O2C Process - Part 1 || Practical Understanding of Order to Cash Cycle for Internal Auditors || Eng

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

Contact: [phone]

LinkedIn:

#GGspeaks #bigfour #EY #PwC #KPMG #Deloitte #InternalAudit

[vishalseth]

Hello Gaurav..Nice to hear from you on some important business process its cycle and requirements. Just want to ask from you that are you planning to make some more videos like you said part 2 on OTC, PTP etc?, Also expecting some more Insite from you on PTM (plan to make) and PTV (Portfolio Mgmt)..Thanks, Vishal

[mayankjain]

Thanks for the amazing insights sir

I have one query
That can someone get into INTERNAL AUDIT even if we don’t have any prior experience during our articleship??