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Credit control is a critical system of control that prevents the business from becoming illiquid due to improper and un-coordinated issuance of credit to customers. Credit control has a number of sections that include - credit approval, credit limit approval, dispatch approvals as well as collection process.
Credit management is the process of granting credit, setting the terms on which it is granted, recovering this credit when it is due, and ensuring compliance with company credit policy, among other credit related functions.
Financial management is the business function concerned with profitability, expenses, cash and credit. These are often grouped together under the rubric of maximizing the value of the firm for stockholders.
The auditor must test entity-level controls that are important to the auditor's conclusion about whether the company has effective internal control over financial reporting. Depending on the auditor's evaluation of the effectiveness of the entity-level controls, the auditor can increase or decrease the amount of testing that they will perform.
The aim of studying cash conversion cycle and its calculation is to change the policies relating to credit purchase and credit sales. The standard of payment of credit purchase or getting cash from debtors can be changed on the basis of reports of cash conversion cycle. If it tells good cash liquidity position, past credit policies can be ...
A 17-year-old cheerleader from California was stabbed to death just days before Christmas — and police say they've arrested an "acquaintance" in connection with the case.
You control the amount of feed and the feeding times of up to 12 chickens. It comes with a waterproof cover and an anti-mouse net, which keep feed fresh and pest-free. Purchase this must-have ...
The description boasts, "Carefully designed with your cats' well-being in mind, this Christmas Tree Cat Scratcher incorporates safe, non-toxic materials, and is tightly wrapped with high-quality ...