Explain the data in the material master

Assignment Help Computer Engineering

Reference no: EM133481843

Part 1

Answer the following questions in details .

Question 1: What is a t-account? Who uses it?

Question 2: Your company purchased supplies for $3000 and pays for them via a check. Make a t-account chart to illustrate the impact of this purchase on your company's general ledger (you can do it on paper and scan it, or you can do it in a powerpoint/word - but please ensure it is presented as a t-account).

Question 3: Your company sold products/services for $10,000 and is paid for them via a check. Make a t-account chart to illustrate the impact of this sales process on your company's general ledger (you can do it on paper and scan it, or you can do it in a powerpoint/word - but please ensure it is presented as a t-account).

Question 4: An organization purchases supplies for $3000 and pays for them via a check. Make the t-accounts to illustrate the impact of this purchase on the general ledger.

Question 5: An organization purchases the supplies as explained below. The vendor invoices the organization at a later date, and the organization makes payment via a check. Make the t-accounts to illustrate the impact of these purchases on the general ledger: Purchase office supplies for $2,500 from Vender Z, and Purchase office supplies for $1,200 from Vendor Y

Question 6: An organization sells products to customers as explained below. The customers are sent invoices at a later date, and they make payment for the amount of the invoice. Make the t-accounts to illustrate the impact of these purchases on the general ledger: Sell products for $3,500 to Customer A, and Sell products for $3,500 to Customer B

Part 2

Refer the book Integrated Business Processes with ERP Systems, Simha R. Magal, Jeffrey Word 2012,

Question 1: Explain the differences between the different types of purchasing organizations. Under what conditions is each type. appropriate?

Question 2: Explain the data in the material master and in the vendor master that are relevant to the purchasing process.

Question 3: Explain the four goods movements discussed in this chapter. How are goods movements related to movement types?

Question 4: Explain the different steps in the procurement process in terms of their triggers, data needed, task completed, and outcomes

Question 5: Explain the outcomes of the invoice verification step of the procurement process.

Question 6: What is a three-way match? What documents are involved in a three-way match? What is the purpose of a three-way match?

Reference no: EM133481843

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