...1 ITS1622 Enterprise Resource Planning (Sample Test 1) Sample Test 1 (Time: 1.5 hours) ITS1622 Enterprise Resource Planning Topics covered: 1. Business Functions and Processes 2. The Development of Enterprise Resource Planning Systems 3. The Implementation of Enterprise Resource Planning System 4. Implementation Challenge Q1. Within an ERP system package, name SIX functions that will be covered in Sales and Marketing Module. (6 marks) - Pre-sales - Sales order processing - Inventory sourcing - Delivery - Handle Billing - Payment Q2. Describe how each of the SIX functions in an ERP system package contribute to overall productivity of an organization. (12 marks) Pre-sales o Tracks customer contacts: provides the customer with a price quote Sales order processing • Uses the price quote to record items to be purchased; determines the sales price: record order quantities: configures quantity discounts: checks customer credit Inventory sourcing • Checks the inventory database to see if items can be delivered on time: updates the production planning database to avoid any shortfalls Delivery • Releases documents to the warehouse: item are picked; orders are packed and shipped Bill • Uses sales order data to create an invoice: updates accounting records: increases (debits) accounts receivable Payment • Accepts payment: decreases the customer’s accounts receivable balance with the amount of payment Q3. Give TWO typical problems that are common with manual sales order entry process...
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...Lecture 5 Audit of the Sales and Collection Cycle Summary of the Audit Process Phase 1 Plan and design an audit approach 1. Accept client and perform initial planning 2. Understand client’s business and industry 3. Assess client business risk 4. Perform preliminary analytical procedures 5. Set materiality & assess acceptable audit risk and inherent risk 6. Understand internal control and assess control risk 7. Gather information to assess fraud risk 8. Develop overall audit plan and audit program Phase 2 Perform tests of controls & substantive tests of transactions Plan to reduce assessed level of control risk? No Yes Phase 3 Perform analytical procedures and tests of details of balances 1. Perform analytical procedures 2. Perform tests 3. Perform additional tests of details of balances Phase 4 Complete the audit & issue an audit report 1. Perform tests for presentation & disclosure 2. Accumulate final evidence 3. Evaluate results 4. Issue Audit Report 5. Communicate with audit committee & management 1. Perform test of controls 2. Perform substantive tests of transactions 3. Assess likelihood of misstatements in financial statements Accounts in the Sales and Collection Cycle 14-3 Sales and Sales returns Transaction 4 Accounts Sales Accounts receivable Business Functions Processing customer orders Granting credit Shipping goods Billing customers and recording sales Documents & Records Customer order Sales order Customer or sales order Shipping...
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... | | |1. Describe the production cycle, including typical source |1, 2, 3, 4, 5 |41 | |documents and controls. | | | | | | | |2. Give examples of tests of controls for auditing the controls |6, 7, 8, 9 |42, 43 | |over conversion of materials and labor in a production process. | | | | | | | |3. Identify and describe considerations involved in the observation|10, 11, 12, 13, 14, 15, 16, 17 |44, 45, 46, 47, 48, 49, 50, 51,| |of physical inventory and tests of inventory pricing and | |52, 56 | |compilation. | | | | |...
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...http://www.labcompliance.com/tutorial/methods/default.aspx?sm=d_d TutorialHome | Contact Us | Newsletter | Usersclub | Books | Audio Seminars Seminars Audio Seminars Video Seminars Workshops Literature Books SOPs Validation Examples Free Literature Glossary Usersclub Intro Log-in Register Preview Renewal Tutorials Risk Management Practices Computer Validation Part11 Method Validation ISO 17025 Lab Equipment Qualification Good Laboratory Practices About About Labcompliance Contact Labcompliance Scope Tax/Bank Information All come with 10+ Best Practice Documents: SOPs, Checklists, Examples Transfer of Analytical Procedures According to the New USP Chapter <1224> With SOPs, templates and examples for easy implementation March 21, 2013 Quality by Design (QbD) for Analytical Method Development and Validation Learn how to design robustness for easy transfer and to avoid OOS situations Recorded, available at any time Validation of Analytical Methods for GLP and Clinical Studies Learn how to design, prepare, conduct and document for FDA compliance Recorded, available at any time Eight Steps for Cost-effective Laboratory Compliance Up-to-date overview, hot topics and trends. Recorded, available at any time Verification of Compendial Methods according to the New USP Chapter <1226> Understand the new risk based approach and and get real world case studies for testing Recorded, available...
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...Auditing 402 March 5, 2013 Week 9- Week 11 Homework Assignments 15-26 A. Effective audit procedure for testing whether shipments have been billed is a sample of warehouse removal slip should be selected. It should be examined to see whether it has the proper sales invoice attach or not. So the sampling unit for the audit procedure will be warehouse removal slip. B. Using attribute sampling method if the auditor is willing to accept the TER of 4% and at ARACR of 5% without exception in the sample size would be 75 as determined from table 8.9 C. Design of random selection plan from population: Population size of ware house removal slips = 34,687-11,741 =22,946 Sample size determined in b = 75 Interval = Population sized Sample sized determined = 22,946 75 =305 Sample will be 11878, 12183, 12488, 12793, and 13908 23-24 1. Evaluate the details of the cash recipts journal entries with the details of the daily deposit slips. Lapping indicated a cover up of cash deficiency. 2. Arrange a bank transfer schedule. This way the auditor is able to verify the transactions. 3. Compare the details of the cash receipts journal entries with the details of the corresponding daily deposit slips. 4. Count the balance in petty cash at the year end and also examine invoices, receipts, and other supporting documents related with reimbursement of petty cash. 5. Prepare a bank transfer schedule. 6. Agree gross amount on payroll checks to...
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...CFR - Code of Federal Regulations Title 21 PART 211 | CURRENT GOOD MANUFACTURING PRACTICE FOR FINISHED PHARMACEUTICALS | Subpart B--Organization and Personnel | Sec. 211.22 Responsibilities of quality control unit. | (a) There shall be a quality control unit that shall have the responsibility and authority to approve or reject all components, drug product containers, closures, in-process materials, packaging material, labeling, and drug products, and the authority to review production records to assure that no errors have occurred or, if errors have occurred, that they have been fully investigated. The quality control unit shall be responsible for approving or rejecting drug products manufactured, processed, packed, or held under contract by another company.(b) Adequate laboratory facilities for the testing and approval (or rejection) of components, drug product containers, closures, packaging materials, in-process materials, and drug products shall be available to the quality control unit.(c) The quality control unit shall have the responsibility for approving or rejecting all procedures or specifications impacting on the identity, strength, quality, and purity of the drug product.(d) The responsibilities and procedures applicable to the quality control unit shall be in writing; such written procedures shall be followed. | | Sec. 211.25 Personnel qualifications. | (a) Each person engaged in the manufacture, processing, packing, or holding of a drug product...
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...METHODOLOGY This chapter outlined the entire research plan. It described how the study was done, the data, instruments utilized, how samples were selected and the analysis of the data using statistical treatment. Research Design The researchers used the true experimental design. It further used Solomon’s Four Group design which involves two experimental groups and two controlled groups. One experimental group and one control group are administered the pretest and the other groups are not, thereby allowing the effects of the pretest measure and intervention to be segregated. In this study there were two groups who were studied: a group who studies alone and a group who studies with a group, this design is a combination of pretest and post test controlled group design, and the post test only controlled group design, in addition to the basic pretest/treat/posttest design three additional test, one without treatment, one without pretest, and one without both pretest and treatment were considered. For a reliable result several sets of four tests were applied and the means used. The various combinations of tested and untested groups with treatment and controlled groups allow the researchers to ensure that confounding variables and extraneous factors have not influenced the results. | |Pre-test |Treatment |Post test | |Experimental with pre-test |O1 |X |O2 | ...
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...Mid-Term Examination #2 ADM 3349 B AUDITING THEORY November 18, 2009 Professor: B. Church | | |INSTRUCTIONS | | | |1. Books and notes are not permitted. | |2. Calculators are permitted. | |3. Complete all questions. | |4. Write in pen. | |5. Answer all questions directly on the examination paper. | |6. Follow the suggested time frames for each question. | |Question |Marks |Suggested Time |Grade | |1 |30 |30 minutes | | |2 |50 |60 minutes ...
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...retirement age which is age is 66. If one decides to work and reach full retirement age or older, the beneficiary may keep all benefits, regardless of earnings. * To receive Social Security (SS) benefits before the year one becomes full retirement age, the SSA must withhold $1 from your social security benefit for every $2 you earn over the annual limit. One must add earnings in all the 12 months Jan-Dec regardless of the month entitled to receive SS benefits for each $2 you earn above the limit until the month you reach full retirement age. In special cases, retired beneficiaries are given the opportunity to continue work while receiving Social Security benefits. The monthly earnings test is applied in the first year one has a month that you earn less than the “Monthly Earnings Test Limit” or have no earnings. If one earns $1.00 over the monthly limit, he/she can lose entire check for that month....
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...audit, including establishing materiality, considering appropriateness, and designing audit procedures that can facilitate the growth of Apollo Shoes. Before the auditor can begin the process of conducting the audit of the inventory and warehousing cash cycles, the auditor must prepare the audit plan and program for Apollo Shoes. Developing the audit strategy and plan aids the auditor in determining the necessary resources to perform the engagement. The auditor must develop a plan in mind that will reduce audit risk to an acceptable level for the inventory and warehousing cash cycle. The audit plan should include a description of nature, timing, and extent of the planned risk assessment procedures. The audit plan and program significantly affects the types and extent of further audit procedures to be used by the auditor in determining whether the financial statements are fairly stated in accordance with the US GAAP. The auditor should consider audit risk in relation to the individual account balances, classes of transactions, and disclosures and relevant assertions of the overall level of the financial statements. These further audit procedures include test of controls, substantive tests of transactions and analytical procedures with the evidence collected from these procedures forming part of the auditor’s sufficient and appropriate evidence to support his audit opinion and report in accordance with the US generally...
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...Q1: Discuss how the SEC has influence (if any) over the audit of Smackey Dog Foods, Inc. The Securities and Exchange Commission assists in providing investors with reliable information upon which to make investment decision. The SEC has considerable influence in setting generally accepted accounting principles and disclosure requirement for financial statements as a result of its authority for specifying reporting requirements considered necessary for fair disclosure to investors. The SEC has power to establish rules for any CPA associated with audited financial statement submitted to the commission. The SEC adopted rules strengthening auditor independence in January 2003 consistent with the requirements of the Sarbanes-Oxley Act. The SEC rules further restrict the provision of nonaudit services to audit clients, and they also include restrictions on employment of former audit firm employees by the client and provide for audit partner rotation to enhance independence. Although Smackey Dog Foods, Inc. is nonpublic companies, independence rule is applied same as public. Q2: Discuss the essential activities involved in the initial planning of an audit. How do these all specifically to the Smackey Dog Food client? Initial audit planning involves four things, all of which should be done early in the audit: 1. The auditor decides whether to accept a new client or continue serving an existing one. Smackey is a new client for Keller CPA. Before they accept the audit, Keller...
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...I. OUT PATIENT DEPARTMENT “Out patient department is defined as apart of the hospital with allotted physical facilities and medical and other staff in sufficient numbers, with regularly scheduled hours, to provide care for patients who are registered as inpatients. Categories of outpatients: • Emergency Outpatients – Patient given emergency care as a result of sudden severe illness or accident. • Referred Outpatients – Patient referred to the OPD by a physician or specialist. • General Outpatients – Patient referred by other physicians, given diagnosis and/or therapeutic services on an outpatient basis. PROCEDURE AT OPD Patient Visits the OPD reception Meet the executive – OPD Fill the OPD form which includes Patient’s Name, Age, Address, Consultants name etc. Pays the required amount at OPD registration counter OPD file preparation by OPD executive Prescription is given by the doctor Further investigation (pathological/radiological) is done if prescribed Consultation charges are to be repaid on every 14th day of previous consultation. Functions of OPD • General Diagnosis and Treatment. • Prescription for further investigation and diagnosis. Organization of OPD Staff of OPD is made up of four major organizational components: 1. Medical Staff. o Most important and central to the organization. o Include the Doctors and Consultants. 2. Nursing staff:...
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...OF SOIL INVESTIGATION AND LABORATORY TESTING NOVEMBER 2011 HMIJO48I11 1020, Bulatan Sulian Mansor, Jalan Ketanran, 20050 Kuata Tcr€ngganu. Tel: A9-6232099 Fax: 09-6229905 Nlrprlr&o AUTHENTICATION OF TIIE FACTUAL REPORT PROJECT : PETRONAS SERVICE STATION AT LOT 821,822 AND PART OF LOT 317, MUKIM CHENG, MELAKA TENGAH, LEBUH AMJ I, do hereby cer1ifu that all items repofted in this report are factual and all works reported herein were carried out in accordance with these specification and BS 5930 : 1981, BS i377 : 1990, other code specified and good engineering practice. #a;'Q I,EAK {rj rr tt) CO NTENT A. REPORT B. BOREHOLE LOG C. S.P.T GRAPHS WITH SOIL LEGEND D. MACKINTOSH PROBE TEST E- SUMMARY OF LABORATORY TESTS RESULTS F- PHOTOGRAPHS OF BOREHOLES G. SITE PLAN REPORT E{ANffiA{,AI{ ENTERPRIStr SDN. BIID. oloo r) F O UNDATION / S OIL ENGINEERING'OFTNACTON Tet:01-79816963 21, Jllan 2/128, Happy carden, OffJatan 03 '1983 67A9 Kuctui Lana,58200 Kudr Luhpur Fd:01-7981 4558 PROPOSED PE'fRONAS SERI/ICE STATION AT I,OT 82],822 AND PART OF LO'|.J17, CHENG, MELAKA TENGAH, LEBUH AMJ I. INTRODUCTION l l rbis repod describes 821. 822 And part l-2 MI/K]M soil Investication works fo. proposed petronas service starion At Lor 317, Mukim Cheng, Melaka Tengah, Lebuh AMJ dre resLrLrs ofrhe Oflor The purpose ofrhis invesrigation is to obtain gcorechnical engineering i'fbrmalio. underrying the sire so as ro provide criieria and data in the desigr,evaluation...
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...Worksheet for You Decide Name _JANICE VALDEZ Course Code _AC555ON_Grade ___/ Date 4/15/_2012_ Questions: Q1: Discuss how the SEC has influence (if any) over the audit of Smackey Dog Foods, Inc. Solution: The Securities and Exchange Commission (SEC), an agency of the federal government, assists in providing investors with reliable information upon which to make investment decisions. The Securities Act of 1933 requires most companies planning to issue new securities to the public to submit a registration statement to the SEC for approval. The Securities Exchange Act of 1934 requires public companies and others to file detailed annual reports with the commission. SEC examines these statements for completeness and adequacy before permitting the company to sell its securities through the securities exchanges. SEC requires that financial statements be accompanied by the opinion of an independent public accountant, which is a part of a registration statement and subsequent reports. Since Smackey Dog Foods, Inc. is not a public company, there is no direct influence of SEC. However, SEC’s rules establish the guidelines of GAAP and personal conduct for Smackey Dog Foods, Inc. (Auditing and Assurances Services, 13th Edition. Pearson Learning Solutions p. 30). <vbk:9781256083337#outline(6.7)> Q2: Discuss the essential activities involved in the initial planning of an audit. How do these all specifically to the Smackey Dog Food client? Solution: 1....
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...better. Familiarize yourself with Equation Editor by navigating the Equation Editor tutorial website: http://corptrain.phoenix.edu/EEGT/EEGT-01-INTRO.asp Caution: Equations created with Equation Editor do not transfer well to classroom posts. To alleviate this problem you may submit your equations as attachments. Use Equation Editor for assignment problems that require you to enter an equation or expression in an appendix. Using MyMathLab® MyMathLab® allows you to submit your work in an easy-to-use web-based application. University administrators have carefully selected problem sets that align with the goals and objectives for this course. MyMathLab® is the platform on which you complete these problem sets and take quizzes and tests. MyMathLab® provides instant feedback, tutorials, animations, and extra practice problems to help solidify learning and avoid misconceptions. Install the Math XL® player and media plugins. To begin the installation, click the MyMathLab® link on your student website under the Week One materials section. Your personal MyMathLab® homepage will appear. In the welcome message at the top of the page is a link to access the Installation Wizard. Follow the installation directions. Should you need technical assistance, contact the...
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