Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. subject : accounting information systemquestion :

Subject : Accounting Information SystemQuestion : The revenue cycle affects the bottom line of...

80.2K

Verified Solution

Question

Accounting

Subject : Accounting Information System

Question : The revenue cycle affects the bottom line of thebusiness critically. Hence, there are many threats that couldderail a successful cycle. Describe 5 threats that may hinder thissequence and its compensating controls for each threat.

Answer & Explanation Solved by verified expert
4.2 Ratings (538 Votes)
1 Sales to customers with poor credit What good sales can do if they are not able to generate cash flows and all the more turn Bad the company wouldnt able to materialise any revenue if the client has a poor track record and isunable to pay Controls Having an independent credit approval function and maintaining good customer accounting can help to prevent problems 2Stockouts carrying costs and markdowns are a threat in the sales order entry process The problem with stockouts is that when goods are not    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

In: AccountingSubject : Accounting Information SystemQuestion : The revenue cycle affects the bottom line of the...Subject : Accounting Information SystemQuestion : The revenue cycle affects the bottom line of thebusiness critically. Hence, there are many threats that couldderail a successful cycle. Describe 5 threats that may hinder thissequence and its compensating controls for each threat.

Other questions asked by students

Q

a) The worksheet \"Counts8Year\" provides the number Top30 TV shows aired on each network by year....

Basic Math
Q

A shell is fired from a gun at an angle of 30 degrees to the horizon....

Physics
Q

Solano Company has sales of $820,000, cost of goods sold of $530,000, other operating expenses of...

Accounting
Q

According to Masterfoods, the company that manufactures M&M's, 12% of peanut M&M's are brown, 15%...

Basic Math
Q

A 3x3 matrix has eigenvalues (3, 2, 1) and (1, 1, 1). Is the matrix...

Algebra
Q

Flint Possible inc. (FP) is a...

Accounting
Q

Question 5 of 5 Current Attempt in Progress Bramble...

Accounting
Q

June 1 the board of directors of Sunset, Inc declared a $0.60 per share dividend,...

Accounting
Q

dujusted year-end trial balance at December 31, 2018, of Wilso Company. 30 points. Account Title...

Accounting
Q

Henderson Co. has fixed costs of $21,000 and a contribution margin ratio of 24%. If...

Accounting
Q

The stockholders' equity section of Clay Corporation's balance sheet consists of the following amounts: Common...

Accounting
Q

Select the financial statement on which the user would most likely find the answer to...

Accounting