Virtual Organization Memo (Riordan Manufacturing)

Riordan Manufacturings finance and news report department has been unable to achieve anything remotely resembling seamless compatibility as far as their operational organisations atomic number 18 concerned. Some Riordan finance and accounting tuition is provided to corporate via info files. Some information is provided via hardcopy reports and must be re-entered. Other data is provided via data files but must be converted (redirected) to the priggish account codes. Subsequently, Riordan has experienced some topographic points regarding finance and accounting system outputs at the fused level. The unite close of the General leger and subsequently the Income Statement and residue Sheet is diligence intensifier and norm each(prenominal)y not terminate until 15-20 days after calendar month end. An audit (to embarrass external auditors) is need each month and is costly and labor intensive. Compliance with new government required reporting requirements at the conso lidated level is difficult at best. Riordan Enterprises finds the situation unaccepted and has mandated a solution or alternative be recommended, which is where I can be of assistance. While this situation is transpargonnt to customers and suppliers, it still has to be resolved. Riordan Manufacturing reliablely has an after evaluate net profit of $1,990,495. Their keep down operate expenses totaled $5,318,115. Their sales totaled $46,044,288.

Riordan Manufacturing has three operating entities, Georgia, Michigan, and California, plus a mutual venture in the Peoples land of China. Basically, the operating entities each bugger off their own finance and accounting systems and th ey provide input that is consolidated at in! carnate in San Jose. During the due diligence turn in which Riordan acquired the operating entities in Michigan and Georgia the study of financial and accounting systems compatibility was not addressed. A project could be created to address all of the issues that the company is facing. The primary goals of the project are to document the current environment, forecast business... If you want to get a full essay, collection it on our website: OrderEssay.net

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