A critical control in the revenue cycle is the credit approval of a sales order before...

 

Transcribed Image Text:

A critical control in the revenue cycle is the credit approval of a sales order before it is processed and filled. 1. For proper segregation of duties, which department should perform this function? Why? (4 polnts) а. Describe the information needed by the appropriate department to perform this function. (4 points) b. Credit Decision on a New Customer: Credit Decision on an Order from an Existing Customer: Describe the primary operational objective of the credit approval process. What is the risk to the company's operations (not accounting) that the credit approval control is attempting to reduce? (2 points) C. A critical control in the revenue cycle is the credit approval of a sales order before it is processed and filled. 1. For proper segregation of duties, which department should perform this function? Why? (4 polnts) а. Describe the information needed by the appropriate department to perform this function. (4 points) b. Credit Decision on a New Customer: Credit Decision on an Order from an Existing Customer: Describe the primary operational objective of the credit approval process. What is the risk to the company's operations (not accounting) that the credit approval control is attempting to reduce? (2 points) C.

Answer rating: 100% (QA)

Solution a Credit Control Department other than France or Sales and Marketing De... View the full answer