Credit risk and Internal Control risks

Partial credit note and Full credit note

Two tools used for O2C outsourcing

Query Resolution Process in O2C cycle

Penetration Rate

True or False:

i. Cash Application is a part of the pre-invoicing stage

ii. Credit limit is the monetary limit of the credit extended to a customer.

iii. Credit risk is mitigated by doing credit appraisal on continuous basis for the existing customers.

iv. Poor quality control can result in customer dissatisfaction.

V. Sending PO to seller does not constitute a legal offer to buy products or services.

Fill in the blanks:

i. The credit function is also cynically called as ....................

ii. .............. is also called as 'acid test ratio'.

iii. The effectiveness of the collection process is measured through a tool called .................

iv. A business gets its fund by ---------assets.

V. ----------is the most important quality measure for the customer setup process.

Describe at least 10-12 best practices used by P2P team to improve the processes

Last Date for Submission of Assignment (or as and when notified by the University)

For June TEE Exam

For December TEE Exam

Explain all the Risks associated with the P2P cycle? How these risks are mitigated?

Parties involved in the T & E process and their responsibilities

Steps needed by P2P team to prepare month end report

Role and Responsibility of Quality Control Specialist

Importance of Helpdesk

Write full form of the following:

i. EFT

ii. ACH

iii. EDI

iv. ISP

V.TAT

True or Fa

i. Vendors bank details are available in Vendor Master.

ii. The computer-based application that allows the management of the requests from creation to closure is called Request Tracker.

The quality control team should be a part of the AP team to be most effective.

iv. Degree of certainty of a possible outcome is Risk.

V. The Duality principle of accounting is also called principle of accounting equivalence.

lse:

Fill in the blanks:

i. The activity of placing an order to buy stationery items belong to-------stage.

ii. The average time taken for a transaction to be completed is called ................

Purchase activities consist of and----- process.

iv.  .............. Invoices are raised by the vendor for purchases that were made without raising PO.

V. Measurements taken on an activity to measure its quality is called ...............

If E is a measurable set and f is a simple function such that a , show that

Give an example of an algebra which is not a σ − algebra. Justify your choice of examples.

Let (X,d) be a metric space and A be a subset of X. Show that bdy(A) = Qif and only if A is both open and closed.

Verify the hypothesis and conclusions of the Fatou's lemma for the sequence {f_n} given by