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Accounting Information Systemsand Business Processes: Part IIChapter 8

IntroductionSection I:Resource Management ProcessProduction ProcessFinance Process

Section II: Business Processes in Special Industries

Section III:Business Processing Reengineering

Resource Management Processis the efficient and effective deployment of an organizations resources when they are needed.

Classified into two:Human Resource ManagementFixed Asset Management

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Human Resource Managementis a function in organizations designed to maximize employee performance in service of their employers strategic objectives. It is primarily concerned with how people are managed within organizations, focusing on policies and systems.

Classified into two functions:PersonnelPayroll

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Personnel

The primary objective of the personnel function is to hire, train, and employ appropriately qualified people to do an organizations work.

System flowchart

Payroll

The primary objective of payroll function is to pay employees for their work.

It also maintain employee earnings records (a payroll history), comply with various government tax and reporting requirements, report on various deduction categories (e.g., pension funds and group insurance), and interact with other personnel functions

System flowchart

Outputsemployee listingscheck registerspay checksdeduction reportstax reportspayroll summaries

Fixed Asset Managementis anaccountingprocess that seeks to trackfixed assetsfor the purposes offinancial accounting,preventive maintenance, andtheftdeterrence.

Tracking the following assets:Plant and equipmentBuildingsFixtures and fittingsLong term investmentMachineryVehicles and heavy equipment

racking assets is an important concern of every company, regardless of size. Fixed assets are defined as any 'permanent' object that a business uses internally including but not limited to computers, tools, software, or office equipment. While employees may use a specific tool or tools, the asset ultimately belongs to the company and must be returned. And therefore without an accurate method of keeping track of these assets it would be very easy for a company to lose control of them.12

System flowchart