[Solved] Describe organisational hierarchy and levels of authority for financial transactions

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[Solved] Describe organisational hierarchy and levels of authority for financial transactions

In this paper, you are asked to describe organisational hierarchy and levels of authority for financial transactions and organisational systems for sales invoicing, purchasing, payments, and receipts. Finally, you are required to describe the use of a purchase order, invoice, receipts, and expenses and present a clear structured report.  

Assessment Criteria: 

1.1 Describe organisational hierarchy and levels of authority for financial transactions 
1.2 Explain organisational systems for sales invoicing, purchasing, payments and receipts 
1.3 Describe the use of a purchase order, invoice, receipts and expenses