Exam 5: Business Processes: Purchasing, Sales, and Payroll Cycles

Nice Lawn Pay Employees Narrative At a scheduled time, a Nice Lawn account processes the payroll payment processing. Payroll is retrieved from the appropriate database tables and the direct deposit process runs. Employees are required to use direct deposit and receive pay stubs. (The accountant verifies payroll calculations are verified in the calculate payroll liabilities process.)The bank processes the payments to the employees. Nice Lawn uses the following database tables: Employee, Payroll Liabilities, Cash Payments, Checking Account, Expenses -Create a business process map organizer for the Nice Lawn Pay Employees narrative.

Whether you use the big bang or stages approach when customizing an accounting system, ________ must be considered.

Nice Lawn Pay Payroll Liabilities Narrative At a scheduled time, the pay payroll liabilities process for Nice Lawn automatically initiates based on the due dates of the specific payroll liability. When the process begins, the payroll liabilities are processed. A Nice Lawn account reviews the liabilities for authorization. After reviewing the liabilities, the accountant authorizes payment. Payment is sent electronically; the tax forms are completed and sent to the appropriate governmental agency. The payroll liabilities are recorded. Nice Lawn uses the following database tables: Employee, Payroll Liabilities, Cash Payments, Checking Account, Expenses, Accounts Payable -Create a flowchart for the Nice Lawn Pay Payroll Liabilities narrative.

Customizing a baseline accounting system can prove costly with unexpected cost overruns and delays.

Spice House Receive Customer Payment BPMN -List the activities in the Spice House Receive Customer Payment BPMN diagram.

When ________ is shown going into or from a database table, data will be entered, updated, and retrieved using database field contents within the table.

What activities are usually included in the financial module?

Create a business process map organizer for Spice House Receive Customer Payment BPMN diagram.

Spice House Purchase Order Narrative On Monday of each week, a Spice House employee checks inventory using an inventory report. For items that are low, the employee processes a purchase order. The manager reviews and authorizes the purchase order. The Spice House database tables: Employee, Customer, Vendor, Purchase Order, Purchase Order Line, Item, Invoice, Invoice Line, Accounts Payable, Accounts Receivable -Annotate the Spice House Purchase Order narrative.

The biggest disadvantage to the ________ approach is that the new system goes live all at once.

Nice Lawn Pay Payroll Liabilities Narrative At a scheduled time, the pay payroll liabilities process for Nice Lawn automatically initiates based on the due dates of the specific payroll liability. When the process begins, the payroll liabilities are processed. A Nice Lawn account reviews the liabilities for authorization. After reviewing the liabilities, the accountant authorizes payment. Payment is sent electronically; the tax forms are completed and sent to the appropriate governmental agency. The payroll liabilities are recorded. Nice Lawn uses the following database tables: Employee, Payroll Liabilities, Cash Payments, Checking Account, Expenses, Accounts Payable -Create a business process map organizer for the Nice Lawn Pay Payroll Liabilities narrative.

Books Ga'Lore! Cash Sales Narrative Books Ga'Lore! sells books online and at retail stores. When a customer makes a cash purchase at a retail store, an employee generates a sales receipt and gives customer the receipt and items. Books Ga'Lore! uses the following database tables: Customer, Vendor, Inventory, Invoice, Invoice Line, Undeposited Funds -Create a business process map organizer table for the Books Ga'Lore! Cash Sale narrative.

The ________ module consists of other events and transactions that do not fall into the vendor, customer, employee, or banking modules.

Nice Lawn Adjusting Entries Narrative When it is time for Nice Lawn to make adjusting entries, the accountant generates the Trial Balance. The accountant verifies the credits equal the debits. Then adjustments are calculated. The adjusting entries are recorded and an Adjusted Trial Balance is created. The accountant verifies the credits still equal the debits and approves the Trial Balance for Financial Statement process. Nice Lawn uses the following database tables: General Ledger, Temporary Account, Expenses, Liabilities -Create a BPMN diagram for the Nice Lawn Adjusting Entries narrative.

Spice House Enter Bills from Vendors Narrative Vendors send bills to Spice House.When Spice House receives a bill from a vendor, the bill is matched to the purchase order and receiving report. Once the bill is verified, it is recorded in the accounting system. The Spice House database tables: Employee, Customer, Vendor, Purchase Order, Purchase Order Line, Item, Invoice, Invoice Line, Accounts Payable, Accounts Receivable -Create a flowchart for the Spice House enter Bills from Vendors narrative.

Nice Lawn Pay Payroll Liabilities Narrative At a scheduled time, the pay payroll liabilities process for Nice Lawn automatically initiates based on the due dates of the specific payroll liability. When the process begins, the payroll liabilities are processed. A Nice Lawn account reviews the liabilities for authorization. After reviewing the liabilities, the accountant authorizes payment. Payment is sent electronically; the tax forms are completed and sent to the appropriate governmental agency. The payroll liabilities are recorded. Nice Lawn uses the following database tables: Employee, Payroll Liabilities, Cash Payments, Checking Account, Expenses, Accounts Payable -Annotate the Nice Lawn Pay Payroll Liabilities narrative.

Books Ga'Lore! Cash Sales Narrative Books Ga'Lore! sells books online and at retail stores. When a customer makes a cash purchase at a retail store, an employee generates a sales receipt and gives customer the receipt and items. Books Ga'Lore! uses the following database tables: Customer, Vendor, Inventory, Invoice, Invoice Line, Undeposited Funds -Create a flowchart for the Books Ga'Lore! Cash Sale narrative.

Nice Lawn Purchase Narrative Nice Lawn needs to purchase more copper to make lawn ornaments. Nice Lawn creates an order sends it to the copper vendor online. When Nice Lawn receives the copper shipment, the receiving department verifies the order is correct. The copper is recorded on the receiving report and in the accounting system. Nice Lawn receives a bill. The bill is cross checked with the purchase order and the receiving report; then entered into the accounting system. -In the create purchases order component of the Nice Lawn Purchase Narrative, what are the pools and swim lanes?

Books Ga'Lore! Online Payment Deposit Narrative To deposit online payment deposits, Books Ga'Lore! sends a request for a daily credit card batch summary file to the credit card company at a scheduled time. The credit card company sends the file and transfers the funds to Books Ga'Lore!'s checking account. Books Ga'Lore! receives the batch file. The bank records the deposit in Books Ga'Lore!'s checking account. Books Ga'Lore! verifies the credit card batch summary file matches the customer payments and then records the deposits. Books Ga'Lore! uses the following database tables: Customer, Accounts Receivable, Undeposited Funds, Cash Receipts, Checking Account, General Ledger -Create a flowchart for the Books Ga'Lore! Online Payment Deposit narrative.

Spice House Receive Customer Payment BPMN -List the gateways in the Spice House Receive Customer Payment BPMN diagram.