Question

PLEASE HELP ASAP!! also asks what the arrows and what the boxes represent ..... this is a value chain for accounting info systems

What do each of the circles in this diagram represent? $$ Cash $$ Cash payout payment Image 4 $$ raw materials payment purchase logistical operation shipment labor payment Tabor $$ labor acquire delivered raw manufactured materials goods $$ labor facilities, services & technology material issue manufacture job delivered manufactured goods manufacture operation odds payment service sale payment acquire labor $$ Sales emp operation advertise campaign product services

Answer 1

The circles represent the process or the function

The arrows represent the flow of transactions from one process/function to another process/function

The boxes represent the sub-process or sub-function within the main process or main function

Explained with examples below:

The circles represent the process/function systems. For example following are process or function

· Payment process- Cash payout and cash payment

· Purchase process - Payment and purchase

· Inward Logistics process- Logistics operation and shipment

The arrows represent the follow of the transactions from process to another process. $ Sign indicates the outflow of cash. The arrows without dollars indicate how things flow from one process to another process

For example: (the lines with $ sign)

· Cash payout for purchase of material

· Cash payment for shipments arrived inward

For example: (the lines without $ sign)

· Raw material purchased arrives with inward logistics operation

· Labours are used in inward logistics operation for material handling

· The material delivered is issued to production

The box represents the subsystem in each process.