Question One

Explain why and how the FI process is integrated with other processes?

(Give an example of the integration between the FI process and other process)

Question Two

What does purchasing organization level mean in the organizational data of the procurement process?

What are the three models of this level (use an example of a company from your imagination or a real a company to show the difference between the three models)?

Question Three

Consider this scenario:

HappyHome is a factory specialized in manufacturing some ranges of home appliances. HappyHome is purchasing, on credit, some office supplies for its administrative staff. The total cost of these supplies is 3,500 SAR

Record financial impacts of this purchase transaction.

Question Four

Now, consider a scenario in which our factory HappyHome, sells home appliances to three customers on credit for 5,000 SAR; 3,000SAR and 5,500SAR respectively, and then receives payment at a later date.

Record financial impacts of this sale transaction.