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Analytics mindset Peach State University Hotel Revenue Part Ih: Understand the relationship between revenue and cash using journal entries Using the Balance sheet analysis, we

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Analytics mindset Peach State University Hotel Revenue Part Ih: Understand the relationship between revenue and cash using journal entries Using the Balance sheet analysis, we identified significant cash accounts to use for the revenue analysis based on the expected double-entry relationship between revenue to cash. Based on our understanding of the revenue class of transactions, we set a general expectation of the double-entry relationship between revenue to cash and use the Dimension analysis to identify and evaluate postings between revenue and cash to determine whether the entries agree with our expectations or whether additional risk is present. Required: Identify and evaluate postings between revenue and cash using the Dimension analysis. What was the total amount of credit postings to all revenue accounts in FY16 based on your known revenue sources? Note that the degree of disaggregation (which may filter out extraneous activity) directly affects the quality of evidence we can obtain from this analysis. What was the total amount of credit postings to all revenue accounts in FY16 originating from the Credit Card Receipt source? If all of these were valid sales, how much cash would you expect to be posted from this source for the year (assuming there were no un-accrued collection or posting lags)? What was the total amount of debit postings to cash in FY16 originating from the Credit Card Receipt source? If the debits to cash did not equal the credits to revenue, explain why this might be. Answer these same four questions for the Cash Receipts source. Confirm your expectation of the timing of the revenue collected as cash based on the entity's collection policies and other information

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