For each of the following questions, use alternative sources to supplement facts from the text to support your answers. Please provide references for any source used.

1. Describe the revenue and collection cycle, including typical source documents.

2. Identify significant accounts and relevant assertions related to the revenue and collection cycle.

3. Identify important internal control activities present in a properly designed system to mitigate the risk of material misstatements for each relevant assertion in the revenue and collection cycle.

4. Give examples of tests of controls to test the operating effectiveness of internal controls in the revenue and collection cycle.

5. Give examples of substantive procedures in the revenue and collection cycle and relate them to assertions about significant account balances at the end of the period.