Order to Cash process / cycle - a practical way to understand and audit the process easily.
Six years ago after clearing my CA Final examinations, I was desperately searching for some practical reference material and guidance for Internal Audits. Lots of information is available on the internet but practical experiences and tips were what I was looking for. Hence, I've created this video series for the global Internal Audit professionals.
I have shared Complete process from Order till Collection in English for your reference.
I hope that it would be useful for freshers who want to apply for jobs in Internal Audit or risk advisory want to increase their knowledgebase.
Topics covered:
1. Introduction
2. Pre-sales activities (Inquiry from customer, bid submission, negotiation)
3. Contracting and Customer Purchase Order (Payment terms, Credit limit, revenue recognition trigger, other T&Cs)
4. Sales Order (Customer Master, Price Master, Product Master)
5. Order fulfilment / delivery (Proof of Delivery (PoD), demurrage, etc.)
6. Discounts and Sales Incentives
7. Invoicing
8. Accounts Receivables (Bad debts, provision for doubtful debts, sale of receivables)
9 Some tips, IFRS 115 and O2C process for Service
10. Order Intake and Order Backlog
11. Sale Returns and Warranty
Link for P2P Cycle in English (Procure to Pay Cycle): [ Ссылка ]
Contact: +91 9990560436
LinkedIn:
Gaurav Goel: [ Ссылка ]
#GGspeaks #bigfour #EY #PwC #KPMG #Deloitte #InternalAudit
