Chapter 5: Sales and Collections Business process

studied byStudied by 0 people
0.0(0)
Get a hint
Hint

access controls

1 / 21

flashcard set

Earn XP

Description and Tags

Accounting

22 Terms

1

access controls

Limit who can use and change records in the system; for example, passwords control who can use an application.

New cards
2

accounts receivable

Monies owed by customers for prior sales of goods or services. In a data modeling context, accounts receivable are calculated as each customer’s sales less corresponding cash receipts.

New cards
3

agents

The people or organizations, such as customers or salespeople, who participate in business events.

New cards
4

application controls

Specific to a subsystem or an application to ensure the validity, completeness, and accuracy of the transaction.

New cards
5

cash

The organization’s monies in bank or related accounts. The instances of the class are individual accounts. This is considered a resource.

New cards
6

cash receipts

Record receipts of cash from external agents (e.g., customers) and the corresponding deposit of those receipts into cash accounts. This is considered an event.

New cards
7

choreography

The science of examining raw data (now often Big Data), removing excess noise from the dataset, and organizing the data with the purpose of drawing conclusions for decision making.

New cards
8

collaboration

A BPMN model showing two participant pools and the interactions between them within a process.

New cards
9

customer

The external agent in the sales and collection process.

New cards
10

error event

An intermediate event in a BPMN model showing processing for exceptions to the normal process flow.

New cards
11

events

(UML) Classes that model the organization’s transactions, usually affecting the organization’s resources, such as sales and cash receipts; (BPMN) important occurrences that affect the flow of activities in a business process, including start, intermediate, and end events.

New cards
12

one-to-many relationship

Exists when instances of one class are related to multiple instances of another class. For example, a customer can participate in many sales, but each sale involves only one customer.

New cards
13

orchestration

In BPMN, the sequence of activities within one pool.

New cards
14

product

Class representing the organization’s goods held for sale—that is, the organization’s inventory. This is considered a resource.

New cards
15

New cards
16

quote

Description of the products and/or services to be provided to a customer if ordered.

New cards
17

REA

Resource-event-agent framework for modeling business processes, originally developed by William McCarthy.

New cards
18

resources

Those things that have economic value to a firm, such as cash and products.

New cards
19

sales

Events documenting the transfer of goods or services to customers and the corresponding recognition of revenue for the organization.

New cards
20

sales order

Event documenting commitments by customers to purchase products. The sales order event precedes the economic event (sale).

New cards
21

subprocess

Represent a series of process steps that are hidden from view in BPMN. The use of subprocesses in modeling helps reduce complexity.

New cards
22

type image

Class that represents management information (such as categorizations, policies, and guidelines) to help manage a business process. Type image often allows process information to be summarized by category.

New cards

Explore top notes

note Note
studied byStudied by 18 people
Updated ... ago
5.0 Stars(1)
note Note
studied byStudied by 18 people
Updated ... ago
5.0 Stars(1)
note Note
studied byStudied by 37 people
Updated ... ago
5.0 Stars(1)
note Note
studied byStudied by 21 people
Updated ... ago
5.0 Stars(1)
note Note
studied byStudied by 4 people
Updated ... ago
5.0 Stars(1)
note Note
studied byStudied by 3 people
Updated ... ago
5.0 Stars(1)
note Note
studied byStudied by 10 people
Updated ... ago
5.0 Stars(1)
note Note
studied byStudied by 21 people
Updated ... ago
5.0 Stars(1)

Explore top flashcards

flashcards Flashcard162 terms
studied byStudied by 1 person
Updated ... ago
5.0 Stars(1)
flashcards Flashcard41 terms
studied byStudied by 2 people
Updated ... ago
5.0 Stars(1)
flashcards Flashcard82 terms
studied byStudied by 46 people
Updated ... ago
5.0 Stars(2)
flashcards Flashcard267 terms
studied byStudied by 14 people
Updated ... ago
5.0 Stars(1)
flashcards Flashcard20 terms
studied byStudied by 7 people
Updated ... ago
5.0 Stars(1)
flashcards Flashcard23 terms
studied byStudied by 280 people
Updated ... ago
5.0 Stars(3)
flashcards Flashcard20 terms
studied byStudied by 25 people
Updated ... ago
5.0 Stars(1)
flashcards Flashcard24 terms
studied byStudied by 15 people
Updated ... ago
5.0 Stars(1)