TAILIEUCHUNG - Lecture Accounting information and reporting systems: Chapter 12 - A. Aseervatham, D. Ariandarajah

Chapter 12: The revenue cycle. In this chapter, you will learn: To learn about the revenue cycle business activities, to learn to flow chart the revenue cycle business activities, to understand the processing of the revenue cycle transactions using a computer, to know what the control practices and procedures are in the revenue cycle. | The revenue cycle Learning objectives To learn about the revenue cycle business activities. To learn to flow chart the revenue cycle business activities. To understand the processing of the revenue cycle transactions using a computer. To know what the control practices and procedures are in the revenue cycle. key terms balance forward method bill of lading billing cash on delivery credit limit cycle billing delivery note Goods and Services Tax open invoice method picking slip post-invoicing pre-invoicing remittance advice statement of accounts tax invoice terms of payment Revenue cycle Deals with transaction processing involved in selling goods or services Sales can be made for cash or on credit Revenue cycle business activities Main functions (cash sale): accepting customer requests for goods or services delivery of goods or services invoicing dealing with returned goods receiving and recording customer payments Revenue cycle business activities Additional functions (credit sale): approving credit and credit limits recording accounts receivable sending periodical statements to customers dealing with bad debts Revenue cycle business activities Categories of activities in revenue cycle: processing customer orders delivery/shipping invoicing accounts receivable ledger Processing customer orders Customer orders: accepting requests from customers preparing sales order Approving credit and credit limits: screening new customers setting maximum limit processing requests to increase limit periodic checks on existing customers Delivery/shipping of goods or providing a service Delivery/shipping of goods: receiving sales order preparing the dispatch order and delivery notes Providing a service: recording labour and materials used (job card) Invoicing and recording accounts receivable Details on sales invoice: invoice number name of supplier ABN date of invoice description of goods quantity of goods GST inclusive price discount allowed Terms 2/7 - 2% discount if account

• Kế toán - Kiểm toán
• Accounting Information
• Reporting Systems
• Accounting information system
• AIS super system
• The revenue cycle
• Customer orders
• Accounting information systems
• Lecture Accounting information systems
• Hệ thống thông tin kế toán
• Control information
• Information systems controls
• Financial Accounting
• Principles of financial accounting
• Accounting information systems
• Fundamental system principles
• Accounting systems
• Lecture Accounting information systems
• Production cycle
• Accounting system
• Human resources management
• General ledger
• Systems development life cycle
• AIS development strategies
• Systems design
• Using financial accounting information
• The annual report
• Processing accounting information
• Internal control
• Computer accounting
• System security
• Value of information
• Business process
• Business process cycles
• The accountant
• Information technology
• Documenting accounting information systems
• Data modeling
• Controls for information security
• Information security
• Trust services framework
• System reliability
• Report Accounting information system
• E Commerce business
• E commerce enterprise
• Risks in payment
• Security of customer information
• Accounting principles
• Fundamental accounting principles
• Lecture Fundamental accounting principles
• Technology based accounting systems
• Issues in financial accounting
• Kế toán tài chính
• Financial statements
• Accounting terminology
• Accounting cycle
• Cash collections
• Revenue cycle
• Expenditure cycle
• Cash disbursements
• Value chain
• Supply chain
• Decision structure
• Control frameworks
• Internal controls
• COBIT framework
• Information systems
• Transaction processing