Posted: January 28th, 2022

Scenario essay

Module 01 Content material
The primary a part of your course challenge is predicated on the next situation:

XYZ Applied sciences has just lately contracted ABC Development to construct a brand new manufacturing plant simply outdoors of city. The development firm has gone by way of all of the authorized steps and processes that XYZ has requested of them and is presently listed as a vendor in XYZ’s accounting system. The first contact has been Tom Smallie and his e mail is tsmallie@abc.com. Shortly after the bottom breaking, XYZ finance receives the next e mail communication:
From: Joanne Tilly jtilly@abcconst.com
To: XYZ Finance

Topic: Financial institution Account Data

ABC Development has just lately modified banks and wish to replace their checking account data.
What’s the course of for altering this data?

Sincerely,
Joanne

XYZ Finance responded to this with the next e mail communication:

From: XYZ Finance
To: Joanne Tilly jtilly@abcconst.com

Topic: Re: Financial institution Account Data

Attachment: Bank_Account_Update_From.pdf

Merely embody the brand new checking account data into the connected type and we will likely be pleased to course of
this alteration for you

Thank You,
XYZ Finance Crew

A couple of days later, the XYZ Finance crew receives the shape with the checking account data. This data is then up to date within the monetary system.
Months Later, the ultimate inspection for the brand new facility was accredited and ABC Development submits their bill for the work that was accomplished. The ultimate quantity is $450,000. Due to the quantity, and the sum of money that has been tied up with ABC Development, they’re desirous to obtain cost on this bill they usually contact XYZ about twice per week to examine the standing. Then about three weeks later, ABC contacts XYZ to examine the standing of the cost and XYZ lets them realize it was paid the day prior. ABC checks with their financial institution and they don’t have a pending deposit. They alert XYZ about this they usually confirm the financial institution data solely to seek out that that is incorrect.
Fortuitously for XYZ this was solely a day later, and the cash has not left their account, they had been in a position to cease the cost, and alert the authorities. ABC Development receives their cost, and every little thing is resolved. Or is it?
On this a part of your challenge task, present an Assessment of the incident that addresses the next:
Discover the precise location the place there was a breakdown within the course of and determine a technique of remediation for this course of.
Generate no less than two extra course of modifications the place XYZ can enhance their cost processing.
Embrace an introduction, rationale for the change, degree of affect Assessment, and abstract.
Lastly use an expert tone and vocabulary, APA format, and correct spelling and grammar.
Submit your accomplished task by following the instructions linked beneath. Please examine the Course Calendar for particular due dates.
Save your task as a Microsoft Phrase doc. (Mac customers, please keep in mind to append the “.docx” extension to the filename.) The title of the file must be your first preliminary and final title, adopted by an underscore and the title of the task, and an underscore and the date. An instance is proven beneath:
Jstudent_exampleproblem_101504

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