The nature and importance of assumptions in designing a process

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ASSIGNMENT OBJECTIVES

This assignment is designed to develop your ability to: • Identify the activities, event data and master data that you would expect to find in a core business process – in the case of this assignment, Order to Cash • Use this general understanding as a basis for designing a segment of an Order to Cash process for a specific industry, and specific organisation within that industry. • Understand the nature and importance of assumptions in designing a process • Identify risks and controls you would expect to find in an Order to Cash process. • Use this general understanding as a basis for identifying risks that are unique to an Order to Cash process in a particular industry. BACKGROUND BACKGROUND You are an accountant working for a community pharmacy in NSW. You have been asked to review its order to cash process and ensure that it is well controlled. The baseline for your information will come from the following video https://vimeo.com/229226965/d7e515b4e2 You may find the following video helpful for further information https://vimeo.com/229227003/224ed1ff08

ASSIGNMENT REQUIREMENTS AND RELATIVE WEIGHTS ASSIGNMENT REQUIREMENTS AND RELATIVE WEIGHTS Complete each section of the Individual Assignment template, using the instructions in the template. The template also indicates the relative weight of each section, out of a total of 20 marks.

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