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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

Refer to the operations process (effectiveness) goals shown in the control matrix, Figure 12.13 (pp. 482–483). Referring to goals A (purchasing) and B (receiving), describe an operations goal other than the one discussed in the chapter.

Summary Introduction

To determine: The operations process goals for purchasing process and receiving process.

Introduction:

Accounting Information System (AIS) is said to be the specialized subsystem of the Information System (IS). AIS can be used in the business events for the purpose of collecting, processing, and reporting the financial information.

Explanation

Operations process goals for purchasing process:

The firm should maintain a sufficient number of vendors to provide reliable supplies without any interruption.

Cash and logistical planning should be facilitated.

The purchasing operation's goals help to make sure that the receipts are provided at the timely manner for ordered goods and services.

The purchased cost of the goods and the ordering cost can be minimized...

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