Credit sales and receipts
Distinguish an earned sale, the customer receivable and the payment using a fictional GNF 10 million transaction.
Read the notePublications
Useful perspectives on management
Eight supplied publications on finance, procedures and ERP, alongside the prototype’s existing educational notes.
Trading margin, profit and cash
Understand why a positive margin does not establish that funds are available when a supplier payment falls due.
Read the noteOrganising responsibilities and decision-making authority
Connect the organisation chart, job descriptions, RACI, delegations and system access with actual authority.
Read the noteImproving approvals and managing urgent requests
Measure waiting time, arrange authorised deputies and keep urgent approvals explicit and traceable.
Read the noteMaking a procedure manual accessible and effective
Keep approved procedures current, teach them through actual operations and verify their use.
Read the noteReconciling the order, receipt and invoice
Use a fictional partial delivery to examine the payable amount and keep the outstanding order under review.
Read the noteERP benefits and limits for data reliability
Centralisation can reduce repeated entry, while reliable indicators still require complete records, suitable configuration and checks.
Read the noteResponsibilities and operational control in an ERP
Assign data production, checking and validation, and train users on documents and complete workflows.
Read the noteGrowing while keeping cash under control
Understand the operating cash cycle and prepare a rolling cash forecast from reliable receivables, inventory and supplier data.
Read the noteInternal control starts with clear responsibilities
Document who performs each control, the evidence required and how exceptions are reviewed.
Read the noteERP access rights and approvals should work together
Use a role matrix and test accounts to verify who can see data, perform actions and approve sensitive transactions.
Read the noteThe supplied texts and their English translations are available alongside the original prototype notes. Fictional examples remain identified as such.