Accounting Cycle

Riordan Manufacturing is a confederacy that sells plastic bottles, fans, heart values, medical stents, and rehearse plastic part. Their corporate office is located in San Jose. The caller?s clientele includes automotive split manufacturers, the Department of Defense, and weapon system manufacturers. The musical composition will address the comp whatsoever?s gross calendar method focusing on direct hail of goods sold. The paper will coer the strengths and weaknesses of the internal controls as they meet to the receipts cycle. The paper will outline how to integrate the cycle into an opening wide accounting schooling system, identify surrounded by other(a) types of discipline systems to arrive at integration, and show how the accounting information flows through Riordan Manufacturing. Accounting CyclesRiordan Manufacturing is a Fortune 1000 alliance owned by Riordan with annual revenue in overabundance of 1 billion dollars. The research conducted for the company i s located at the corporate head quarters. Riordans major clients are automotive parts manufactures, aircraft manufacturers, the Department of Defense, beverage makers and bottlers, and appliance manufacturers. Riordan has three operating entities, California, Georgia, and Michigan, for apiece one having its own Finance and Accounting segment.

Each department provides input signal to the corporate head quarters in San Jose and as a result, Riordan has been able to maintain good customer relations overdue to its rigorous quality controls, innovative solutions, a responsive patronage attitude and reasonable pricing. The primary design of the Income command is to make known a companys earnings to investors over two or more(pren! ominal) years (Income statement analysis, 2007). By no means is Riordan Manufacturing any different, the income statement that it has provided shows two years of income and expenditure. The income statement shows how effectively steering is controlling expenses, the descend of taxed paid and the amount of interest income. Although Riordan increase sales for 2005 the operating expenses (in all categories)... If you indigence to get a full essay, order it on our website: OrderEssay.net

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