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The warehouse manager would like to ensure that all sales orders are sent out for delivery, which report can he generate from the AIS to assist him?
MRP II can determine the Bill of Material (BOM) as well as the master production schedule.
Ownership of the inventory is transferred to the customer once he has made payment for it.
An organization can use an Accounting Software package that is more suited to a larger organization than itself because:
The smallest size of an accounting team is two because there must always be a person who reviews the work performed by the other.
This is an example of a proposed Accounting Information System’s ability to interface and communicate with other important systems already in use:
In practice, this cost is usually under-budgeted when organizations plan for a new Accounting Information System:
Although there is no physical movement of inventory when a sales order is created, an artificial movement in quantity is necessary to ensure that the organisation doesn’t sell items already promised to a client.
The logical sequence of an account chart means that accounts must follow the logical arrangement of financial statement categories and subcategories.
Regular revaluation of the investment is a transaction that needs to be recorded in the AIS.