Riordan Manufacturing Accounting Systems free essay sample

Streamlining each accounting system to include the basic accounting modules and incorporating other company systems will help to ensure compliance and identify spending costs and potential capital investments. With the three operating entities (Georgia, Michigan, and California) and the joint venture in the People’s Republic of China, Riordan Manufacturing has a complex accounting setup. All information gathered from the operating entities is compiled at their corporate office in San Jose, California. Similar to that of other companies, Riordan Manufacturing must ensure that there is cohesion between the various entities by instilling basic use of accounting functions and methods. Although the accounting configuration and distribution is transparent to their customers and suppliers, the aggregation process is complex. The recommendations presented by Team A will help to build an integrated approach to their accounting and distribution setup. At a minimum, the basic components of each operating entity accounting system include the following functions: General Ledger, Accounts Payable, Accounts Receivable, and Inventory. We will write a custom essay sample on Riordan Manufacturing Accounting Systems or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The company has published balance sheet information that shows this level of data by comparing fiscal year ending September 30, 2010 vs. September 30, 2011. Assets for the Riordan Manufacturing include the following: information received from General Ledger, Accounts Payable, Accounts Receivable, and Inventories. Fiscal year ending September 2011 yield total assets of $47,409,137 compared to fiscal year 2010 numbers of $34,825,498. That is an increase of $12,583,639 or approximately 26. % in 2011 compared to 2010 assets. In addition to the aforementioned accounting functions, Riordan Manufacturing uses the standard accounting methods of cash and accrual. Both methods are similar, but one of these methods will be used based on timing. In financial reporting, the cash method of accounting is used when accounting records revenue when cash from customers is received, and records expenses when they are paid in cash (Sanker, 2012). Therefore, cash basis does not recognize accounts receivab le or payable. Conversely, accrual method of account include items when they are earned in addition to claiming deductions when expenses are incurred (Sanker, 2012). There are plenty of software programs available to help an organization’s accounting needs. With so many available finding the right software program can be a burden. Evaluating the needs of an organization as well as the size of the organization will help one find the correct software program. When selecting the software program it should be upgradeable for future needs as well as be able to troubleshoot and fix any errors in the program. The cost of the accounting software will also play a huge part in deciding on an accounting program. Riordan Manufacturing has multiple divisions of the company. When it comes to accounting software there are different programs used throughout Riordan Manufacturing. The San Jose plant use a different accounting software program than the Michigan and Georgia plants. This often causes a delay in financial reporting, which has caused Riordan Manufacturing investor’s confidence to decrease. The delay will also impact the outcome of future capital investments. When are there errors in accounting and financial documents this will often lead to errors and spark costly audits (Perry, 2006). The different departments of accounting such as accounts payable, accounts receivable, and order entry need to be maintained by one system and an individual server with mirroring will suffice for the above needs and of course, a proper backup solution will be for safekeeping of this data (Perry, 2006). Microsoft produces a program that can meet the needs of Riordan Manufacturing. Solomon Great Plains program is the recommendation for Riordan Manufacturing. The functions needed by Riordan Manufacturing and pricing makes this the logical choice for accounting software. This program will allow all divisions to report back to the central point, therefore providing instance reports. One must find a compatible program that works well with the system currently in place. Riordan Manufacturing requires certain systems to create an effective and efficient accounting system. Systems such as sales, accounting, financing and human resources need to have access to the accounting system (Apollo Group, Inc. , 2012). Point of sale and cash register systems must continuously, during business hours, be connected to the accounting system. Reason being, sales are tracked and verified instantaneously. Inventory must also be considered within the accounting system to make certain that all inventory levels are monitored and replenish without user input. Monetary needs for inventory replenishing is tracked within the accounting software system. Billable hours must be tracked for cost purposes to make certain the company is working within budgetary and time constraints. The accounting systems directly connected to accounting software must also contain the general ledger accounts, accounts payable, and accounts receivable. Purchase orders for plastics orders must generate bills to customers. Collections must also have access to the companys accounting system because many times bills do not get paid, therefore collection action must be pursued. These requirements must also be as secure as possible, behind a firewall, and virtual local area network (VLAN). Expense accounts must also be tracked within the accounting software to make certain every expense is accounted for. Finally, payroll, which includes salary and wages, payroll taxes, and deductions must be accounted for and budgeted. Integrating different modules provide a well-rounded accounting software package with the ability to keep management informed of the financial status of the company. Riordan’s current system does not include basic accounting departmental functions or modules. The company must devote funds and time to generate accurate Income Statements, Balance Sheets and the General Ledger in a consolidated effort with external auditors. As a result, a coordinated effort should be made to consolidate systems, link associated databases, and purchase appropriate accounting software. Purchase or development of software will reduce data redundancies and increase efficiency and productivity. By undertaking these measures Riordan will be able to ensure compliance, therefore cutting costs, and focus on identifying new sources of revenues and cost savings initiatives. References Apollo Group, Inc. (2012). Riordan manufacturing intranet. Retrieved on November 4, 2012, from https://ecampus. hoenix. edu/secure/aapd/cist/vop/Business/Riordan/index. asp University of Phoenix. (2010). BSA/500 course notes. Retrieved from University of Phoenix, BSA500 Business Systems I website. Perry, Cornell. (2006). Riordan Manufacturing Proposal. Retrieved November 18, 2012 from http://www. scribd. com/doc/48198199/Riordan-Manufacturing-Proposal Sanker, S. (2012). Accounting Methods: Cash vs. Accrual. Small Business Chronicle. Retrieved Novem ber 19, 2012, from http://smallbusiness. chron. com/accounting-methods-cash-vs-accrual-3732. html

Catcher in the Rye Symbols Essays

Catcher in the Rye Symbols Essays Catcher in the Rye Symbols Paper Catcher in the Rye Symbols Paper Essay Topic: The Catcher in the Rye Pencey Prep: Pencey Prep is a boarding school for boys located in Agerstown, Pennsylvania that Holden was attending at the beginning of the novel. It is the fourth school Holden has attended and is later the fourth school he is kicked out of because of his poor marks. Pencey Prep is where the reader is able to get their first glance of Holdens lonesome character, strong opinion of phonies and the fact that he does not apply himself as he fails four out of five classes. At Pencey Prep, the theme of â€Å"alienation as a form of self protection† arises as it becomes clear that Holden can not maintain a close relationship with anybody. Holdens alienation and distance towards others is made clear after he agrees to write an English composition for his roommate, Stradlater. The composition is about a baseball glove that used to belong to his younger brother, Allie who died from leukemia when Holden was only thirteen. After the death Holden never wanted to get close to another person so that he would never have to feel the pain of loosing someone he loved and cared about once again. Lastly, at Pencey Prep, we are introduced to another important character, Jane Gallagher; an old friend of Holden that is going on a date with his â€Å"secret slob [and] Year Book handsome† (27) roommate, Stradlater. Before leaving Pencey Prep Holden is too afraid to go say hi to Jane in the lobby, in case she was not the innocent, perfect girl he grew to love in the past. Allie and his Glove: Allie Caulfield is Holdens younger brother who died of leukemia while their family was in Maine on July 18, 1946. Holden was only thirteen at the time of the death and has idealized Allie ever since, describing him as the the most intellectual, admirable and humorous person you could have ever met. From Allies death, the reader is able to witness first hand Holdens â€Å"madman† characteristics. The night after the death Holden spent the night in their garage where he decided to smash all the windows, breaking his hand and earning him a night in the hospital. Claiming that he did it â€Å"just for the hell of it,† (39) although it is easy to see that he did it in a pit of rage over Allies death. Holden was extremely close with Allie as he represented perfectly the pure, uncorrupted innocence of a child that Holden longed for himself. To Holden, it is unfathomable why such an innocent child such as Allie had to suffer and die and that is most likely the root of Holdens problems and negativity towards phonies, growing up and losing innocence. Holdens behavior and social skills underwent a detrimental change following the death as he was no longer capable of maintaining a close relationship with anybody in fear of suffering through another loss. Allie represents the purity that Holden looks for in the world. Ducks in the Central Park Lagoon: Throughout the novel Holden continuously contemplates where the ducks from the Central Park lagoon go in the winter. They are a reoccurring thought for Holden and a major ambiguous symbol to the novel. Holden initially thinks about the ducks, wondering where they go when the lagoon freezes over in the winter while talking to Mr. Spencer after being kicked out of Pencey. At this moment the ducks become an immediate symbol of Holdens anxiety and uncertainty regarding his next move after being kicked from Pencey. Much like the ducks who are repeatedly kicked from their home at the lagoon, Holden was kicked from Pencey Prep and had no plan and no where to go. Not having a clear answer to his question, Holden continues to wonder what happens to the ducks in the winter time. Holden later asks cab driver what he thought happened to the ducks, but the cab driver disregards the question and explains that the fish have it harder as they freeze in the ice and â€Å"get frozen right in one position for the whole winter,† (82) and as for food, their nature is to soak up nutrients from seaweed in their pores, therefore nature takes care of them during the winter. In this case the ducks are symbolic as they represent Holden as he is being forced to move; however, Holden would much rather be like the fish who get to stay where they are and have everything provided for them like children. This mirrors the common theme of the novel and Holdens attitude towards growing up and wanting to stay an innocent child. Finally, Holden thinks about the ducks for the last time when he is drunk and decides to go look for the ducks at the lagoon. At this point, Holden is in his worst state; he is depressed, anxious and even contemplating suicide. Seeing that they are truly not at the lagoon Holden realizes that he must migrate away from his childhood and fly into adulthood. Over all Holden wants to know where the ducks go because he wants to know where to go when times are tough and things do not belong. Phoebe: Phoebe Caulfield is Holdens â€Å"roller-skate skinny† (67), red headed little sister. To Holden, Phoebe is more like a saint then a sister; describing her as the most beautiful, angelic, intelligent, mature and affectionate little girl you could ever meet. Holden also explains that she is very funny and has a good sense of humor, is a great dancer, listens and always knows what you are talking about. Despite the fact that Holden admits to being â€Å"THE MOST terrific liar you ever saw in your life,† (16) there is no doubt that he is telling the truth about Phoebe as she is everything Holden said she would be. Phoebe is one of the few characters to truly understands Holden for who he is and the struggles he faces on a daily basis. She unconditionally loves Holden and would do anything to help Holden such as giving him her Christmas money. In the end Phoebe is exactly the kind of person Holden has been â€Å"people hunting† for. He wanted to find someone to love and to love him back and was blindsided by the inevitability of growing up to see that what he was hunting for was right under his nose the whole time. sparknotes. com/lit/catcher/characters. html shmoop. com/catcher-in-the-rye/symbolism-imagery. html