Shared Flashcard Set

Details

AIS
Advanced REA modeling
6
Accounting
Undergraduate 4
12/06/2010

Additional Accounting Flashcards

 


 

Cards

Term
What are the main revenue cycle events
Definition
Sales & receive cash (maybe take sales orders)
Term
What are the major expenditure cycle events
Definition
order inventory, receive inventory, cash disbursement
Term
What are the main payroll cycle events
Definition
time worked & disburse cash
Term
What are the main events in the production cycle
Definition
issue raw materials, perform job operations, perform machine operations, work in process
Term
What are the 3 entities containing data for the production cycle
Definition
bill of materials, job operations schedule, machine operations list
Term
What are the main events in the rental cycle
Definition
receive item, rent item, get cash
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