Page 5 - PowerPoint Presentation
P. 5

REVENUE AND RECEIPTS CYCLE


            RISKS WITHIN THE CYCLE





            • The primary objective of managing risks is to



                ensure that what is 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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