CHAPTER Four The Revenue Cycle
CHAPTER Four The Revenue Cycle to accommodate both teaching styles. Following is a review of manual systems. You may, however, without loss of technical content, bypass this material and go directly to computer-based accounting systems located on page one hundred seventy-seven.
Manual Systems
Manual Systems
The purpose of this section is to support the system concepts presented in the previous section with models depicting people, organizational units, and physical documents and files. This section should help you envision the segregation of duties and independent verifications, which are essential to effective internal control regardless of the technology in place. In addition, we highlight inefficiencies intrinsic to manual systems, which gave rise to modern systems using improved technologies.