Below Is the Narrative of the "Perform Billing" Portion of the B/AR/CR

question 120

Essay

Below is the narrative of the "Perform billing" portion of the B/AR/CR process.Narrative Description
When the OE/S process produces a sales order, it notifies the B/AR/CR process to that effect.This is the flow "Sales order notification." When triggered by the data flow, "Shipping's billing notification" (i.e., the shipping notice), process 1.1 validates the sale by comparing the details on the sales order
notification to those shown on shipping's billing notification.If discrepancies are noted, the request is rejected, i.e.a reject stub.Rejected requests are later processed through a separate exception routine.If the data flows match, process 1.1 sends a validated shipping notification to process 1.2.Process 1.2 then performs the following actions:
-Obtains from the customer master data containing certain standing data which is needed to produce the invoice.-Creates the invoice and sends it to the customer.-Updates the accounts receivable master data.-Adds an invoice to the sales event data (i.e., the sales journal).-Notifies the general ledger process that a sale has occurred (GL invoice update).Required:
From the DFD in TB Figure 11.1 and the narrative description above, explode bubble 1.0 into a lower-level diagram showing the details of that process.

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Definitions:

Cross Border Fund

An investment fund that has the capability to invest in financial assets across different countries.

Benchmark

A standard or point of reference against which things may be compared or assessed, particularly in the financial markets to measure the performance of stocks or funds.

Interest Rate Parity Theory

Interest Rate Parity Theory is an economic theory which suggests that the difference in interest rates between two countries is equal to the expected change in exchange rates between their currencies.

Exchange Rates

The rate at which one currency can be exchanged for another, influencing international trade and capital flow between countries.