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Accounting Cycle Description
Team A
Deborah Holmes, Tami Jackson, Nicole Savana, Maria Despenza
ACC 340
August 7, 2014
Paul Andoh

Accounting Cycle Description

MARIA: Identify the five accounting cycles and explain how this organization uses the accounting cycle you have selected.

DEBORAH: Comment on the strengths and weaknesses of the internal controls related to this cycle.

TAMI: Explain how you would integrate this part of the accounting cycle into an enterprise-wide accounting information system.

NICOLE: Differentiate between the various types of information systems necessary to achieve this integration. When achieving integration Riordan Manufacturing must first consider how well the financial and accounting systems are functioning within their company. Riordan Manufacturing has three operating location, and each have their own finance and accounting system, which could be a reason they are having such a hard time maintaining the data received. The company’s headquarters in San Jose, California is currently licensed by the Enterprise Resource Planning (ERP) system which is fully integrated and windows based. The plant in Michigan is still operating on an older system purchased some time ago, and the plant seems to be the only one extremely behind on software updates. Georgia has a system that runs off of windows, yet it is also an older model software system. According to the company’s intranet site, it is finding it difficult to complete the general ledger, income statement and balance sheet in a timely manner. They are also experiences difficulties with the internal audits, and new government required reporting requirements. With that being said, the first thing Riordan Manufacturing must do is take all of the data output that come from the different facilities an update the software. Allowing it to be compatible and integrate with

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