Q2. Below are the documents commonly encountered in a procurement business process:

a. Purchase requisition

b. Purchase order

c. Receiving report

d. Payment voucher Required: For each document,

(1) state where it originated, and

(2) give the entity or entities (e.g., other departments or parties) which would most likely receive a copy of the document or that should access it in a database.

Q3.The following production information for the MANDA Manufacturing Company has been gathered for part number AB7 (which is used in the manufacture of one of its products): MANDA Manufacturing buys part AB7 from a supplier.

MANDA estimates that it will need 5,400 parts this month (which has 30 days).

Each part costs $6.89, and it costs Murray $750 to place an order for part AB7.

It takes 8 days to receive an order of part AB7 from MANDA's supplier.

All parts orders are received, inspected, and checked into inventory the same day shipment is received.

Inventory carrying costs are 20% of the inventory value for the month.

Required: A. Compute the economic order quantity in units (rounded to the nearest unit) for part AB7.

B. Compute the reorder point (rounded to the nearest unit) for part number AB7.

Q4. How do systems techniques help in auditing?

Q5. Describe the process of setting up of new company as found in the peach tree sage accounting. Describe the various stages and entries on the new company set up guide. Q6.Differentiate between Equity gets closed and Equity doesnt close as used in Peachtree Sage Accounting Software. .

Q7. Explain the procedure used in setting up default information for Customers, Vendors, and inventory items. .

Q8

case CZ Company is a beauty and barber supplies and equipment distributor servicing a five-region area. Management generally has been pleased with the overall operations of the company to date. However the present purchasing system has evolved through practice rather than having been formally designed. Consequently it is inadequate and needs to be redesigned. A description of the present purchasing system is as follows. Whenever the quantity of an item is low, the inventory supervisor phones the purchasing department with the item description and quantity to be ordered. A purchase order is prepared in duplicate in a purchasing department. The original is sent to the vendor, and a copy is retained in the purchasing department filed in numerical order. When the shipment arrives, the inventory supervisor sees that each item received is checked off on the packing slip that accompanies the shipment. The packing slip is then forwarded to the accounts payable department. When the invoice arrives, the packing slip is compared with invoice in the accounts payable department. Once any differences between the packing slip and the invoice are reconciled, a check is drawn for the appropriate amount and is mailed to the vendor with a copy of the invoice. The packing slip is attached to the invoice and filed alphabetically in the paid invoice file.

Required CZ Company intends to redesign its purchasing system from point in time when an item needs to be ordered until payment is made. The system should be designed to insure that all of the proper controls are incorporated in to the system.

1. Draw a data flow diagram (DFD) for the existing system

2. Identify the internally and externally generated documents that would be required to satisfy the minimum requirements of a basic system and indicate the number of copies of each document that would be needed.

3. Explain how all of these documents should inter relate and flow among CZs various departments, including the final destination or file for each copy. (Use DFD)

4. Identify the weakness of the existing system ,