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The Objectives for Existense are:Objective #1: verify all recorded inventory transactions were received (and are...

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Accounting

The Objectives for Existense are:Objective #1: verify all recorded inventory transactions were received (and are valid) and the inventory balance exists
Procedure #1a: Check Receiving Reports against Purchase orders
Procedure #2b: Verify Inventory Balance
Objective #2: Verify all recorded Accounts payable transactions were incurred (are valid) and the accounts payable balance exists.
Procedure #2a: Match Invoices to Received Items
Procedure #2b: Verify Accounts Payable Balance
**side note: I know what tests to run on alteryx but I dont know what formulars or how to do it on alteryx. I need help on what fomrulas to use and how to imput the stuff on alteryx**
Fig. 2 Expenditure Conceptual View
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