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What factors influence the reliability of data used in planning analytical procedures in the revenue cycle?

What factors influence the reliability of data used in planning analytical procedures in the revenue cycle?

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Answer #1

Revenue cycle is a type of cycle that define the functions related to administration and service that helps in the contribution of service revenue. It is a type of cycle that determines the journey of the profit from its growth or origin to its sale. This cycle starts with the delivery of product and ends when the payment is received.

Factors influencing the reliability of data used in planning analytical procedures in the revenue cycle are as follows:

1.

Having greater control and influence on the preparation of data.

2.

The data should be compared or distinguished easily.

3.

The nature, origin, and source of the information or data used should be available.

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