Accounts Payable Computer Application

This research analyzes the accounts payable computer application in a manufacturing business. Presentation of the research findings is in two parts. In the first part, the major uses and concepts of the application are described, while in the second part, inputs and outputs for the application are illustrated, and one management report is described.

The major uses of the accounts payable computer application are described in the initial discussion. This discussion is followed by the identification and description of the concepts of the application.

The introduction of hightech into the manfacturing process creates changes which render many traditional accounting procedures either or both ineffective and irrelevant. In the recent past, the emphasis in manufacturing management was on materials inventories, ordering and production lead times, labor and material efficiency, workinprogress (WIP) levels, finished goods inventories, and so forth. The emerging emphasis in American manufacturing is on justintime (JIT) techniques. JIT production techniques emphasize the elimination of waste, which is defined as "any activity performed within a manufacturing company which does not add value to the product" (Maskell, 1986b, p. 32). Within the parameters of this definition of waste are inventories, materials handling, quality problems, queues, shop floor delays, lead times,

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and transferred. These inputs are as follows: a. Keyed. Keyed inputs for the accounts payable computer application in a manufacturing firm are (1) billings from trade credit accounts, (2) invoices from trade credit accounts, and (3) invoice adjustmentscredits, extra charges, and so forthfrom trade credit accounts. b. Transferred. Transferred inputs for the accounts payable computer application in a manufacturing firm are as follows: (1) Goods received invoice data are transferred to accounts payable as inputs from the materials management unit of the organization. (2) Goods rejected or goods returned data are transferred to accounts payable as inputs from the materials management unit of the organization. (3) Accounts payment data are transferred to accounts payable as inputs from the cash disbursements unit of the organization. 2. Outputs. Outputs are considered in the contexts of action documents, summary files, management reports, and major processing functions of the accounts payable computer application. These outputs are as follows: a. Action documents. The accounts payable computer application issues two types of action documents. These action do

Category: Business - A