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Former Member
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Q,1 what is the Business process in FI,( in this question for my answer we say the Business process in my client). is it worng or I dont know.

2nd one: What is the Business process in Co.

plz let me clarrify this one FI business process,and Co business process.

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
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Taking an example of payment against a PO teh business process is

PO>GRN>Invoice verification-->Payment

W.r.f to Down payment Down payment request-->down payment.

Taking an example of CO

Preparing Standard cost estimate >MArking and releasing standrad cost estimate> Colecting Actial costs>distributing/assessing Actual costs>Activity Allocations> Arriving at Variances>Settlement of variances.

Reward if useful.

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Answers (1)

Answers (1)

Former Member
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Hi

1) what is the Business process in FI,( in this question for my answer we say the Business process in my client). is it worng or I dont know.

If they ask about the Business process in your client you can tell that.....simply if they ask Business process , tell about the GL, AR, AP,AA including your client processess - don't start directly with the clients process.

2nd one: What is the Business process in Co.

How the controlling, comparison & reporting of the overheads happening.....

plz let me clarrify this one FI business process,and Co business process

FI - Salary - Some companies pays salary in the same month on the last day : it is a expenditure incurred in that month, Some companies pays in the next month : it is a outstanding expenditure.

CO - Using Direct Costing / Marginal Costing for reporting purpose .

VVR