Revenue and Receipts Cycle Flashcards by Cara Grobler

Q

what are the Stages in the cycle?

A

Accepting and Processing orders (Initiation)
Granting Credit
Dispatching Good (execution)
Invoicing and Recording (Processing)
Receiving and Recording Payments
Bank Recon and Final Review

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Q

What are the risks in the Accepting and order processing stage?

A

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