Documents in the Revenue Cycle List Example

Documents in the Revenue Cycle List Example Documents in the Revenue Cycle List – Coursework Example Accounting Internally and Externally generated documents in the revenue cycle list are as under: Internally Generated Documents Sales Order SalesInvoice Credit Memo Picking Ticket Packing Slip Monthly Statement Remittance List Externally Generated Documents Customer Order Bill of Lading Remittance Advice 2. Internally Generated Document No. of Copies & Departments where the copies are sent Purpose of each copy Sales Order Copies Required: 3 1.Accounts Department 2 Warehouse and Shipping department 4.Customer 1.For Preparing Sales Invoice and authorizing customer credit 2.Preparing Shipping Advice, Stamping with date of shipping, and Releasing goods to carrier 3. Confirmation of order Sales Invoice Copies Required: 3 1.Customer 2.Book keeper 3.Accounts Department copy 1Copy to customer along with delivery through carrier 2.For matching with confirmed sales order from customer 3. For recording sales in books through sales journal, Credit Memo Copies Required: 2 1 Book Keeper 2. For Record 1. To prepare Sales Invoice on basis credit memo report of customer. 2. For future reference Picking Ticket Copies Required: 2 1. Warehouse 2. Shipping Department 1. For picking and making entries in stock bins & registers 2. For delivering goods to carrier. Packing Slip Copies Required: 3 1. Customer 2. Accounts Department 3. Warehouse 1. Along with delivery through carrier 2. To contra check quantity of goods sold with invoice 3. For goods issued for sales recording in stock registers Monthly Statement Copies Required: 2 1.Credit Control department 2.Management 1. For reminders to delayed accounts receivables 2.As a periodic report for management decision making Remittance List Copies Required: 2 1.Collection Department 2. Accounts Department 1. To be prepared by collection department for posting in Cash Rec. Journal and counter checking of bank deposit slips. 2.For posting in Subsidiary Accounts Receivable ledger 3. In the present business scenario, manually created revenue cycle documents slow down the revenue cycle operations and that may create a number of financial problems emerging from delayed recoveries from accounts receivables. â€Å"Internet and ERP have injected many changes in the revenue cycle. Sales Orders arrive on web. In the cases sales orders that need credit decisions in few minutes, web based services offer automation of the entire credit approval process.† (Ashotosh Deshmukh, 2005)1. But sometime automations become inefficient say when customers’ credit worthiness is judged merely on the basis of credit points stored in a system. There is always a need control to maintain a standard Basic objective of control over electronic forms is that accurate data should be available when needed, and all revenue cycle activities be performed efficiently and effectively. For effective control over electronic documentations in the revenue cycle operations the following proce dures should be considered: Further processing on Sales orders should be done only on verification that required goods are available. Sales Order processing should be automated as per batch technology and real time technology. Sequential number to Sales orders, Sales Invoices and Credit Memos generated through electronic system should be assigned by the system itself. Regular file backups, file labels, modification of default settings on ERP systems, encryption etc. are the basic control features of electronically operated revenue cycle. Under electronic system, though customer’s credit is approved as per criteria decided by the Credit Manager and programmed into the system, final approval should be manually done by the Credit manager after generation the hard copy of the Credit memo by the system. In other words there should be some manual control in approval of customer credit history. Electronic Fund Transfer (EFT) should be encouraged instead of receiving cheques and pay orders from Accounts receivables. This will eliminate the mistakes and frauds occurring at the stage of maintaining and operating remittances related documents, like remittance lists and passing of accounting entries on basis of those documents.

What Polypropylene Plastics Are and How Theyre Used

What Polypropylene Plastics Are and How They're Used The world of plastic is not a cut and dried one. There are around 45 different types of plastic and each one has its own properties and uses, from commercial to residential. Polypropylene is one type of plastic that is used for a number of different products, due to its wide variety of properties. Understanding the chemical properties, history and advantages of this plastic can allow you to see the importance that this type of plastic has on your everyday life. What are the chemical properties of this plastic? Chemical Properties of Polypropylene Polypropylene is located between low-density polyethylene (LDPE) and high-density polyethylene (HDPE) on the crystallinity level. It is flexible and tough, especially when it is copolymerized with ethylene. This copolymerization allows this plastic to be used as engineering plastic that is in a number of different products and uses. The flow rate is a measure of molecular weight and this determines how easily it will flow during processing. A higher MFR allows the polypropylene to fill the mold more easily. As the melt flow increases, some of the physical properties of the plastic decreases, however, such as impact strength. History of Polypropylene German chemist, Karl Rehn, and Giulio Natta first polymerized propylene to a crystalline isotatic polymer in March 1954. This discovery soon led to a commercial production of polypropylene starting in 1957. Others claimed the discovery, as often occurs when a general body of knowledge is used, and this litigation was not resolved until 1989. This very popular plastic is one that many different manufacturers use for a number of different products. What Is Polypropylene Used For? Polypropylene is used for a wide number of different products. Due to the resistance to fatigue, this means that it can be used on items that are going to have high stress, such as hinge mechanisms on water bottles and more. It is also used in manufacturing piping systems, as well as chairs, and in medical or laboratory use. The colorfastness means that it is also used in carpeting, rugs, and mats. Ropes, cable insulation, roofing membranes, storage boxes, disposable bottles, plastic pails and other items are also made using this type of plastic. When you consider the impact of this plastic on your everyday use, you will see that it is one plastic that most people just cannot live without. PP plastics are also used in fiber reinforced composites. Common trade names for FRP glass fiber reinforced polyproplyene include Polystrand and Twintex. Polypropylene Advantages Polypropylene offers many different advantages. These advantages allow it to be used for a wide variety of different products and uses, from high heat to cold weather and more. What are some of these advantages? -Low cost makes it budget friendly for a wide number of uses -Has a moderate strength and stability -Has flexibility, which makes it easy to mold into different shapes -Colorfast, which means that any colors will stay bright and beautiful -Resistant to fatigue, which allows it to be used for things such as water bottle hinges and spouts -Offers good insulation for pipes, cables, and more -Chemically resistant to most oils and solvents -Excellent impact strength -Low coefficient of friction -Excellence moisture resistance -High temperature resistance, which means it can be used in laboratories When you look at polypropylene, you can see that it has many different properties that explain its widespread use. From clothing to pipes to carpet and more, this type of plastic is one that is used in a number of different products. Understanding its importance will allow you to appreciate it to the fullest. Polypropylene is one plastic that can be used for products now and can be recycled into products for the future as well.

Traditional Structured Design Essay Example | Topics and Well Written Essays - 250 words

Traditional Structured Design - Essay Example Based on the available information, directory system is naturally inclined to hierarchy (Zahir & Omran, 2001). The assumption that directory system is naturally inclined to hierarchy is because the directory system offers reliable mechanisms that facilitate effective communication among technical experts. The system is also inclined to hierarchy since it offers comprehensive database for all organisation actors. The availability of reliable and detailed database also ensures that all authorised professionals have access to the available information. The directory system uses reliable agents and technology in transmitting information from the sender to the receiver. The directory system also has various protocols that facilitate effective operations of hierarchical structure in modern institutions. The Peer-to–Peer networking system is less inclined to a hierarchy. The less inclination to the hierarchy of Peer-to-Peer networking system is due to the reality that, the system have decentralised distribution network. The existence of decentralised network hinders effective communication in a hierarchical nature of traditional structured designs. Moreover, instead of having reliable agents to facilitate effective communication, the system actors serve as both the customers and suppliers of resources. The Peer-to-Peer system also lacks the required privacy essential in the communication process. Besides, the system facilitates sharing of information among all interconnected peers (Jayasumana,

Post Mortem Forensic Analysis Research Paper Example | Topics and Well Written Essays - 1000 words

Post Mortem Forensic Analysis - Research Paper Example In order to initialize a forensic analysis, the first step is to determine the point of the breach to the network. Likewise, after identifying the point of the breach, a forensic examiner can evaluate its exploitation. Moreover, the examiners can also identify the source of the threat i.e. the Internet. As per the scenario, a large computer network is compromised by a threat that may have also exploited classified documents. The report will demonstrate the forensic analysis with the aid of FTK tools in order to identify the root cause of the threat. Overview If an organization is affected by a security breach, in some cases, it is complex to calculate risks related to information assets present on the network. Likewise, it depends on the severity of the threat that may have caused large disruptions in network-based services. This is the point where the digital forensic expert is incorporated for identifying the threat, impact and network incidents caused by it. Organizations experien ce new techniques and methods from an ongoing investigation by a digital forensic expert. Likewise, the point of interception, methodology, and protection etc. are considered to be critical. Moreover, financial institutions are keener to adopt forensic analysis, as this domain including business model and nature of the data, cannot compromise on security (Network postmortem: Forensic analysis after a compromise, n.d.). For instance, master card, visa, American express demonstrates a solid online security framework. In the current scenario, where a network is already breached by a threat, these forensic experts focus on three core factors i.e. (Network postmortem: Forensic analysis after a compromise, n.d.): A discovery process focused on understanding the application and network infrastructure, as well as the business information flow of the organization Interviews with key personnel to understand the facts of the case from the customer's perspective and identify suitable sources of forensics data Data collection to gather critical sources of evidence to support the investigation, followed by analysis Methodology Assuming that the threat has initially breached the application server that was serving as an intranet for the organization, forensic investigators construct a methodology that will monitor attacks from inbound and outbound networks. These three processes will be executed, in order to detect the cause and the source: pcap trace analysis that is initialized for server-side attack pcap trace analysis that is initialized for client-side attack Netflow analysis initialized for network flow monitoring In order to capture attacks, forensic investigators implemented a vulnerable HTTP server. The server will acts as an original server and address every query related to HTTP. However, for processing a ‘POST’ request the server will initiate a separate thread that will encapsulate a shell incorporated by a port 12345. The replicated fake web server will process the shellcode similarly to the original one. The tool that will be used for exploiting and capturing network traffic is ‘WireShark’(Cert Exercises Handbook – Scribd, n.d.). It is an open-source tool that is meant for capturing data packets and network traffic examination on wired and wireless networks (Wireshark Network Analysis n.d.).

Cloning: A Good Thing Essay -- Science Genetics DNA Clone Essays

Cloning: A Good Thing A growing controversy in the world today is cloning. One stance is that cloning and cloning research should be banned altogether. Another position is in support of no restrictions of cloning and that scientists should be able to test on animals if they deem it necessary. Many other views are squeezed into different gray areas on the topic. It would be beneficial to explore the methods, benefits, moral and ethical conflicts involved with human cloning to fully understand the pros of cloning. The methods of human cloning and the research that accompanies them can provide a great deal of benefits. The benefits of human cloning include important medical breakthroughs, reproduction, and morality issues. Animals and plants could be cloned to produce lifesaving medicines through the research obtained on the way to human cloning. Human cloning research could cure many incurable diseases. â€Å"Medical breakthroughs from cloning research could cure cancer and heart attacks, lead to organs for organ transplants, and a revolution in cosmetic surgery. A balding man could have grafts made of his own hair and have it transplanted onto his scalp† (Human Cloning Foundation). Human cloning technology could allow children to lead better lives than their parents did, because of medical breakthroughs. Cloning could lead to the fountain of youth. It could allow reproduction of organs so people could transplant organs and never die. Infertile couples co...

Compare Egypt and Mesopotamia

Jenny Di Bowler 5th Period AP World History Comparative Essay 07 September 2010 The geography of Egypt and Mesopotamia helped shaped their economies, social structures, and religions. In these two societies, the rivers they depended upon played central roles in all parts of society. The Tigris and Euphrates Rivers surrounding Mesopotamia and the Nile River, in the middle of the desert, produced two polytheistic, ancient civilizations.Although Egypt and Mesopotamia both have similar economies which center on agriculture and include heavy trading, they differ in their religions and social structures because the geographical features in each region altered the people’s beliefs and views. The two civilizations views on religion were also affected by the geography of the area, more specifically the flooding of the two rivers. The Mesopotamians believed in a dark and cruel afterlife where everyone was sentenced to after death, while Egyptians thought that they would be judged by the god of the underworld, Osiris.He would determine if they could pass on to the good afterlife or not. The Mesopotamians view of gods as uncaring was most likely due to capricious nature of their rivers. The direct result of the gods’ capriciousness was said to have lead to the unpredictable flooding. The rulers of Mesopotamia could not claim to be gods or have divine powers because they could not predict or control the floods, while the Egyptian kings were unquestionably divine.The Egyptians had a very fond view of their gods and tried to keep their cycles of life continuing, including the continuation of divine kings, while Mesopotamians feared their gods and did everything possible to gratify them. The consistent cycle of floods in the Nile brought bountiful harvests. Rebirth occurred all around them and the Egyptians trusted in this cycle. They put a lot of effort in order to ensure â€Å"rebirth† and went through many rituals, such as mummification, in order to pre serve their bodies for the afterlife.They also trusted and provided for their gods so that the floods would continue to bring them with bountiful crops and wealth. The Mesopotamians did not trust their gods, but relied on meeting all of their needs so as to not anger them and cause ruin to their landscape. Egypt’s location was quite isolated and guarded due to its surrounding deserts, while Mesopotamia was open to invaders due to its flat plains. Warriors were important and therefore high on the social ladder due to Mesopotamia’s vulnerable location. On top of the warriors in the social structure were the priest and kings, while underneath was everybody else.The priests stayed in control of the population and on top by threatening death. The fear of death was prevalent because the religious belief of the time concerned a dark, dreary, underworld that people went for eternity once they were dead. Mesopotamia’s rulers were not gods, whereas Egypt’s society was led by pharaohs claimed to be gods on earth, in fact the sons of the sun god Re and incarnations of Horus. They were the centers of the Egyptian state and could determine whether or not the people of Egypt would go to the good afterlife or the bad.The pharaoh also ensured the fortune and well-being of the state by predicting when the floods would come. Therefore the lower classes of peasants and artisans all looked to please and obey their rulers. Both h The economies of the two different civilizations were very similar because they both depended heavily on agriculture. Both were centered on rivers. Theses rivers would flood and provide fertile silt for the crops to grow on, however each region did not always have all the resources necessary. Because of that, trade was also very vital and played an important role in the economy.In Mesopotamia, the land surrounding the urban centers would all be irrigated and taken care of by farmers. They would plant crops (wheat and barley flou rished here) and all the surplus would go to those inside the cities who were artisans, officials, etc. In Egypt, most people were farmers. They planted things like lettuce, wheat, barley, dates, grapes, melons and cucumbers. The two societies also relied on trade. Mesopotamia did not have many natural metals. They traded barley, vegetable oils and textiles in return for metals, timber and stone. Egypt did much trading with its southern counterparts.Egypt traded with Nubia for gold and precious stones, but was more interested in conquering lands in order to gain access to resources. In the second millennium BCE Egyptians invaded Nubia and took control over its gold fields. If these two civilizations had been in any other region in the world, their religion, social structure and economy would differ from what they were. The behavior of the rivers and land features of Mesopotamia and Egypt caused the differences in religion and social structure, while the presence of the rivers that b rought fertile silt to the croplands and lack of certain resources are what made the economies so similar.

Impacts Of A Minimum Wage Hike - 900 Words

Impacts to a Minimum Wage Hike in America There has been much controversy over the years on the impacts resulting from an imposed minimum wage and how it relates to the economy. It wasn’t until President Franklin D. Roosevelt signed a Bill enacting the Fair Labor Standards Act of 1938 that American’s gained the right to a minimum threshold by which their labor could be sold. Against much opposition President Roosevelt was for a law that banned oppressive child labor and set the minimum hourly wage at .25 cents, and the maximum workweek at 44 hours.1 The minimum wage has been around for many years and it wasn’t until recently that it has become the topic of many discussions again. The intent of this paper is to look at some of the economic impacts associated with an increase to the minimum wage. There continues to be a difference in opinion among many economists on the pros and cons of a minimum wage hike. Those in favor attribute quality of life, reduction in poverty and gained efficiencies; whil e those that oppose claim an increase to poverty, unemployment and reduced efficiencies across the board. Which path warrants the most merit and should be considered a viable option across the board for the United States labor force? Several factors should be considered when determining a fair and equal wage across the labor force. Preservation of the existing labor force, while minimizing the impacts on a business being able to maintain their competiveness is a criticalShow MoreRelatedPersuasive Speech Outline For Non Rising Of Minimum Wage Essay1228 Words   |  5 Pagesis to persuade my audience to support the non-rising of minimum wage. ___________________________________________________________________________ Introduction Attention getter (teaser): How many of you believe we in the state of California should have a higher minimum wage? Well we shouldn’t and I’m going to tell you why. 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Most people have a tendency to assume that when the minimum wage is increased people will benefit. They do not stop to think of the consequences that come from minimum wage increases. The general population merely assumes that people should make an adequate amount of income and never stop to consider the consequences, nor do they stop to considerRead MoreEconomic Outcomes Of Raising The Federal Minimum Wage1489 Words   |  6 Pagespercent of all wage and salary workers. Among those paid by the hour, 1.3 million earned exactly the prevailing federal minimum wage of $7.25 per hour. About 1.7 million had wages below the federal minimum. Together, these 3.0 million workers with wages at or below the federal minimum made up 3.9 percent of all hourly paid workers†(Ratio of Minimum Wage). The Federal minimum wage drives debate among people today, and with many wanting the feder al government to raise the minimum wage to fifteen dollarsRead MoreThe Labor Standards Act Of 19381638 Words   |  7 Pagesearns the minimum wage still lives below the poverty line. That’s wrong. Tonight, let’s declare that in the wealthiest nation on Earth, no one who works full time should have to live in poverty.† —President Barack Obama. For the purpose of keeping America out of poverty and increase consumer purchasing power in order to simulate the economy, President Franklin Roosevelt signed the law of minimum wage on June 25, 1938 as a part of the Fair labor Standards Act of 1938. The first minimum wage was $0.25Read MoreThe Minimum Wage Should Be Legal905 Words   |  4 PagesRise in minimum wage has several impacts apart from unemployment. The minimum-wage workers would have to pay more taxes and receive fewer benefits if they are subjected to rise of minimum wage. The federal marginal rate for tax is 32 percent on an average for low earning me mbers. This would amount to almost one third of the income of a worker. The tax rate is quite high for low paid workers. The rise of minimum wage would also reduce some of the advantages and leverages that the low-wage workersRead MoreRaising Minimum Wage For Fast Food Workers1001 Words   |  5 Pageshigh school, or have no education at all. How would that make you feel? Either way, a movement, called Fight for Fifteen, is lobbying elected officials to mandate minimum wage for fast food workers at fifteen dollars an hour, and I feel it is a slap in the face to America’s middle class. With the ridiculous demand to raise minimum wage to unprecedented heights, the economy will tank. In the long run, the people demanding the increase will find it harder to stay employed. Lastly, compared to other