Docsity
Docsity

Prepare for your exams
Prepare for your exams

Study with the several resources on Docsity


Earn points to download
Earn points to download

Earn points by helping other students or get them with a premium plan


Guidelines and tips
Guidelines and tips

Accounting Religious Education Information System Powerpoint Presentation, Schemes and Mind Maps of Accounting

Accounting Religious Education Information System Powerpoint Presentation

Typology: Schemes and Mind Maps

2021/2022

Uploaded on 10/09/2023

earl-justine-galapin-1
earl-justine-galapin-1 🇵🇭

3 documents

1 / 2

Toggle sidebar

This page cannot be seen from the preview

Don't miss anything!

bg1
OIL COMPANY
HEAD
OFFIC
E
(New York City)
TWO REGIONAL
FACILITIES
(Tulsa, Oklahoma)
(New Orleans, Louisiana)
PRODUCTION
OIL
EXPLORATION
DRILLING
REFINING
DISTRIBUTION
STORAGE
SHIPPING
MARKETING
(National and
International)
LEGAL
DEPARTNME
NT
ACCOUNTIN
G
PROMOTION
ADVERTISIN
G
MARKET
RESEARCH
SALES
ACQUISITION
OF LEASES
AND
CONTRACTS
INVENTORY
CONTROL
COST
ACCOUNTIN
G
PAYROLL
ACCOUNTS
PAYABLE
ACCOUNTS
RECEIVABLE
BILLING
FIXED
ASSET
GENERAL
LEDGER
PROBLEM
5
pf2

Partial preview of the text

Download Accounting Religious Education Information System Powerpoint Presentation and more Schemes and Mind Maps Accounting in PDF only on Docsity!

OIL COMPANY

HEAD

OFFIC

E

(New York City)

TWO REGIONAL

FACILITIES

(Tulsa, Oklahoma) (New Orleans, Louisiana) PRODUCTION OIL EXPLORATION DRILLING REFINING

DISTRIBUTION

STORAGE

SHIPPING

MARKETING

(National and International)

LEGAL

DEPARTNME

NT

ACCOUNTIN

G

PROMOTION

ADVERTISIN

G

MARKET

RESEARCH

SALES

ACQUISITION

OF LEASES

AND

CONTRACTS

INVENTORY

CONTROL

COST

ACCOUNTIN

G

PAYROLL

ACCOUNTS

PAYABLE

ACCOUNTS

RECEIVABLE

BILLING

FIXED

ASSET

GENERAL

LEDGER

PROBLEM

PRESIDENT

VP

PRODUCTION

VP

MARKETING

INVENTORY

MANAGEMENT

PRODUCTION

FOREMAN

SALES

MANAGER

FINANCIAL

MANAGER

INVENTORY

WAREHOUSE

PURCHASIN

G

INVENTORY

CONTROL

ASSEMBLY

TIMEKEEPIN

G

CREDIT

APPROVAL

CUSTOME

R BILLING

PRODUCT

SALES

VP FINANCE

ACCOUNTING

CASH

DISBURSEMEN

TS

CASH

RECIPTS

ACCOUNTS

RECEIVABLE

ACCOUNTS

PAYABLE

COST

ACCOUNTIN

G

PAYROLL

PROCESSING

When it came to the organization's structure, the principle of accounting independence was not

properly enforced when it was designed. As a result, the functional team in charge of a certain physical

activity is also in charge of the accounting component of that activity. This system may be more vulnerable

to fraud if accounting and actual activities are mixed. This may result in information that isn't reliable. Thus,

the organization may make poor decisions as a result of incorrect information. In addition, this will result in

inefficiencies because both the physical exercise and the accounting activities will be performed by the

same crew.

PROBLEM