Question: 1. Describe a revenue cycle based information system that can fulfill business strategies. 2. Draw the data flow diagram for taking customer order to

1. Describe a revenue cycle based information system that can fulfill business

1. Describe a revenue cycle based information system that can fulfill business strategies. 2. Draw the data flow diagram for taking customer order to purchase product(s) or service(s). Describe the process of completing this sales order. 3. Discuss how to record non-routine transactions in journals and post the credit sales with diagram. PART B (2x5 = 10) 1. Write the business activities of revenue cycle and expenditure cycle. 2. Discuss the risks if financial reporting system contains inaccurate information. 3. Discuss how does corporate planning work to determine the objectives for a company, evaly Ltd. 4. Write a HTML form to input data for sending to server. 5. Describe why does an enterprise need an effective management reporting system? 6. Does supervised machine learning algorithms apply to unlabeled data to predict future sales? If it is not, then which type of data are required for it make sales predictions? Discuss with example.

Step by Step Solution

★★★★★

3.35 Rating (155 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

a The revenue cycle is a recurring set of business activities and related information processing operations associated with providing goods and services to customers and collecting cash in payment for ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Would you want to receive a text message from a sales associate while shopping at your favorite retailer? Why or why not? Research more about how Nordstrom differentiates itself from other clothing...

Draw a context-level data flow diagram for Perfect Pizza.

Draw a physical data flow diagram for Problem 7.

Draw a physical data flow diagram for Problem 8.

C plc wants to reward its directors for their service to the company and has designed a bonus package with two different elements as follows. The directors are informed of the scheme and granted any...

In January 2015, the management of Kinzie Company concludes that it has sufficient cash to permit some short-term investments in debt and stock securities. During the year, the following transactions...

Mystic Manufacturing Company maintains the following accounts in the general ledger: Materials, Work in Process, Factory Overhead, and Accounts Payable. On June 1, the materials account had a debit...

The health care industry has been faced with increasing pressure to control costs. Health care costs have increased substantially more rapidly than general inflation rates. At the same time, health...

A company manufactures three products: A, B, and C. The company currently has an order for three units of product A, 7 units of product B, and 4 units of product C. There is no inventory for any of...

Consider the following independent situations. Prepare responses to each as indicated. 1. Richardson Company sells goods and offers rebates to customers based on volume purchased. For the first...

Accounting Changes Depreciation Robillard Inc. acquired the following assets in January of 2007. Equipment estimated service life, 5 years; salvage value , $15,000 $465,000 Building, estimated...

For a normal eye, the far point is at infinity and the near point of distinct vision is about 25cm in front of the eye. The cornea of the eye provides a converging power of about 40 dioptres, and the...

Jim McEntee is provided with a company car which he is allowed to use for private purposes. The car was purchased on 1 November 2017 for $40,000. During the year Jim drove the car 30,000 km of which...

j Multiple Choice Question ep A company receives a special order of 10,000 units of product. The potential customer is willing to pay $0.75 per unit. Current sales are $90,000 and current costs are...

A gas mixture containing 85mole% methane and the balance oxygen is to be charged into an evacuated well-insulated 10-liter reaction vessel at 25C and 200 kPa. An electrical coil in the reactor which...

Users of Accounting Information and Their Needs Listed below are a number of the important users of accounting information. Following the list are descriptions of a major need of each of these...

On January 2, 2011, Pet Corporation enters into a business combination with Sea Corporation in which Sea is dissolved. Pet pays $1,650,000 for Sea, the consideration consisting of 66,000 shares of...

Hira Hardware has four employees who are paid on an hourly basis plus time-and-a half for all hours worked in excess of 40 a week. Payroll data for the week ended March 15, 2012, are presented below....

Michaels Company had available at the end of 2012 the information shown below. InstructionsPrepare a statement of cash flows for Michaels Company using the direct method accompanied by a...

Purchase Revolut Verified Account Instantly With Secure Payment: Easy & Safe Are you looking for a quick and safe way to get a Revolut verified account? You're in the right place. Having a verified...

Green Leaf Produce Company Comprehensive Case (Prepared by Glenn Adams and Nausheena Rahim, Lehigh University) Green Leaf Produce Company, a wholesale distributor nestled in the coal-mining regions...

ACC 640 Milestone Two Guidelines and Rubric Overview This milestone will give you practice using generally accepted auditing standards (GAAS) to plan an audit by filling in various sections of a...

What metrics does the company track (or should track)? How do business models and stages of growth drive metrics this company tracks? In your opinion, what is the OMTM for this company? What should...

Hello Vjvgoe, I have attacked the template I'm required to use to create the master budget for "Frenchies Prompt". I would need like an initial starting process so I can grasp the information little...

Q1 Cloud 9 Ltd. December 31, 2020 Setting materiality Users Users Financial statement area of most concern to the user Cloud 9 company Concerning of growing marketing and Reflected by revenue Bank...

Falcor Supplies is a distributor of high tech teaching equipment. Its primary target customers are schools in the region who purchase the teaching equipment for classrooms and online use. The...