Page 96 - Demo

جميع الحقوق محفوظة ـ اإلعتداء عىل حق املؤلف 96 بالنسخ أو الطباعة يعرض فاعله للمسائلة القانونيةFirst: Business functions in and the related documents:Acquisition& payment Inventory & warehouse Sales and Collection cycle1. Processing Purchase orders (related to acquisition and payment cycle): Adequate controls over purchasing must be maintained whether inventory purchases are for raw materials for a manufacturer or finished goods for a retailer. Purchase a) purchase requisition: is used to request b) purchase order: is a document used to order raw material. It includes thedescription, quantity, and related information. 2. Receiving Raw Material: (related to acquisition and payment cycle) : Receipt of the ordered materials, which is also part of the acquisition and payment cycle, involves the inspection of material received for quantity and quality a) Receiving report: is a paper or electronic document prepared at the time raw materials are received. It includes a description of the type, the quantity received, the date received, and other relevant data. Auditing Acquisition and Payment Cycle