Chapter 4 The Revenue Cycle Objectives for Chapter 4 • Tasks performed in the revenue cycle‚ regardless of the technology used • The functional departments involved in revenue cycle activities and the flow of revenue transactions through the organization • The documents‚ journals‚ and accounts that provide audit trails‚ promote the maintenance of records‚ support decision making‚ and sustain financial reporting • Risks associated with the revenue cycle and the controls that reduce these risks
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The Innovators comment the innovators 1 The Google Enigma sented as a new model for business success. Reporters and scholars scour its history and its practices‚ looking to distill general lessons for other firms to copy. Google is no exception. Over the last two years‚ the workings of the company’s “idea factory‚” as Business Week describes it‚ have been dissected in cover stories in all the major business magazines‚ and business school professors have published studies documenting
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Pattern of revenue receipts on revenue account include revenue received in the form of tax and non-tax revenue. On the other hand‚receipts on capital account is composed of loans from themarket‚ aid received from external sources‚ small savings‚state and public provident funds‚ special deposits of nongovernmentprovident funds‚ and special securities. Thus‚the revenue receipts of the governments - centre and states– are part of revenue account and capital receipts are part ofcapital account.
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other facets of life. Along with attracting employees with wages‚ companies have expanded their fascination with irresistible benefits. Family-friendly policies such as telecommuting and career educational assistance are just a few of the offerings from current employers. Employers may offer a variety of exclusive benefits to improve the wellness of their employees. Benefits might include career-related‚ health promotion‚ and family-friendly benefits. Availability varies by occupation and geographic
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Why are some volcanoes more hazardous than others? There are several reasons that influence volcanic hazards‚ these include the viscosity of the magma‚ proximity to population centres‚ materials that are ejected from the volcano‚ the magnitude of the eruption and the plate margin that the volcano rests upon. The viscosity of the magma depends on 3 things‚ the temperature‚ dissolved gasses and the chemistry involved in the magma. These factors produce 2 main types of magma called acid and basic
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high value at moderate cost. When people feel like they are getting a good deal for their money‚ they are more likely to pay a higher cost. Quality is key. Starbucks has to maintain strict quality controls in its coffee sourcing as well as in its customer service and peripheral products to justify its costs. Differentiation Starbucks also spends a lot of time and energy differentiating itself from the competition. You can see this in the design of its coffee shops‚ the music played there and the types
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but have never been able to put together. No one in my family so far has gone to college. My mother‚ father‚ and sister have all gotten degrees online from community colleges. This is not a feat I am trying to undermine: they all worked very hard and earned their degrees. That being said‚ there is a huge difference between working on a degree from home and actually going to a college to study. A gigantic part of college that I think often gets overlooked or undermined is the social aspect. College
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together resources to achieve desired goals and outcomes 2. Produce goods and services efficiently 3. Facilitate innovation 4. Use modern manufacturing and information technologies 5. Adapt to and influence a changing environment (Google/Facebook‚ BP/Homeland‚ Security/Banks) 6. Create value for owners‚ customers and employees 7. Accommodate ongoing challenges of diversity‚ ethics‚ and the motivation and coordination of employees Types of Organizations * Non-Profit/Government/Crown
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Google‚ as an internet-based company founded in 1996‚ which has done a tremendous progress in the past 13 years‚ is particularly successful and innovative. In 2007‚ Google surpassed Microsoft as the most visited site on the Web (Kopytoff V‚ 2007). The company ’s influence on the Web is undeniable. Many would ask: How did Google manage to grow up from a nobody to a giant of internet-based companies in such a short time? The answer has much to do with one of the most important elements of Google ’s
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Women feel more pain than men‚ research shows (University of Bath) The common believe is‚ that women have better tolerance to pain than men‚ but recent researches prove different. In women eyes men tend to complain more and have little tolerance to pain. More so‚ when men complain about their headache or some other pain they are having the other sex response is disregardful. But surprisingly the truth is the opposite. Newly researches discovered that men have greater tolerance for pain than women and
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