Business Finance Homework Help

The revenue cycle is comprised of four main activities:

1. Sales order entry
2. Shipping
3. Billing
4. Cash collections

We’ve talked a lot about segregation of duties over the past few weeks, but now we get to apply this concept to a particular business process. Given the main activities of the revenue cycle, class, why is segregation of duties so important in securing transactions in the revenue cycle?

Please share your thoughts here!