peach blossom cologne company soluation Essay

Sales invoices are prepared in batches on a daily basis using numbered sales invoices. Sales invoice numbers are automatically generated by the company’s computer system. The accounts receivable clerk does not have appropriate computer rights to override the computer-generated invoice number. Upon preparing sales invoices, the accounts receivable clerk verifies that the first invoice number of the batch is consistent with the last invoice number of the previous batch. Inconsistencies or skipped sales invoice numbers are investigated and resolved before new sales invoices are prepared. The items shipped are compared to the items billed for proper quantity, price, and other sales order terms.

Stage 3: Substantive tests of Transactions - The Smackey audit team needs to perform substantive tests on the balances of the accounts receivables and inventory accounts. Moreover, substantive tests can be done through performing substantive tests of transactions, analytical procedures and test of details of balances. By running tests of transactions, which is similar to test of internal controls the auditor will take an invoice but this time verifying the monetary amount of the transaction.

We conducted several processes to test the accounts receivable of Wealthy Watches Inc. At the beginning, we agreed the balance of the accounts receivable detail listing to the trial balance and subsequently to the financial statements to ensure completeness of the population.

The activity register contains a history of all supply and property transactions. These include open and closed transactions that are tracked by serial number. The function provides the capability to search, view and/or print a report of these transactions, to reverse receipt or asset adjustment transactions that were input erroneously, and to view input transactions.

i – One specific transaction can be captured in the accounting information as input, process and output such as a supplier invoice. This supplier invoice would be initially recorded onto the company’s books when it reaches them, this would be the input. After this, it will be included in the summary of the general ledger accounts after being processed by double entry accounting, this would be the process. Finally, it will be displayed in financial statements such as the balance sheet and this would be the output.

.7.8.Prenumbered sales invoices are kept in a sales journal.The invoices are numbered from 0001 to 5000.

The receiving supervisor signs receiving reports showing that the total quantity shipped by a supplier was received and then diverts 5% to 10% of each shipment to the boutique.

Performed testing of sales, payment, and inventory transactions with unique test scripts that verify expected data.

Under 15 U.S.C. § 1681k(a) which outfits a purchaser report for work purposes and which for that reason orders

Discuss what is meant by the term “customer orientation”. Illustrate with examples how companies demonstrate their customer orientation by reference to at least two elements of the marketing mix.

Another point I will address is the major issue of verifying the ending balance in property, plant and equipment is the possibility of legal encumbrances. I will discuss any specific concerns I may have. I I will describe the procedures that I will undertake to obtain evidence about existing legal encumbrances.

We have chosen to build our strategy upon a focused strategy, since it allows a much more narrow approach towards the market segment. In this case we have chosen focused differentiation.

Sunderland Faculty of Business & Law Undergraduate Programmes MKT306 Marketing Strategy Assignment Monday 9th January 2012 – Individual Report Please read all instructions and information carefully. You are required to submit your work within the bounds of the University Infringement of Assessment Regulations. Your assignments must be submitted to your Study Centre in hard copy with an accurately and clearly completed Assignment Cover Sheet and an electronic copy on CD in an envelope, hole punched or safely secured into your plastic file or assignment wallet Please do not include the plastic CD case/box and remember to write your student code and assignment code clearly onto the disc and envelope. Hand-in Deadline: Word Count: Task This is

Inbound Receipts: The flow of inbound materials is streamlined by providing centralized, proactive monitoring mechanisms that efficiently manage both expected receipts, in-transit and received lines by supplier and type of document. Receiving agents are guided through prescribed receiving, inspection and put-away tasks ensuring receipts are processed quickly and easily, and exceptions are promptly identified and resolved.

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