Page 106 - Audit Day 3 - Class Slides

THE ACQUISITIONS AND PAYMENTS CYCLE

OBJECTIVE OF THE TOPIC

• Chapter seeks to assist students in understanding

how revenue and receipts function.

• Systems vary considerably and therefore students

must apply their minds to different systems.

• Particular attention need to be given to

computerised systems.

• Computers do not change what is required of the

system, but how tasks are carried out.

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