ITM 410 Chapter Notes - Chapter 13: Accounts Payable, General Ledger, Purchase Order

• School: Ryerson University
• Department: Information Technology Management
• Course: ITM 410
• Professor: Selcuk Savas

Document Summary

Chapter 13 the account payable/cash disbursements (ap/cd) process. Payable/cash disbursements (ap/cd) process: is an interacting structure of people, equipment, activities, and controls designed to create information flows and records. Handle the repetitive work routines of the account payable department and the cashier. Support the decision needs of those who manage the accounts payable department and cashier. Assist in the preparation of internal and external reports. It looks at a representative organization chart that combines the purchasing process and the ap/cd process and it also looks the interactions of these process and the players involved. Vp finance is controlling both the treasurer and controller. Vp logistics is controlling by warehouse manager and purchasing manager. Purchase events data store: records the details on the general ledger accounts to be updated, including accounts payable, freight, and sales tax. Account payable master data: reflects the open invoices, payment due to the vendor.