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Revenue - Coggle Diagram

- - - - by senior
      - regular review
      - References/credit check
- - - - sales orders
      - authorised customer
      - special authorization
    - - selling price
      - authorize credit notes
      - sequential numbering invoice/credit notes
  - - - Quantity, price
      - Trade discount, VAT
      - Calculation and addition
      - Posting to AR
    - - Evidence
      - authorized
      - entry in plant register
    - - Evidence
      - Authorization
      - Inv Record
      - Good return record
      - calculation and addition
      - posting to AR
    - - Dispatched record
      - invoices, credit note, inspect copies of those cancelled
      - order form
- - - - Prepare
      - Check
      - Safeguard
      - Review & Follow up overdue accounts
- - - - Recording of receipts received by post
        
        Safeguard to prevent interception of mail between receipt and opening
        
        Restrictive crossing
        
        Supervise mail
        
        Amounts received listed
        
        Post stamped with date of receipt
      - Recording of cash sales and collections
        
        Restriction on receipt of cash
        
        Evidence receipt of cash
        
        Serially numbered receipt form
        
        Cash registers incorporating sealed till rolls
        
        Emptying of cash offices and registers
        
        Agreement of cash collections with till rolls
        
        Agreement of cash collections with banking and records
        
        Investigatation of shortage and surplus
      - General controls over recording
        
        Limitation of duties of receiving cashiers
        
        Giving and recording of receipts
        
        retained copies
        
        Serially numbered receipts books
        
        Custody of receipt books
        
        Comparisions with cash records and bank paying in slips
      - Banking
        
        Daily bankings
        
        Comparison of paying-in slip against initial records and cash book
        
        banking of receipts intact/control
      - Safeguarding
        
        Restriction
        
        Opening new bank accounts
        
        payments out of cash received
        
        Access to cash registers and offices
        
        Issue of blank or bearer cheques
        
        preparation of cheques
        
        cash float
        
        limitation held
        
        independent check
        
        Safeguard
        
        mechanically signed cheques
        
        IOUs, cash in transit
        
        Custody
        
        Cash outside office hours
        
        supply and issue of chequies
        
        Insurance arrangements
        
        Bank reconcilliations
        
        bank statements
        
        by independent person
        
        Procedures
        
        treatment of longstanding unpresented cheques
        
        Sequence of cheque numbers
        
        Comparison with cash books
      - surprise cash counts
  - - - observe procedures for post opening
      - observe cheques received are crossed
      - items entered in the rough cash book trace entries to
        
        cash book
        
        Paying0in book
        
        counterfoil
      - Verify amounts received with remittance advices
    - - verify with till rolls
      - Checking to paying-in slip
      - verify that are banked daily
      - vouch expenditure out of takings
    - - Trace amounts to cash book
      - Check entries on cash sheet
      - Verify goods delivered