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Invoice Essay Topics & Paper Examples

Pareto Analysis

We have been appointed as a Six Sigma breakthrough improvement team to look into rework costs and inefficiencies in the company’s invoicing process. Our breakthrough improvement team consists of representatives from the groups that provide the billing information and the groups that process the invoices. At our first meeting, we listed the major steps involved in the process and began constructing a flow diagram. Next, we looked at each step and began detailing the kinds of problems that are detected there. Finally, we listed specific activities that take place to resolve the individual problems that arise. On our completed flow diagram, we identified nine rework loops in the invoicing process. To estimate the cost associated with rework, each team member…

Accounting Help

Required: 1) Which of these items are relevant to Ortiz’s decision about which of these products it will launch? The items that are relevant to Ortiz manufacturing’s decisions are; additional development costs, unit-level costs, batch-level costs and product live cycle. The two items that are irrelevant to the decision are the facility-level costs R&D costs. The reason that the research and development costs are irrelevant is because they are sunk costs. In addition, the facility-level costs are unavoidable; therefore, they are irrelevant. Problem 2. Mae Lee owns a small retail store in Cairo, Georgia. The following summary information regarding expectations for the month of January is provided: As of December 31 there is $500 in the bank and the balance…

Subsidiary Ledgers and Special Journals

A subsidiary ledger is a ledger that includes all of the details of a general ledger, and it holds accounts with similar attributes. The purpose is that is can contain things such as accounts receivable and accounts payable and it can show the sum total. The advantages of using subsidiary ledgers is that the sum of all the accounts is kept in the General Ledger and all of the details of the accounts are kept in the subsidiary ledger which is separate so you can keep them in different columns so to not get confused. A control account is an account that contains the total number of sales/purchases made. If you add up all of the individual accounts it should…

Communication Actitivy

As a new auditor for the CPA firm of Croix, Marais, and Kale, you have been assigned to review the internal controls over mail cash receipts of Manhattan Company. Your review reviews the following: checks are promptly endorsed “For Deposits Only”, but no list of the checks is prepared by the person opening the mail. The mail is opened either by the cashier or by the employee who maintains the accounts receivable records. Mail receipts are deposited in the bank weekly by the cashier. Instructions: Write a letter to Jerry Mays, owner of the Manhattan company explaining the weaknesses in internal control and your recommendations for improving the system. Mr. Jerry Mays Manhattan Company Dear Mr. Mays RE: INDENTIFICATION OF…

Sy’s Fish Company Risk Analysis

As Sy’s business grows there are certain risks and that must be acknowledged and addressed in order to make operations run smoothly and efficiently. Below are the risks that have been identified and recommendations to mitigate them. Risk: Sending documents to Sy via mail. There is a high probability that the documents could be lost and therefore the transactions never recorded. Mail can take up to a week to receive so the timing would be affected. Transactions would be recorded in the wrong period and adjustments would have to be made to correct this. Recommendation: Sy should implement an information technology system so documents can be recorded in a timely manner and not lost in the mail. Risk: Return policy…

SureCut Shears case study

What assumptions did Mr. Fischer make when he prepared the forecasts shown in case Exhibits 1 and 2? Were these assumptions reasonable? General Assumptions 1.The company has seasonality in sales This assumption is reasonable as the business has been shown to have different rates of sales in different months. Assumptions (Income Statement) 1.Sales for the year will be consistent with the previous year (only a small decrease) This assumption is reasonable since a decline in sales was not predicted until January 1996; only a negligible decline was forecasted. This assumption is in fact conservative given that the company has been growing consistently throughout the past years. 2.COGS will be consistent with the previous year Mr. This assumption is not entirely…

Accounting Information Systems

1. Aims This assignment aims to provide students with a detailed understanding of business activities performed in the major business cycle and the flow of accounting data and information in those accounting information system. Upon completion of this assignment, students would be able to appreciate and practically apply the different methods in building, using and implementing accounting information systems to meet organisation goals which are taught through BACS2703 Accounting Information Systems. It introduces and manages the use of information communication technology and accounting information systems in the actual business environment in order to optimize business benefits. 2. Learning Outcomes Upon the completion of this assignment, the students will be able to:- Comprehend the basic business activities and related information processing…

System Evaluation Paper

No doubt, EDI or electronic data interchange process has increased efficiency in exchanging business documents between companies. This process replaces faxing and mailing of documents. The process utilizing specific record formats that are based on widely accepted standards (CovalentWorks, 2014). EDI is used in a variety of industries; over 160,000 companies have switched to EDI to increase their efficiencies. In addition, a vast majority of the companies require their partners to use EDI as well. Assuredly, there are many benefits and some drawbacks for companies that use EDI. One major benefit of EDI is the computer-to-computer exchange of information is much less expensive than handling paper documents. Moreover, studies have concluded that the processing of a paper-based order can cost…