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Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127

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BuyFindarrow_forward

Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127
Textbook Problem

The two most widely used billing systems are (1) pre-billing systems and (2) post-billing systems.

  1. a. Discuss the conditions under which each of these billing systems is most appropriate.
  2. b. Discuss the relative advantages of each of these billing systems from the standpoint of both the selling company and the customer.

a)

Summary Introduction

To explain: The conditions under which each of the billing systems are appropriate.

Introduction:

B/AR/CR process:

It is an accounting process with an interacting structure of different process supporting the decision-making activities of the financial managers.

Explanation

The conditions under which each of the billing systems are appropriate:

A pre-billing system is suitable if:

  • The cost of shipping can be calculated during the time when the order is entered.
  • When the goods are available.
  • The shipment process occurs fast...

b)

Summary Introduction

To explain: The relative advantages of this billing system from the standpoint of the seller and the customer.

Introduction:

B/AR/CR process:

It is an accounting process with an interacting structure of different process supporting the decision-making activities of the financial managers.

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