Chapter 4 The Revenue Cycle Objectives for Chapter 4 • Tasks performed in the revenue cycle‚ regardless of the technology used • The functional departments involved in revenue cycle activities and the flow of revenue transactions through the organization • The documents‚ journals‚ and accounts that provide audit trails‚ promote the maintenance of records‚ support decision making‚ and sustain financial reporting • Risks associated with the revenue cycle and the controls that reduce these risks
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Apollo Revenue Cycle Flowchart Flow Chart 1. Sales order documents are not prenumbered‚ and kept in a busy sales clerk area. 2. Customer order is attached if one was received. 3. Sales invoice are pernumbered‚ and kept in a locked closet; removed only for billing clerk use 4. Bills of lading are pernumbered and kept in the shipping department. 5. Sales order forms are not prenumbered and kept in the salesclerks working area‚ many people pass through. 6. Credit manager is
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Revenue Cycle Education Improvement Strategies Presented by: Colleen Malmgren‚ MS‚ RHIA Fairview Health Services cmalmgrl @fairview.org Definition of Revenue Cycle All administrative and clinical functions that contribute to the capture‚ management and collection of patient service revenue *HFMA Scheduling/Registration Health Info Mgmt Case Management Pt Financial Srvcs Charge Capture Revenue Audit Chargemaster Establish Performance Indicators Establish measures that go beyond Accounts receivable
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TEST OF CONTROLS – REVENUE TRANSACTIONS |Audit Objective |Audit procedure |Findings | |General | | | |Validity |Observe
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Afghanistan by India; Iran nuclear program‚ Kashmir Issue‚ Sports: FIFA world Cup‚ Hockey World Cup 2010‚ Olympic Games 2010‚ Common Wealth Games‚ Asian games‚ Issue of Match Fixing on Pakistan Cricket team‚ and wait for many more from other members also __________________ Anyone who thinks the sky is the limit‚ has limited imagination1. The secretary general of UNO is currently Ban Ki-moon 2. The current US Secretary of the State is Hillary Clinton 3. Vice President of the United
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“The More You Read‚ The More You Know.” by Clody Lorenzo Glorioso III We‚ human beings‚ are born with intellect and understanding. We are created with a brain that helps us think and imagine. We are so blessed that we have this kind of gift from above. So‚ the question is‚ if we are given with this intelligence‚ why do we need books? A book is as important as our brain. Like our brain‚ it helps us understand things. But‚ our brain has limitations. We can only comprehend what our senses
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ACCOUNTANCY ON-THE-JOB TRAINING/INTERNSHIP MANUAL Dr. Cristina G. Gallato September 2012 Preface On-the-job Training (OJT) or Internship is a capstone course intended to expose the students to the real world of work. Aside from honing their knowledge‚ skills and attitudes along their chosen field of specialization‚ it also seeks to prepare them for their future work or employment. The College of Accountancy has integrated OJT/Internship in the BSA and BSFMA programs. Accountancy
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3. The Revenue Cycle The revenue cycle is a set of four business activities: Sales order entry‚ shipping‚ billing and cash collections. To each of these activities there are related administrative organisational activities. It is all associated with providing the goods and services of a company to their customers and collecting the payments for these sales. Information about the revenue cycle activities also flows to the other accounting cycles which are: the expenditure cycle‚ the production
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To: Date: 13/6/13 Strengths and weaknesses I have a number of key strengths that are contributive to working as a competent manager. I have sound logic‚ am diplomatic and disciplined and approach social situations with an open mind and an eagerness to understand. While all of these are personal traits‚ undoubtedly they
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Now You See Me Don Nguyen Speech 1318-305: Interpersonal Communication May 3‚ 2014 I have chosen a movie called “Now You See Me” for the analysis assignment. I have picked this particular movie because I really liked it. It had kept me guessing throughout the entire movie. I enjoy watching movies that will keep you guessing until the end just like this particular one. “Now You See Me” is the movie that I have selected. The primary stars are: Daniel Atlas played by Jesse Eisenberg‚ Merritt
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