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This extension of the Ventura Vehicle Acquisition Cycle adds commitments, leasing, and purchase return functionality. It also addresses accounting reporting and control issues such as authorization of purchases, segregation of duties, and timely recording of liabilities.
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Ventura Vehicle~ Acquisition Cycle ~ Team Alpha Cathy Cui Steve
Extension 1 – add commitments Economic Contract Commitment to Delivery Commitment to Pay
Accounting reporting & control issues • Authorization of purchases • Segregation of duties • Timely recording of the liability for acquisitions