Production and Conversion Cycle

Start with a production map

Production and Conversion Cycle is a section of Accounting Information Systems in Accounting and auditing. The resources on this page approach it through production activities, risks, controls and terminology. They were made by GoConqr users and include mind maps and flashcard decks.

Start with the map titled Production. It covers objectives such as controlling costs during manufacture and accounting for items produced and transferred to a warehouse. It also includes raw materials requisitions and risks such as theft and unauthorized requisitions. Use those headings to organize your first look at the page.

Connect activities and terms

Next, explore the map on production cycle activities. It brings together product design, planning and scheduling, production operations, and cost accounting. Another map includes a bill of material and an operations list. Together, the maps offer different ways to follow the production cycle from activities to the details used to describe a finished product.

Then turn to Chapter 9 Key Words Accounting Information Systems. This flashcard deck includes agents, events, finished goods inventory, labor operations events and raw materials issue events. As you study a term, return to a map and consider where it fits among the activities shown. Other decks cover similar key terms, so you can choose the wording that helps you practice.

Check risks and practice recall

The flashcards on production cycle threats and controls cover issues including inaccurate or invalid master data, unauthorized disclosure of sensitive information, and loss or destruction of data. They also mention poor product design resulting in excess cost. Compare these issues with the risks in the Production map.

There are no quizzes listed on this page. Instead, use the flashcards to test your recall, then return to a mind map when you want to see an activity or risk in context. This keeps your practice within the Production and Conversion Cycle section of Accounting Information Systems. Choose a deck and see which terms you can explain from memory.