The Expenditure Cycle
Rujukan : Wilkinson Ch 12
___________________________________________________________
-
Topik Perkuliahan
Kategori
-
Komentar Terakhir
Vimala di Kuliah Sistem Informasi Akunta… gunawan di Kuliah Sistem Informasi Akunta… Igna Radia 023060564… di Topik 8 Igna Radia 023060564… di Topik 11 Igna Radia 023060564… di Topik 12 Mei 2007 S S R K J S M 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Meta
-
Blog Stats
- 17,464 hits
The objectives of the Expenditure Cycle are to ensure that all goods and services are ordered as needed, and to receive all ordered goods and verify that they are in good condition.
The data processing consists of purchasing and payables processing system, cash disbursements processing system, procurement card systems, web-based systems.
The data base includes such files as the supplier master, merchandise inventory master, open purchase order, open voucher, cash disbursements transaction, and supplier reference and history files.
There are risk exposures pertaining to the Expenditure Cycle, such as orders placed for unneeded goods or more goods than needed, receipt of uncoded goods, no receipt of ordered goods, and errors by suppliers in computing amounts on invoices.
Because of that risks, it is needed the controls that consists of general controls and application controls. In general controls, there are organizational controls, documentation controls, asset accountability controls, management practices controls, data center operation controls, authorization controls, access control. In application controls, there are authentication, authorization, accountability, data transmission, and disaster contingency and recovery plan.
SUMMARY OF CHAPTER 12 THE EXPENDITURE CYCLE
The major purpose of the expenditure cycle is to facilitate the exchange of cash with suppliers (vendors) for needed goods (materials) and services.
Procedure:
- Data input; sources of input and forms of input.
- Data processing; purchasing and processing system, cash disbursement processing system, procurement card systems, and web-based systems.
- Information output; operational listings and reports, inquiry display screens, scheduled managerial reports, and demand managerial reports.
- Data management; file oriented approach and data-base approach.
Internal control:
- General control. General controls concerning the expenditure cycle can be catagorized as organizational, documentation, asset accountability, management practices, data center operations, authorization, and access.
- Application controls
- Web security procedures.
Chapter 13
The Expenditure Cycle
The major purpose of the expenditure cycles is to facilitate the exchange of cash with suppliers for needed goods and services. Document typically employed are the purchase requisition, purchase order, receiving report, supplier’ invoice, disbursement voucher, and check. Data processing for purchases and cash disbursements transactions usually involves preparing a requisition, placing the order, receiving and storing the goods, ascertaining the validity of the payment obligation, preparing the cash disbursement, maintaining the accounts payable, posting transactions to the general ledger, and preparing needed financial reports and other outputs. The outputs generated by expenditure cycle are voucher register, check register, cash requirements report, overdue deliveries report, purchase or supplier inquiry screens, payables aging report, purchases analyses, and supplier performance report.
Chapter 13
The Expenditure Cycle
The major purpose of the expenditure cycles is to facilitate the exchange of cash with suppliers for needed goods and services.
Data input
sources of input and forms of input.
Data processing
purchasing and processing system, cash disbursement processing system, procurement card systemsweb-based systems.
Information output
operational listings and reports, inquiry display screens, scheduled managerial reports, and demand managerial reports.
Data management
file oriented approach and data-base approach
Internal control:
- General control.
- Application controls
- Web security procedures.
CHAPTER 13
THE EXPENDITURE CYCLE
I. THE MAJOR PURPOSE OF EXPENDITURE CYCLE
to facilitate the exchange of cash with suppliers (vendors) for needed goods (materials) and services.
II. Procedure:
- Data input
sources of input and forms of input.
- Data processing
purchasing and processing system, cash disbursement processing system, procurement card systems, and web-based systems.
- Information output
operational listings and reports, inquiry display screens, scheduled managerial reports, and demand managerial reports.
- Data management
file oriented approach and data-base approach.
III. INTERNAL CONTROL
- General control
General controls concerning the expenditure cycle can be catagorized as organizational, documentation, asset accountability, management practices, data center operations, authorization, and access.
- Application controls
- Web security procedures.