Accounting Information Systems (AIS)
Cash Collection process:
I. Process customer payment and update their account balance
• Remittance
II. Deposit payments to the bank
CASH COLLECTION PROCESS
Chapter 13 The expenditure cycle: purchasing to cash disbursements
The expenditure cycle is a recurring set of business activities and related information processing
operations associated with the purchase of and payment for goods and services.
The basic expenditure cycle activities are:
- Order materials, supplies, and services
- Receive materials, supplies, and services
- Approve supplier (vendor) invoice
GENERAL THREATS AND CONTROLS
Page 23 of 25
Cash Collection process:
I. Process customer payment and update their account balance
• Remittance
II. Deposit payments to the bank
CASH COLLECTION PROCESS
Chapter 13 The expenditure cycle: purchasing to cash disbursements
The expenditure cycle is a recurring set of business activities and related information processing
operations associated with the purchase of and payment for goods and services.
The basic expenditure cycle activities are:
- Order materials, supplies, and services
- Receive materials, supplies, and services
- Approve supplier (vendor) invoice
GENERAL THREATS AND CONTROLS
Page 23 of 25
