Question

Q1: Describe enterprise organization levels as seen from a financial accounting perspective.

N.B. Give precise, concise and thorough answer.

Q2: Draw a simplistic mind map for organizational elements associated to the procurement business process.

N.B. leaves of your mind map have to correspond to “your” concise and precise definitions of the organizational elements from the procurement process view.

Answer 1

Q1: Describe enterprise organization levels as seen from a financial accounting perspective.

Solution:

Level I: Organisational Level: This level facilitate the administrative function of the unit or department and the person involves chief financial officer and controller etc.

Level II: Process Level: This level facilitate the managerial function of the unit or department and the person involves are accounting managers, analyst, and auditors etc.

Level III: Job Level: This level facilitate the clerical function of the unit or department and the person involves like accounting clerk and file clerk etc.

Q2: Draw a simplistic mind map for organizational elements associated with the procurement business process.

1. Job vacancy: First of all, the company will identify the vacant positions which are needed to be filled.

2. Job analysis: Secondly, the company will see job description and specification which is the specifications of the job or task accomplishment.

3. Invitation: Thirdly, the company will invite the applications on the basis of the need of the job i.e. job description and specifications.

4. Screening: The company will screen the received applications on the basis of eligibility.

5. Interview: The eligible candidates will go through an interview process to check the soft and hard skills

6. Selection: The candidates who have performed well and justifies will be selected for the job.

7. Placement and induction: The selected candidates will be placed on the vacant jobs on the basis of qualification and eligibility and in the initial process they will be informed by the company's culture and value system.

8. Evaluation: Finally, the candidate's performance will be evaluated on the basis of assigned roles and responsibilities.