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DRESS ACE INC.

REVENUE CYCLE

PRESENTED BY:
BILLY ADMIRALDY
OMAR SHAZAKI
PRADIPTA FAIKAR HAKIM
WININDA N. APRIYANTI
Case Dress Ace Revenue Cycle

DRESS
AC
E!
CURRENT ORGANIZATIONAL STRUCTURE 3

Owner/Manage
r

Secretary/Book
Designer Shipper Cutter
keeper
Case Dress Ace Revenue Cycle
Case Dress Ace Revenue Cycle
Case Dress Ace Revenue Cycle
Case Dress Ace Revenue Cycle
FIGURE 1
Case Dress Ace Revenue Cycle
a) Identify problems and deficiencies in
the current Revenue Processing
System. Suggest improvements and
internal controls that are needed.
THE DEFICIENCIES AND SUGGESTED CONTROLS (1) 10

Problem/deficiency Threat Suggested Control


There is no verification of the
Fake/false Verification of orders to the
Purchase Orders to the
orders customers
customers
Comparing Order Form
There is no shipping Filled Out/Sales Order (SO)
documents/delivery order (DO) and Shipping document
Failure to bill
when orders have been (DO) prior billing
delivered to the customers (independent check on
performance)
Invoices were accumulated at
the end of the week before
entered into the sales journal Billing error Data entry on a daily basis
and the accounts receivable
ledger
THE DEFICIENCIES AND SUGGESTED CONTROLS (2) 11

Problem/deficiency Threat Suggested Control


Bookkeeper prepared Theft of cash Segregation of dutiesthe
the deposited slip and person who handles
also recorded it to the (deposits) payments from
ledger customers should not also
post remittances to
customer accounts. Thus,
we suggest that there is an
additional employee who
acts as finance to prepare
the deposited slip.

No supervisor in the Theft of inventory Require a person who
storage supervise the inventory
THE DEFICIENCIES AND SUGGESTED CONTROLS (3) 12

Problem/deficiency Threat Suggested Control


The firms cost of sales was Stock-outs or Perpetual inventory control
calculated by conducting a excess of system
physical count of the inventory inventory
at the year-end and deducting
the value as determined from
the sum of the inventory at the
start of the year and the
purchases made in the course
of it
b) Draw a data flow diagram and a flow
chart of the improved system based
on your suggestions in point a)
CONTEXT DIAGRAM: REVENUE CYCLE 14
LEVEL 0 DATA FLOW DIAGRAM: REVENUE CYCLE 15
FLOWCHART: REVENUE CYCLE SALES ORDER & SHIPPING 16
FLOWCHART: REVENUE CYCLE BILLING & CASH COLLECTION 17
Thank You