Hardware and Software Selection
There is a requirement to have either hardware or perhaps software to integrate the accounting information into an automated system for viewing by proper individuals. Below, Learning Team A will show whom needs to get this information, what controls will be implemented, the sort of reports being generated by these components or software program and significantly what type of info will be available through corporate Intranet and the Internet. Having the proper hardware and software adding Riordan's info into automatic systems is likely to make life much easier for those affiliated with all the accounting cycles, specifically accounts receivable. Who Demands Access To What Information
Various departments of Riordan will need access to different levels of the new system. The accounting clerk needs usage of enter and edit billings, payments, and adjustments of credits/debits, but only should view reviews such as the Standard Ledger and Month End Reports. The General Accountant and the General Accounting Supervisor, however will need use of edit these reports. The Director of Accounting and Finance will be needing access to review and edit these reviews as well as reports from other departments in the Fund area, including Accounts Payable and Credit rating. The Chief executive, CEO, COO, and CFO will need usage of view the entire system, via month end reports right down to payment studies. Although, upper and middle management can normally not need to view the decrease reports, inquiries arise in the month and year end reports that want investigation using reports just like payment histories and Agings.
The controls that really must be in place with this are preventive, detective, and corrective handles. To integrate the accounts receivable procedure into an automated system for Riordan Making, management needs to reduce the probability of risks taking place in the future. Managing needs to discover possible incidents that signify a problem...
Sources: Dunn C. L., Cherrington J. To., Hollander A. S. (2004). Enterprise Data Systems: A Pattern- Based Approach, 3e. The McGraw-Hill Companies, copyright 2004.