Page 9 - Accounting Information Systems

viii Contents

Cash Disbursements Procedures 239
Reengineering the Purchases/Cash Disbursements System 240
Control Implications 242
SUMMARY 243

Chapter 6 The Expenditure Cycle Part II: Payroll
Processing and Fixed Asset Procedures 265

THE CONCEPTUAL PAYROLL SYSTEM 266
Payroll Controls 274
THE PHYSICAL PAYROLL SYSTEM 275
Manual Payroll System 275
COMPUTER-BASED PAYROLL SYSTEMS 277
Automating the Payroll System Using Batch Processing 277
Reengineering the Payroll System 279
THE CONCEPTUAL FIXED ASSET SYSTEM 281
The Logic of a Fixed Asset System 281
THE PHYSICAL FIXED ASSET SYSTEM 283
Computer-Based Fixed Asset System 283
Controlling the Fixed Asset System 286
SUMMARY 288

Chapter 7 The Conversion Cycle 305

THE TRADITIONAL MANUFACTURING
ENVIRONMENT 306
Batch Processing System 307
Controls in the Traditional Environment 318
WORLD-CLASS COMPANIES AND LEAN
MANUFACTURING 320
What Is a World-Class Company? 320
Principles of Lean Manufacturing 320
TECHNIQUES AND TECHNOLOGIES THAT PROMOTE LEAN
MANUFACTURING 322
Physical Reorganization of the Production Facilities 322
Automation of the Manufacturing Process 323
ACCOUNTING IN A LEAN MANUFACTURING
ENVIRONMENT 326
What’s Wrong with Traditional Accounting Information? 326
Activity-Based Costing (ABC) 328
Value Stream Accounting 329
INFORMATION SYSTEMS THAT SUPPORT LEAN
MANUFACTURING 331
Materials Requirement Planning (MRP) 331