of assisting in planning for each of the SCM steps

Front 42

supply chain execution software

Back 42

automates the SCM steps; ERP software is assigned to this category as it orders to an appropriate warehouse and executes the invoice for sale

Front 43

economic order quantity (EOQ)

Back 43

technique analyzing all incremental costs associated with acquiring and carrying particular items of inventory

Front 44

order goods and services

Back 44

vendor master date identifies potential supplies
intelligent agents, web services, B2B marketplaces can help find vendors
blanket order or annual agreements with vendor mean ordering as much as possible at one time
run new vendor requests at competitive bid

Front 45

E-procurement

Back 45

the use of information technology to automate significant portions of procurement process; improves SCM; reduces errors

Front 46

AP/CD includes in purchase to pay process

Back 46

invoice verification
payment processing

Front 47

Accounts Payable/Cash Disbursements (AP/CD) Process

Back 47

interacting structure of people, equipment, methods, and controls designed to accomplish the certain functions

Front 48

functions in AP/CD

Back 48

handle repetitve work routines in AP department and the cashier
support the decision needs of those who manage the AP department and cashier
assist in the preparation of internal and external reports

Front 49

horizontal perspective

Back 49

invoice from vendor => invoice sent to general ledger => payment sent to vendor by cashier, paid voucher returned to AP department, payment notice to general ledge

Front 50

vertical perspective

Back 50

cashier has custody of cash and executes payments authorized by AP department

Front 51

vendor invoice

Back 51

business document that notifies the purchaser of an obligation to pay vendor for goods or services that were ordered and shipped to purchaser; triggers first step in establishing payable

Front 52

floats

Back 52

the time between the customer tendering payment and the availability of good funds