Answer Question 1-6

(1) Describe the basic revenue cycle activities. 20pts (2) Describe five threats in the revenue cycle and identify appropriate controls for each threat. 10pts (3) Discuss ways in which technology can be used to streamline cash collections. 10pts (4) What types of decision-making and strategic information should the AIS provide in the expenditure cycle? 20pts (5) Identify ten threats and applicable control procedures in the expenditure cycle. 10pts (6) Discuss the differences between EOQ, MRP, and JIT