Documente Academic
Documente Profesional
Documente Cultură
Inc.
Revenue Cycle
1 Client's Purchase
Sales Order Entry Sales Representative will accept?
Order/Customer Order
Sales Order Entry 2 Approved Purchase Order Acctg department will approve?
Job Order.
Delivery receipt
O.R. Acctg
No. of Copies Where the individual copies end up Entry Made Should be Entry
3 (1) Client (2) Acctg (3) filing (dr) Cash (cr) A/R
By whom: Remarks
The billing/accounts
receivable function should
not have physical access to
cash or checks.
1. Incomplete or
inaccurate customer Data entry edit checks
orders
Signatures on paper
3. Legitimacy of documents; digital
orders signatures and digital
certificates for e-business
Applicable Control
Threat Procedures
1. Shipping errors:
Reconciliation of sales
•Wrong merchandise order with picking ticket
and packing slip; bar
•Wrong quantities code scanners; data entry
application controls
•Wrong address
Restrict physical access to
Shipping inventory;
Documentation of all
internal transfers of
2. Theft of inventory inventory; periodic
physical counts of
inventory and
reconciliation of counts
of recorded amounts
Threat Applicable Control
Procedures
1. Failure to bill Separation of shipping
customers and billing functions;
Prenumbering of all
shipping documents and
periodic reconciliation to
invoices; reconciliation of
picking tickets and bills of
lading with sales orders
Billing and
Accounts
Receivable