THE ACCOUNTING INFORMATION SYSTEMS OF CONVERSION CYCLE (RAW MATERIALS, LABOR AND OVERHEAD) SPECIAL IN THE PHARMACEUTICAL INDUSTRY

Abstract

In this article, we're going to talk about conversion cycles. The definition of the conversion cycle is the conversion cycle that originates from various input resources, for example raw materials, labor, and overhead, into finished products or services for sale. The clearest example of the conversion cycle is seen in manufacturing companies.Within the company, the conversion cycle is an important part to suppor the company's progress in increasing competitive advantage. Conceptually, the conversion cycle must exist in all organizations, both organizations belonging to the service industry or the retail industry. However, the most obvious is in the manufacturing industry.