Auditing Revenue and Cycle Homework Help

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Being a part of financial audit, in auditing revenue and cycle an auditor recognizes the perils related to revenue cycles and hence deals with the solutions to avoid scams and frauds. Collection and sales are the two important aspects looked when a company procedure takes place. In this article for auditing revenue and cycle homework help we discuss all about it.

Explaining the Auditing revenue and cycle

The Auditing revenue and cycle is responsible for finding the existence of non compliance in the revenue cycle information collection practice. Proper suggestions on coding the paperwork along with better information collection are done, if any anomalies are found. In this Auditing revenue and cycle homework help article a few activities are incorporated such as

• Recommendations and permission
• Insurance coverage confirmation and task
• Charging
• Coding
• Receivable follow-ups etc.

Our Auditing revenue and cycle homework help article writers suggest that this is a two part procedure:
1. First step is to sample and test the revenue accounts that have been declared.
2. The second is to sample and test the balance sheet accounts along with their propositions.

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Types of cycles

There are 5 types of cycles listed by our Auditing revenue and cycle homework help team. They are

1. Sales and collection cycle
2. Payment and acquisition cycle
3. Payroll and worker cycle
4. Stock and warehousing cycle
5. Payment and capital acquisition cycle

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Summary