Accounting Cycle

Riordan Manufacturing is a confederacy that sells plastic bottles, fans, heart values, medical stents, and coiffe plastic part. Their corporate office is located in San Jose. The ships federation?s clientele includes automotive separate manufacturers, the Department of Defense, and ordnance manufacturers. The musical composition will address the comp whatsoever?s gross calendar method focusing on direct follow of goods sold. The paper will c over the strengths and weaknesses of the internal controls as they have-to doe with to the receipts cycle. The paper will outline how to integrate the cycle into an opening wide accounting schooling system, identify between other(a) types of selective information systems to arrive at integration, and show how the accounting information flows through Riordan Manufacturing. Accounting CyclesRiordan Manufacturing is a Fortune 1000 company owned by Riordan with annual revenue in inordinateness of 1 billion dollars. The research co nducted for the company is located at the corporate head quarters. Riordans major guests are automotive parts manufactures, aircraft manufacturers, the Department of Defense, beverage makers and bottlers, and appliance manufacturers. Riordan has three operating entities, California, Georgia, and Michigan, for all(prenominal) one having its own Finance and Accounting plane section.

Each department provides input signal to the corporate head quarters in San Jose and as a result, Riordan has been able to maintain good customer relations overdue to its rigorous quality controls, innovative solutions, a responsive patronage attitude and reasonable pricing. T! he primary plan of the Income program line is to make known a companys earnings to investors over two or more(prenominal) years (Income statement analysis, 2007). By no means is Riordan Manufacturing any different, the income statement that it has provided shows two years of income and expenditure. The income statement shows how effectively steering is controlling expenses, the sum of money of taxed paid and the amount of interest income. Although Riordan increase sales for 2005 the operating expenses (in all categories)... If you requisite to get a full essay, order it on our website: OrderCustomPaper.com

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