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UNIT 2 SUMMARY - Coggle Diagram

- - - - Ordering of goods that
        have reached re-order level
    - - Requisitions
      - List of approved suppliers
      - Supplier price lists
      - PO’s
  - - - Ordered goods received
        by organisation
    - - Copy of the PO
      - Supplier delivery notes
      - Goods received notes
  - - - Received goods recorded
        for accounting purposes
    - - Supplier invoice
      - Copy of the PO’s
      - Copy of the GRN
      - DN form supplier
      - Purchases Journal
      - Credit Notes
- - - - Control over cheque forms
      - Drawing & signing of cheques
      - Recording of payments
- - - - The head chef is responsible for ordering all the seafood from Seven Fisheries
        
        Weakness: They do not have the authorisation to place PO's
        Risk: An unauthorised person may order unnecessary goods
  - - - E.g. the organisation will implement internal controls that
        should be adhered to with regards to the authorisation of a
        purchase