Accounting for Managers (HM5001 T2) Assignment Help

Individual Assignment

Assessment Details and Submission Guidelines
Trimester	T2 2024
Unit Code	HM5001
Unit Title	Accounting for Managers
Assessment Type	Individual Assignment
Due Date + time:	4th / October / 2024 11.59 pm (Melb / Sydney time)
Purpose of the assessment (with ULO Mapping)	This assignment aims to provide students with an understanding of the fundamentals of the procurement and fulfillment processes, how SAP S/4HANA supports this function, and how the accounting processes supports this function. This activity will cover ULO 1, 2, and 5. This assessment will cover the following Unit Learning Objectives: • Critically evaluate the function of accounting and identify potential users of accounting information and its role in the business decision making process. (ULO 1) • Research, assess and apply the principles of accounting in recording business transactions in the accounting cycle and the role of accounting information systems. (ULO 2) • Apply financial statement analysis techniques and critically evaluate business financial performance. (ULO 5)
Weight	30 %
Total Marks	Assignment (30 marks)
Word limit	Not applicable

Case Study

Procurement Scenario

GBI re-sells a range of bicycles. There is a request for the Deluxe Touring Bike (black). After reviewing the stock, you realize that stock is required, and you are required to start the procurement process. The Deluxe Touring Bike (black) is purchased from the vendor; Olympic Protective Gear. This vendor is already created in the system. You create a purchase order for the Deluxe Touring Bike (black), which is forwarded

to the vendor. The goods arrive, and you will create a goods receipt and verify the physical receipt in stock. An invoice will arrive, which will need to be entered into the system. Payments will be posted to the vendor, and you will review the impact the purchase has on General Ledger.

Your task is to complete the procurement process from a specified scenario and produce several screenshots to verify the completion of the process. The screenshots are to be inserted (pasted) in the specified areas below. If you are unsure how to take a screenshot, please refer to Google.

Required Steps

Purchase Order Data

Field	Description	Value
Purchasing Organization	BI US	US00
Vendor	Olympic Protective Gear 101### (where ### is	your logon number)
Purchase Group	North America	N00
Material	Deluxe Touring Bikes (black)	DXTR1### (where ### is your logon number)
Quantity		4
Net Price		$1400 each
Currency		USD
Plant	DC Miami	MI00

Deliverable: Procurement	1. Insert a screenshot of your Purchase Order
Screenshot:

Note:
You could take a screenshot once the process is complete or use the Display Purchase Order functionality

Goods Receipt Data

Field	Description	Value
Storage Location Finished Goods US00

Invoice Data

Field	Description	Value
Company Code GBI Americas US00
Tax		XI (Input tax)

Payment Data

Field	Description Value
Posting Date		Today’s date
Journal Entry Date		Today’s date
Value Date		Today’s date
Period		Today’s month
G/L Account		100000
House Bank		Bank
Amount		5600
Currency		USD

Deliverable: Procurement	2. Insert a screenshot of your Process Flow
Screenshot:

Note:

Deliverable: Procurement	3. Insert a screenshot of your Post Outgoing Payments
Screenshot:

Note:

Fulfillment Scenario

GBI re-sells a range of bicycles. The company have had an Inquiry from an existing customer (The Bike Zone ###) for 4 Deluxe Touring Bike (Black). As indicated, the customer is already in the system. Once you create the Inquiry, the customer has requested a formal Quotation. The customer receives the quotation and sends GBI a Purchase Order

which is entered into the system as a Sales Order. As there is enough stock, you will complete the Delivery process. An Invoice will be created, and sent to the customer, and then GBI will receive Payment from the Customer.

Note: If you did the exercise, then your customer will be there. If not, then you will have to create the customer. The process of creating a new customer is given on page 68 of the SAP Tutorial.

Your task is to complete the fulfillment process from a specified scenario and produce several screenshots to verify the completion of the process. The required data for various steps is displayed below. All other data is the same as the exercise you have previously completed. The screenshots are to be inserted (pasted) in the specified areas below.

Required Steps

Create an Inquiry

Field	Description	Value
Sales Organization	US East	UE00
Distribution Channel Wholesale		WH
Division	Bikes	BI
Sold to Party	Bike Zone ###
City	Orlando
Cust Ref		###
Cust Ref Date		Today’s date
Valid From		Today’s date
Valid to		one month from today
Material	Deluxe Touring Bike (Black) DXTR1###
Order Quantity		4

Deliverable: Fulfillment	4. Insert a screenshot of your Inquiry
Screenshot:

Note:

Create a Quotation with a Reference

Field	Description Value
Cust Ref		###
Cust Ref Date		Today’s date
Valid From		Today’s date
Valid to		one month from today
Req Deliv Date		Today’s date

Create Sales Order with Reference

Field	Description Value
Purchase Order No		###
Cust Reference		###
Cust Ref Date		Today’s date
First date		Tomorrow’s date

Deliverable: Fulfillment	5. Insert a screenshot of your Sales Order
Screenshot:

Note:

Delivery Process

Field	Description	Value
Ship to Party	Bike Zone ###
Planned Creation date		Due up until next week
Picking Quantity		4
Storage Location	Finished Goods FG00

Create Invoice

Field	Description	Value
Ship to Party	Bike Zone ###
Billing Date From		Today’s date

Post Receipt of Customer Payment

Field	Description	Value
Company Code	UNS	US00
Posting Date		Today’s date
Journal Entry date		Today’s date
	Journal Entry Type Billing Doc. Transfer RV
Period		Current Month
G/L Account		100000
Amount		12000
Currency		USD

Deliverable: Fulfillment	6. Insert a screenshot of your Journal Entry
Screenshot:

Note:

Deliverable: Fulfillment	7. Insert a screenshot of your Process Flow
Screenshot:

Note:

Marking Criteria
Marking criteria	Weighting in Total Grades

1. Insert a screenshot of your Purchase Order 4%

2. Insert a screenshot of your Process Flow 4%

3. Insert a screenshot of your Post Outgoing Payments 6%

4. Insert a screenshot of your Inquiry 4%

5. Insert a screenshot of your Sales Order 4%

6. Insert a screenshot of your Journal Entry 4%

7. Insert a screenshot of your Process Flow 4%

TOTAL Weight

30%

Academic Integrity

Holmes Institute is committed to ensuring and upholding Academic Integrity, as Academic Integrity is integral to maintaining academic quality and the reputation of Holmes’ graduates. Accordingly, all assessment tasks need to comply with academic integrity guidelines. Table 1 identifies the six categories of Academic Integrity breaches. If you have any questions about Academic Integrity issues related to your assessment tasks, please consult your lecturer or tutor for relevant referencing guidelines and support resources. Many of these resources can also be found through the Study Skills link on Blackboard.

Academic Integrity breaches are a serious offense punishable by penalties that may range from deduction of marks, failure of the assessment task or unit involved, suspension of course enrolment, or cancellation of course enrolment.

Table 1: Six categories of Academic Integrity breaches

Plagiarism	Reproducing the work of someone else without attribution. When a student submits their own work on multiple occasions this is known as self-plagiarism.
Collusion	Working with one or more other individuals to complete an assignment, in a way that is not authorized.
Copying	Reproducing and submitting the work of another student, with or without their knowledge. If a student fails to take reasonable precautions to prevent their own original work from being copied, this may also be considered an offense.

Impersonation	Falsely presenting oneself, or engaging someone else to present as oneself, in an in-person examination.
Contract cheating	Contracting a third party to complete an assessment task, generally in exchange for money or other manner of payment.
Data fabrication and falsification	Manipulating or inventing data with the intent of supporting false conclusions, including manipulating images.

Source: INQAAHE, 2020

Marking Rubric

Excellent

Very Good

Good

Satisfactory

Unsatisfactory

(80-100%)

(70-79%)

(60-69%)

(50-59%)

(0-49%)

Insert a

screenshot of your Purchase Order [4

Marks]

All the steps are followed properly, and all the

screenshots

are pasted

according to the given

instructions.

Almost all the steps are

followed, and almost all the screenshots

are pasted

according to the given

instructions.

Most of the

steps are

followed, and the relevant

screenshots

are pasted

according to the given

instructions.

Some steps are followed, and some relevant screenshots

are pasted

according to the given

instructions.

Most of the

steps are not followed

properly.

However,

some relevant screenshots

are pasted.

Insert a

screenshot of your Process Flow [4

Marks]

All the steps are followed properly, and all the

screenshots

are pasted

according to the given

instructions.

Almost all the steps are

followed, and almost all the screenshots

are pasted

according to the given

instructions.

Most of the

steps are

followed, and the relevant

screenshots

are pasted

according to the given

instructions.

Some steps are followed, and some relevant screenshots

are pasted

according to the given

instructions.

Most of the

steps are not followed

properly.

However,

some relevant screenshots

are pasted.

Insert a

screenshot of your Post

Outgoing

Payments [6 Marks]

All the steps are followed properly, and all the

screenshots

are pasted

according to the given

instructions.

Almost all the steps are

followed, and almost all the screenshots

are pasted

according to the given

instructions.

Most of the

steps are

followed, and the relevant

screenshots

are pasted

according to the given

instructions.

Some steps are followed, and some relevant screenshots

are pasted

according to the given

instructions.

Most of the

steps are not followed

properly.

However,

some relevant screenshots

are pasted.

Insert a

screenshot of your Inquiry [4 Marks]

All the steps are followed properly, and all the

screenshots

are pasted

according to the given

instructions.

Almost all the steps are

followed, and almost all the screenshots

are pasted

according to the given

instructions.

Most of the

steps are

followed, and the relevant

screenshots

are pasted

according to the given

instructions.

Some steps are followed, and some relevant screenshots

are pasted

according to the given

instructions.

Most of the

steps are not followed

properly.

However,

some relevant screenshots

are pasted.

Insert a

screenshot of your Sales

Order [4

Marks]

All the steps are followed properly, and all the

screenshots

are pasted

according to the given

instructions.

Almost all the steps are

followed, and almost all the screenshots

are pasted

according to the given

instructions.

Most of the

steps are

followed, and the relevant

screenshots

are pasted

according to the given

instructions.

Some steps are followed, and some relevant screenshots

are pasted

according to the given

instructions.

Most of the

steps are not followed

properly.

However,

some relevant screenshots

are pasted.

Insert a screenshot of

All the steps are followed properly, and all the

Almost all the steps are followed, and almost all the

Most of the steps are followed, and the relevant

Some steps are followed, and some relevant screenshots

Most of the steps are not followed properly.

your Journal Entry [4 Marks]	screenshots are pasted according to the given instructions.	screenshots are pasted according to the given instructions.	screenshots are pasted according to the given instructions.	are pasted according to the given instructions.	However, some relevant screenshots are pasted.
	All the steps	Almost all the	Most of the	Some steps are followed, and some relevant screenshots are pasted according to the given instructions.	Most of the steps are not followed properly. However, some relevant screenshots are pasted.
	are followed	steps are	steps are
Insert a	properly, and	followed, and	followed, and
screenshot of	all the	almost all the	the relevant
your Process	screenshots	screenshots	screenshots
Flow [4	are pasted	are pasted	are pasted
Marks]	according to	according to	according to
	the given	the given	the given
	instructions.	instructions.	instructions.