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20 Cards in this Set
- Front
- Back
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Revenue: Sales order entry |
Creditworthy? Inventory availability? |
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Revenue: Shipping |
Did we ship correctly? Valid order? Outsource or not? |
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Revenue: Invoicing |
Did we bill correctly? |
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Revenue: Cash receipts |
Lockbox or not? |
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Expenditure/Production: Purchase requisition |
Do we need it? Can we afford it? |
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Expenditure/Production: Purchasing |
Vendor? How many? |
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Expenditure/Production: Receiving |
Valid order or not? Quality of goods? |
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Expenditure: A/P & Receipt of Invoice |
Did we get billed correctly? |
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Expenditure: Cash disbursements |
Prompt payment discount? |
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Human resources: Update payroll master file |
Can we afford to hire? Who should we hire? |
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Human resources: Update tax rates & deductions |
Are we in compliance? |
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Human resources: Validate time and attendance
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Are the reported hours valid? |
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Human resources: Run payroll |
Is hours x rates correct? Are deductions correct? |
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Human resources: Disburse payroll |
Direct deposit? |
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Human resources: Calculate payroll-related obligations |
Are we in compliance? |
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Human resources: Disburse payroll-related obligations |
Are we in compliance? Did we pay in time? |
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Revenue cycle: Key objectives |
Validity Completeness Timeliness Valuation Classification |
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Expenditure cycle: Key objectives |
Validity Authorization |
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HR Cycle: Key objectives |
Validity Completeness Authorization |
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Production cycle: Key objectives |
Validity Completeness |
