How fraud in the cash receipt cycle occurs in an organization depends largely on the nature of the business and how the cash cycle operates. Unlike the expenditure cycle, the mechanics of the fraud scheme will vary by organization. For simplicity, the... 

In this plastic money era, any retailer refuses credit card payment will miss opportunity to increase their sales. As for any e-commerce, credit card payment is a must available. If you accept credit card payments and let your bank to involve in the payment... 

Bank reconciliations are prepared by bank depositors when they receive their monthly bank statements.  The reconciliation is made to determine any required adjustments to the cash balance.  Two types of reconciling items are possible: (1) Reconciling...