Page 5 - Chapter 11 - The Acquisitions And Payments Cycle
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THE ACQUISITIONS AND PAYMENTS CYCLE




            RISKS WITHIN THE CYCLE




            • The primary objective of managing risks is to


                ensure that cycle activities are  valid, accurate


                and complete.




            • Develop a skill of applying your mind to facts/


                scenarios and always ask yourself “what


                could go wrong…”




            • When analysing questions, develop the skill of


                splitting info into different functional areas.



            • Will assist in scoring marks







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