Advanced Cost Analysis and Systems Assignment Example | Topics and Well Written Essays - 1500 words

Advanced Cost Analysis and Systems - Assignment ExampleThe Advanced Cost Analysis and Systems involves carrying away Business cycles for Apple Inc, which overwhelm Revenue--sales process, sales return, cash in receipt Expenditure--purchasing, purchase return, cash disbursement payroll segment Fixed Assets--Acquisition, dispose Inventory--production Treasury Cycle Finiancial.The payroll cycle begins by the receipt of time card from the hourly employees. The time cards depict the number of hours worked by the employees in their respective subdivisions. The head of the department either signs the time card for confirmation or does not sign to indicate rejection. The head of department thusly submits the time card to the payroll manager who then updates the payroll. The companys CFO then reviews gives approval leading to the processing and posting of the payroll. Once the CFO authorizes the paychecks, the company then prepares adequate cash for disposal, in covering the amount in dicated in the payroll. This triggers the preparation of a payroll voucher to act as a record for the total amount indicated in the payroll. After posting the payroll, the checks are then delivered to the employees. This transaction affects the cash department consequently triggering for the preparation of a disbursement journal. The company then reconciles the ledger information.As depicted in the flow chart showing sales process, the first step is a guest placing an order for the companys products. The company presents the customer with the details of products before the actual transaction starts. As a legal procedure, customer purchase order forms an inherent part of the transactions and must include company name, customers name, fabric, quantities, shipping and billing information. The receipt of the purchase order drives the company to approval the order and accompanied credit carried by the customer for the transaction. in the shipping process, the company makes use of a com mon