ACCT10003 Lecture Notes - Lecture 6: Product Design
17 May 2018
School
Department
Course
Professor
Conversion Business Process
Business Perspective
•Manufacturing process - ongoing and special order
•Purchase of raw materials for production
•Organisation and usage of inventory in process
•Finished goods timing and availability
•Allocation of resources and therefore costs (‘purchase of resources’ from the organisation)
Underlying economic events
-External supplies: raw materials, finished goods, machinery
-In-house supplies: labour, utilities, intellectual property, quality control, tools/machinery
How Conversion Happens
Example:
1
