Pbl Session 1

PBL Session 1: Revenue Cycle (50 marks) Part I: Cash admit System east Industries company Jason Scott has worked energetically for the bygone few months trying to document the major stemma info come downs at Eastern Industries Company. Upon completing his personal interviews with ash gray improvement clerks, Jason Scott asks you to develop a comprehensive document flow diagram for the cash good system. Jason Scott narrative of the system is as follows: Customer payments include cash received at the meter of purchase and grudge payments received in the mail. At daylights end, the financial officer endorses all check lynchpin prepargons a deposit sack for the checks and the cash. A clerk thusly deposits the checks, cash, and deposit slip at the local bank severally day. When checks are received as payment for accounts due, a remittal slip is included with the payment. The remittance slips are use to modify the accounts due file at the end of the day . The remittance slips are stored in a file drawer by date. every week, a cash acknowledge report and an aging customer report are generated from the selective information in the accounts receivable ledger. The cash pass on report is direct to the management. A reproduction of the aging customer report is move to the credit and collections department.

undeniable: a)Prepare a document flowchart to document the cash receipts system at Eastern Industries Company.(20 marks) b)Briefly explain the purpose of severally of the documents or reports listed on a lower floor used by Eastern Industries Company in its receipts cycle. i.Deposit slip. ii.Remittance slip. iii.! Cash receipts report. iv.Aging customer report. (8 marks) c)Describe two (2) possible threats under cash collections activities in the revenue cycle. (2 marks) (TOTAL: 30 MARKS) Part II: Cash know System and Sales Order Processing Ted bread producer Company . The procedure of handling cash receipts documents in Ted Baker Company begins with a mail clerk in the...If you indispensableness to get a full essay, order it on our website: BestEssayCheap.com

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