Revenue Cycle Audit Simulator

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🎧 Listen to more in-depth episodes on Spotify! Interactive Revenue Cycle Audit Simulator

Revenue Cycle Audit Simulator

An Interactive Walkthrough of Sales, Cash Receipts, and Audit Procedures

Sales Transaction Flow

Follow a sales order from creation to accounting. Click each department to see key controls and audit tests.

1. Sales Dept.

Receives PO, prepares Sales Order.

2. Credit Dept.

Approves credit for the customer.

3. Shipping Dept.

Ships goods, prepares Bill of Lading.

4. Billing & A/R

Prepares invoice, records receivable.

Cash Receipts Flow

Follow a customer payment from receipt to the bank. Proper segregation of duties is critical here.

1. Mail Room

Opens mail, separates checks, prepares prelisting.

2. Cashier

Receives checks, prepares bank deposit.

3. A/R & Accounting

Updates subsidiary ledger and general ledger.

Key Audit Procedures & Assertions

Auditors perform specific tests to validate management's assertions about revenue and receivables. Click an assertion to see the related audit procedures.

Financial Controller · 해외법인 재무·회계 12년+ · USCPA 시험 합격(2016)

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