Page 216 - F1 - AB Integrated Workbook STUDENT 2018-19

Chapter 14

1.2 Designing financial systems

Each system is made up of a series of procedures. The system designer
will need to first consider the objectives of the system, the required
outputs, and the likely inputs.

We will consider several key financial systems that operate within most
organisations.

 purchasing and sales

 payroll

 cash

 working capital management

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