TODAYS STUDENT ASSIGNMENT
A LTD , Company is a manufacturing company that uses forms and documents in its accounting information systems for record keeping and internal control.
The departments in A LTD 's organization structure and their primary responsibilities are: SELECT APPROPRIATE FUNCTION FOR EACH DEPARTMENT .
DEPARTMENT FUNCTION(Primary responsibilities)
1)Accounts Payable -- ?
2)Accounts Receivable – ?
3)Billing -- ?
4)Cashier -- ?
5)Credit Department -- ?
6)Cost Accounting -- ?
7)Finished Goods Storeroom – ?
8)General Accounting -- ?
9)Internal Audit -- ?
10)Inventory Control – ?
11)Mailroom -- ?
12)Payroll -- ?
13)Personnel -- ?
14)Purchasing -- ?
15)Production -- ?
16)Production Planning -- ?
17)Receiving -- ?
18)Sales -- ?
19)Shipping -- ?
20)Stores Control -- ?
21)Timekeeping -- ?
SELECT SUITABLE FUNCTION FROM THIS DATA :
A) place orders for materials and supplies.
B) manufacture finished goods.
C)decide the types and quantities of products to be produced.
D) receive all materials and supplies.
E) accept orders from customers.
F) ship goods to customers.
G)safeguard all materials and supplies until needed for production.
H) prepare and control time worked by hourly employees
I) authorize payments and prepare vouchers.
J) maintain customer accounts.
K) prepare invoices to customers for goods sold.
L) maintain a record of cash receipts and disbursements.
M) verify the credit rating of customers.
N) accumulate manufacturing costs for all goods produced.
O) maintain the physical inventory and related stock records of finished goods
P)maintain all records for the company's general ledger.
Q) appraise and monitor internal controls, as well as conduct operational and management audits.
R) maintain perpetual inventory records for all manufacturing materials and supplies.
S) process incoming, outgoing, and interdepartmental mail.
T) compute and prepare the company payroll.
U) hire employees, as well as maintain records on job positions and employees.
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*Answers*
A LTD Company is a manufacturing company that uses forms and documents in its accounting information systems for record keeping and internal control. The departments in A LTD 's organization structure and their primary responsibilities are:
1.Accounts Payable -- authorize payments and prepare vouchers.
2.Accounts Receivable -- maintain customer accounts.
3.Billing -- prepare invoices to customers for goods sold.
4.Cashier -- maintain a record of cash receipts and disbursements.
5.Credit Department -- verify the credit rating of customers.
6.Cost Accounting -- accumulate manufacturing costs for all goods produced.
7.Finished Goods Storeroom -- maintain the physical inventory and related stock records of finished goods.
8.General Accounting -- maintain all records for the company's general ledger.
9.Internal Audit -- appraise and monitor internal controls, as well as conduct operational and management audits.
10.Inventory Control -- maintain perpetual inventory records for all manufacturing materials and supplies.
11.Mailroom -- process incoming, outgoing, and interdepartmental mail.
12.Payroll -- compute and prepare the company payroll.
13.Personnel -- hire employees, as well as maintain records on job positions and employees.
14.Purchasing -- place orders for materials and supplies.
15.Production -- manufacture finished goods.
16.Production Planning -- decide the types and quantities of products to be produced.
17.Receiving -- receive all materials and supplies.
18.Sales -- accept orders from customers.
19.Shipping -- ship goods to customers.
20.Stores Control -- safeguard all materials and supplies until needed for production.
21Timekeeping -- prepare and control time worked by hourly employees
