What Is Revenue Cycle In Accounting Information Systems
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Tasks performed in the revenue cycle regardless of the technology used functional departments in the revenue cycle and the flow of revenue transactions through the organization documents journals and accounts needed for audit trails records decision making and financial reporting risks associated.
What is revenue cycle in accounting information systems. Obviously this assumption is not valid for all types of business enterprises. Revenue cycle in accounting information system free download as powerpoint presentation ppt pptx pdf file pdf text file txt or view presentation slides online. The revenue cycle systems that we have examined so far are used by organizations that extend credit to their customers. A computerized system can give you information much faster than any manual accounting can making it a valuable tool in managing cash and inventory levels.
The revenue cycle is one of many processes used in an effective accounting information system ais. For example grocery stores do not usually function in this way. Revenue cycle ais 1.
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