13 The Expenditure Cycle Purchasing to Cash Disbursements（课件）- 《会计信息系统英文版》同步教学（人民大学版）

Chapter 13 The Expenditure Cycle: Purchasing to Cash Disbursements 13-1 Learning Objectives Explain the basic business activities and related information processing operations performed in the expenditure cycle. Discuss the key decisions to be made in the expenditure cycle, and identify the information needed to make those decisions. Identify major threats in the expenditure cycle, and evaluate the adequacy of various control procedures for dealing with those threats. 13-2 The Expenditure Cycle 13-3 The Expenditure Cycle Activities and information processing related to: Purchasing and payment of Goods and services Primary objective: Minimize the total cost of acquiring and maintaining inventories, supplies, and the various services the organization needs to function 13-4 Expenditure Cycle Activities Ordering materials, supplies, and services Receiving materials, supplies, and services Approving supplier invoices Cash disbursements 13-5 Expenditure Cycle General Threats Inaccurate or invalid master data Unauthorized disclosure of sensitive information Loss or destruction of data Poor performance 13-6 Expenditure Cycle General Controls Data processing integrity controls Restriction of access to master data Review of all changes to master data 13-7 Ordering Threats Inaccurate inventory records Purchasing items not needed Purchasing at inflated prices Purchasing goods of inferior quality Unreliable suppliers Purchasing from unauthorized suppliers Kickbacks 13-8 Ordering Controls Perpetual inventory system Bar coding or RFID tags Periodic physical counts of inventory Perpetual inventory system Review and approval of purchase requisitions Centralized purchasing function Price lists Competitive bidding Review of purchase orders Budgets Purchasing only from approved suppliers 13-9 Ordering Controls (cont’d) Review and approval of purchases from new suppliers Holding purchasing managers responsible for rework and scrap costs Tracking and monitoring product quality by suppl