Complete the procurement process from a specified scenario

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Reference no: EM133924575

Accounting for Managers

Purpose of the assessment

This assignment aims to provide students with an understanding of the fundamentals of the procurement and fulfilment processes, how SAP S/4HANA supports this function, and how the accounting processes supports this function.

This activity will cover ULO 1, 2, and 5.

Learning Objective 1: Critically evaluate the function of accounting and identify potential users of accounting information and its role in the business decision making process.

Learning Objective 2: Research, assess and apply the principles of accounting in recording business transactions in the accounting cycle and the role of accounting information systems. Get online assignment help-AI & plagiarism-free-now!

Learning Objective 3: Apply financial statement analysis techniques and critically evaluate business financial performance.

Case Study

Procurement Scenario

GBI re-sells a range of bicycles. There is a request for the Deluxe Touring Bike (black). After reviewing the stock, you realise that stock is required, and you are required to start the procurement process. The Deluxe Touring Bike (black) is purchased from the vendor; Olympic Protective Gear. This vendor is already created in the system. You create a purchase order for the Deluxe Touring Bike (black), which is forwarded to the vendor. The goods arrive, and you will create a goods receipt and verify the physical receipt in stock. An invoice will arrive, which will need to be entered into the system. Payments will be posted to the vendor, and you will review the impact the purchase has on General Ledger.

Your task is to complete the procurement process from a specified scenario and produces several screenshots to verify the completion of the process. The screenshots are to be inserted (pasted) in the specified areas below. If you are unsure how to take a screenshot, please refer to Google.

Fulfilment Scenario
GBI re-sells a range of bicycles. The company have had an Inquiry from an existing customer (The Bike Zone ###) for 4 Deluxe Touring Bike (Black). As indicated, the customer is already in the system. Once you create the Inquiry, the customer has requested a formal Quotation. The customer receives the quotation and sends GBI a Purchase Order which is entered into the system as a Sales Order. As there is enough stock, you will complete the Delivery process. An Invoice will be created, and sent to the customer, and then GBI will receive Payment from the Customer.

Note: If you did the exercise, then your customer will be there. If not, then you will have to create the customer. The process of creating a new customer is given on page 68 of the SAP Tutorial.

Your task is to complete the fulfilment process from a specified scenario and produces several screenshots to verify the completion of the process.

Reference no: EM133924575

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