Shared Flashcard Set

Details

Systems
Lecture 10 logical relational database models for revenue and expenditure
12
Accounting
Undergraduate 4
12/11/2007

Additional Accounting Flashcards

 


 

Cards

Term
Instigation events
Definition
  • May be internally instigated (such as sales calls)
  • May be externally instigated (customer inquiries)
  • Internal agents involved in revenue cycle instigation events usually are sales/marketing personnel or customer serves reps
  • External agents involved in revenue cycle instigation events usually are customers
Term
Mutual commitment events
Definition
  • Involve the enterprise and an external business partner agreeing to exchange resources at a defined future time
  • Dont always happen at a discrete point in time; often involves a series of activities
  • Internal agents are usually sales or customer reps
  • external agents are customers
  • Ideally enterprises would like to be able to trace mutual committment events to the instigation events that triggered them
Term
Economic decrement events in the revenue cycle
Definition
  • Represent the revenue generating activities, the giving up of one or more resources in order to get some other resource (cash)
  • Internal agents are sales people, warehouse clerks, delivery clerks, and service engagement personnel
  • External agents are typically customers and/or shipping companies
Term
Economic increment events
Definition
  • Almost always a cash receipt event
  • Usually symbolized by a remitttance advice document
  • resource is typically cash
  • internal agents are usually cashiers, A/R clerks
  • External agents are customers
Term
Fulfillment relationships
Definition
- Between marketing, sales call, or customer inquiry and sales order events (instigation)
- Between sale order and sale events (committment) 
Term
Duality relationships (the causal link between economic increment and economic decrement events)
Definition
- Between sale and cash receipt events
Term
Proposition relationships
Definition
Between marketing, sales call, or customer inquiry event and Inventory
Term
Reservation relationships
Definition
Between sale order, rental contract, or service contract and inventory
 
- also between sale order, rental contract, or service contract and cash 
Term
Stock flow relationships
Definition
Between sale and inventory
 
Between cash and cash receipt 
Term
Participation relationships
Definition
Between each event and each internal and external agent
Term
Look at ER- diagrams in lecture 10
Definition
Supporting users have an ad free experience!