Accounting/Tax Question

Topic 1: 200-250 word with references

Based upon the material covered from the readings and/or videos from Week 3, highlight the three most important concepts you learned this week and how each of these concepts will help you in appreciating the power of AIS. Be sure to include examples in your postings.  NOTE: You should first identify the concepts that you learned and then describe how they increased your appreciation and understanding of AIS.

Materials:

Attached PDF and Material below

http://www.opentextbooks.org.hk/ditabook/25212

· Chapter 11: The Order-to-Cash Part I

· Section 11. 2 – Introduction

· Section 11. 3 – Process Definition and Functions

· Section 11. 4 – Organizational Setting

· Section 11. 5 – Managing the M/S Process: Satisfying Customer Needs

· Section 11. 6 – Logical Description of the M/S Process

· Section 11. 7 – Physical Description of the M/S Process

· Chapter 12: The Order-to-Cash Part II

· Section 12. 2 – Introduction

· Section 12. 3 – Organizational Setting

· Section 12. 4 – Managing the RC Process: Leveraging Cash Resources

· Section 12. 5 – Logical Process Description

· Section 12. 6 – Physical Process Description of the Billing Function

· Section 12. 8 – Physical Process Description of the Cash Receipts Function

· Chapter 13: The Purchase-to-Pay Process

· Section 13. 2 – Introduction

· Section 13. 3 – Process Definition and Functions

· Section 13. 4 – Organizational Setting

· Section 13. 5 – Logical Process Description

· Section 13.6 – Technology Trends and Developments

· Section 13.7 – Physical Process Description

· Chapter 15: Business Reporting Process