PPT-The Revenue Cycle: Sales to Cash Collections

Author : alexa-scheidler | Published Date : 2016-03-04

Chapter 12 12 1 Learning Objectives Describe the basic business activities and related information processing operations performed in the revenue cycle Discuss the

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The Revenue Cycle: Sales to Cash Collections: Transcript

Chapter 12 12 1 Learning Objectives Describe the basic business activities and related information processing operations performed in the revenue cycle Discuss the key decisions that need to be made in the revenue cycle and identify the information needed to make those decisions. Fundamentals. ®. How much do you know about . Freeport-McMoRan . Corporation’s. Key Success Measures. ?. Let’s find out!. Important Questions. 1 - How much Cash was on hand? . . . Sales to Cash Collections. Chapter 10. 1. FOSTER School of Business Acctg.320. Questions Addressed. . What are the basic business activities and data processing operations that are performed in the revenue cycle?. at the . time of collection. By: Jenna C., Alexa, Julia S., Melissa and Kristie . Collection of Cash. After goods or services are rendered, revenue is always recognized before or at the same time as cash payment.. The . Revenue . Cycle. COPYRIGHT © 2007 Thomson South-Western, a part of The Thomson Corporation. Thomson, the Star logo, and South-Western are trademarks used herein under license. . Objectives for Chapter 4. Chapter 12. 12-. 1. Learning Objectives. Describe the basic business activities and related information processing operations performed in the revenue cycle.. Discuss the key decisions that need to be made in the revenue cycle, and identify the information needed to make those decisions.. Ahmad Ismail. What is IAS 18 . Revenue?. Measurement of revenue. Recognition of revenue. Identification of transaction. Content. Income definition per framework :. Increases economic benefits. assets / liabilities. Assurance Services and the Integrity of Financial Reporting, 8. th. Edition. William C. Boynton. California Polytechnic State University at San Luis Obispo. Raymond N. Johnson. Portland State University. 1. Overview. 2. Data Packages. Evaluate current state and commit to areas of focus. Establish acceptable metrics. Routinely produce consistent, accurate data packages for review by departments and senior leadership. Corporate Financial Strategy. 4th edition. Dr Ruth Bender. Financial strategies over the life cycle: contents. Learning objectives. Life cycle model. Shake-out period. Portfolio matrix incorporating product life cycle . Revenue Cycle Best Practices in a Consumer’s World. Consulting and . Management. Institution name. Presenter name, title. E-mail address and phone number. Add in institution-specific information; delete all blue boxes throughout presentation.. PowerPoint Authors:. . Brandy Mackintosh. Lindsay . Heiser. Learning Objective 6-1. Distinguish among service, merchandising, and manufacturing. operations.. Operating Cycles. Operating Cycles. Sell. Collection/. Customer Support Process: Recording and Evaluating Revenue Process Activities. 10-. 2. When are Revenues Recognized?. When earned, regardless of when cash is received. Assume a December 31 year-end for the following examples.. Chapter 12. 12-. 1. Learning Objectives. Describe the basic business activities and related information processing operations performed in the revenue cycle.. Discuss the key decisions that need to be made in the revenue cycle, and identify the information needed to make those decisions.. Mini Exercises . Common . Transactions. Common . Transactions . (Model Answer). Balance . Sheet for a Start Up (1/2). Balance . Sheet for a Start Up (2/2). Balance . Sheet for a Start Up . (Model Answer).

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