Accounting Cycle

Riordan Manufacturing is a confederacy that sells plastic bottles, fans, heart values, medical stents, and practise plastic part. Their corporate office is located in San Jose. The party?s clientele includes automotive parts manufacturers, the Department of Defense, and weapon manufacturers. The musical composition will address the comp whatsoever?s gross cycle focusing on direct cost of goods sold. The paper will cover the strengths and weaknesses of the internal controls as they pertain to the receipts cycle. The paper will outline how to integrate the cycle into an opening wide accounting schooling system, identify between other(a) types of information systems to arrive at integration, and show how the accounting information flows through Riordan Manufacturing.

Accounting CyclesRiordan Manufacturing is a Fortune 1000 company owned by Riordan with annual revenue in inordinateness of 1 billion dollars. The research conducted for the company is located at the corporate head quarters. Riordans major customers 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 each one having its own Finance and Accounting department.



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 purpose of the Income statement is to make known a companys earnings to investors over two or more(prenominal) 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 amount of taxed paid and the amount of interest income.

Although Riordan increase sales for 2005 the operating expenses (in all categories)...

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