PPT-The Revenue Cycle: Sales to Cash Collections

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. Types and Evaluation. Gary Schnitkey and Ryan Batts. University of Illinois. Motivation. General movement from share (. the “perfect” risk sharing lease. ) to cash rent. Land owners view share leases as complex. 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. Denition :Anr-cycleisdenotedby(i1i2:::ir):Example :11=(1)1cycle1212=(1)1cycle1221=(12)2cycle123321=(13)2cycle123231=(123)3cycle12344312=(1423)4cycle1234535421=(13425)5cycle12345 About Me. Founding Director at Netsend. Providing outbound e-billing services since 2005. Up-close experience of working with Shared Service Centres throughout Europe & US.. Non-executive Director of the Association of International Credit Directors. 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. Beth Parry. Common sense. Stubbornness. Luck. Background:. FIL conference 2012. Mainly Yes. No - short loan/ref. . - microfilm. - video/DVD. . - electronic (licence). . - Special Collections . Cash Handling Cash Handling Policies and Procedures Cash Currency , coin, checks, money orders, travelers checks, credit cards, or debit cards. Cash Collection Centers Notify Controller if your department begins handling cash. Departments should not accept payments by currency without prior approval of the Controller’s Office. 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.. Confirmation Session. June 6, . 2019. Agenda. FDM Overview. What . is a Confirmation Session. ?. What is a Cash Sale, Customer Invoice, and Internal Service Delivery?. Benefits. Workflow. Demo of Configuration of Business Processes. The Revenue Cycle: 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? What decisions