PPT-Revenue & Receipts Cycle –

Internal Controls amp Test of Controls References Internal control knowledge International Standard on Auditing ISA 315 amp330 Identifying and assessing the risks of material . Presented by: Stephanie Kontour. Accounts Payable/Travel Accounting Tech. Email: . stephanie.kontour@unco.edu. Phone: 970-351-2387. IRS ACCOUNTABLE PLAN. The IRS accountable plan is nontaxable if: . There is a business connection to the expenditures. Presented by:. MS. GLORY JANE H. BRIONES. Revenue Officer. Revenue District No. 112, . Tagum. City. Legal Basis. . Section 236 of the 1997 Tax Code. . Relevant Revenue Issuances. . RR 11-2008 dated Aug. 15, 2008. 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.. Revenue Deposits. Financial Affairs. Office of the Bursar. Purpose. Establish/Document procedures for processing Revenue . receipts.. Provide accurate and secure receipting, processing, and reporting of revenue . Internal Controls & Test of Controls. References. Internal control knowledge . . International Standard on Auditing (ISA) . 315 &330. “Identifying and . assessing . the . risks . of . material . Denition :Anr-cycleisdenotedby(i1i2:::ir):Example :11=(1)1cycle1212=(1)1cycle1221=(12)2cycle123321=(13)2cycle123231=(123)3cycle12344312=(1423)4cycle1234535421=(13425)5cycle12345 SUBSTANTIVE PROCEDURES. . - Transactions & Events. References. Learning . Outcomes. Understand the financial statement . assertions. that are applicable to . transactions and events in the cycle.. . Revenue validation. Agenda. Revenue Validation Overview. Revenue . Validation Process. .. Apple - App Store Configuration. Transaction Event. QA. Data Structure. Queries / Segments / Filters . Questions….. Day 3. Unearned Revenue. Payment collected but service to be done in the future. Ex: Expedia flight tickets, Ticketmaster, Gift cards, warranties on products/services, gym memberships. Revenue is allocated to the fiscal period in which it was actually earned. Presented by:. MS. GLORY JANE H. BRIONES. Revenue Officer. Revenue District No. 112, . Tagum. City. Legal Basis. . Section 236 of the 1997 Tax Code. . Relevant Revenue Issuances. . RR 11-2008 dated Aug. 15, 2008. Management . Improvement Project. Robert F. Ambach, SVP Finance & Administration. Peter E. . Landgren. , SVP for Academic Affairs and Interim Provost. Online Booking. Online . Request & approval. When goods that were ordered using a Purchase Order (PO) are physically received in the department or contractual services ordered on a PO have been performed, you should go into OMNI Financials to process a receipt for the goods and/or services. Agenda. Overview of Concur. Setting up your profile. Creating expense reports. P-Card . and out-of-pocket expenses. How to capture receipts. The . delegate process. Approving reports. Getting help. Benefits of Concur. 149 Gross Sales and Use 118 above forGross Ineivieual Incone 294 acove for149Gross Corporate Income149Gross Miscellaneous 45 above forFebruary Tax Refunds Tax refunes for Fecruary were 169