Question

In: Accounting

List five functional areas and their sub-functions. Briefly explain?

Expert Solution

a. Materials Management

1. purchasing

2. receiving

3. stores

b. Production

1. production planning

2. quality control

3. maintenance

c. Marketing

1. advertising

2. market research

3. sales order processing

d. Distribution

1. warehousing

2. shipping

e. Personnel

1. recruiting

2. training

3. benefits

4. counseling

f. Finance

1. portfolio management

2. treasury

3. credit

4. cash disbursement

5. cash receipt

g. Accounting

1. inventory control

2. cost accounting

3. payroll

4. accounts payable

5. accounts receivable

6. billing

7. fixed-asset accounting

8. general ledger

h. Computer Service

1. data processing

2. systems development and maintenance

3. database administration

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List five functional areas and their sub-functions. Briefly explain?

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