from an approved Lease, Rental, Master, or Purchase contract
from a Purchase Requisitions Create PO action, create the approved Purchase Order
from a Purchase Requisition, a Request for Quotation, a Master Contract, or a reorder process
from a Purchase Requisition, a Request for Quotation, a Purchase Contract, or a reorder process
第1题:
Cherry Blossom Co (Cherry) manufactures custom made furniture and its year end is 30 April. The company purchases its raw materials from a wide range of suppliers. Below is a description of Cherry’s purchasing system.
When production supervisors require raw materials, they complete a requisition form. and this is submitted to the purchase ordering department. Requisition forms do not require authorisation and no reference is made to the current inventory levels of the materials being requested. Staff in the purchase ordering department use the requisitions to raise sequentially numbered purchase orders based on the approved suppliers list, which was last updated 24 months ago. The purchasing director authorises the orders prior to these being sent to the suppliers.
When the goods are received, the warehouse department verifies the quantity to the suppliers despatch note and checks that the quality of the goods received are satisfactory. They complete a sequentially numbered goods received note (GRN) and send a copy of the GRN to the finance department.
Purchase invoices are sent directly to the purchase ledger clerk, who stores them in a manual file until the end of each week. He then inputs them into the purchase ledger using batch controls and gives each invoice a unique number based on the supplier code. The invoices are reviewed and authorised for payment by the finance director, but the actual payment is only made 60 days after the invoice is input into the system.
Required:
In respect of the purchasing system of Cherry Blossom Co:
(i) Identify and explain FIVE deficiencies; and
(ii) Recommend a control to address each of these deficiencies.
Note: The total marks will be split equally between each part.
Cherry Blossom Co’s (Cherry) purchasing system deficiencies and controls
第2题:
第3题:
Term loans can be used to fund ______.
A.the purchase of inventory
B.the purchase of equipment covering a period over one year
C.the purchase of building materials
D.securities dealers to purchase new securities
第4题:
Which statement is true about item records and inventory management? ()
第5题:
Other than through the Purchase Orders application, how can Purchase Orders be created in IBM Maximo Asset Management V6.2?()
第6题:
第7题:
第8题:
A. Partitions of PURCHASE_ORDER_ITEMS have system-generated names.
B. Both PURCHASE_ORDERS and PURCHASE_ORDER_ITEMS tables are created with four partitions each.
C. Partitions of the PURCHASE_ORDER_ITEMS table exist in the same tablespaces as the partitions of the PURCHASE_ORDERS table.
D. The PURCHASE_ORDER_ITEMS table inherits the partitioning key from the parent table by automatically duplicating the key columns.
E. Partition maintenance operations performed on the PURCHASE_ORDER_ITEMS table are automatically reflected in the PURCHASE_ORDERS table.
第9题:
Where are the receipt of Services and Materials processed in IBM Maximo Asset Management V6.2 (IMAM)? ()
第10题:
With which level in IBM Maximo Asset Management V6.2 are Purchase Contracts associated? ()