Order ID:89JHGSJE83839 | Style:APA/MLA/Harvard/Chicago | Pages:5-10 |
Instructions:
Promotion and Pricing Strategies Essay Discussion
Examine the five (5) steps to managing accounts receivable. Speculate on the step that is most vulnerable to fraud. Suggest at least two (2) actions that a company can take in order to protect this step from fraud.
Please respond to peer posting: The five steps to managing accounts receivables according to our text are establish payment periods, monitor collections, determine to whom to extend credit, evaluate the liquidity of receivables, and accelerate cash receipts from receivables when necessary.
The step that I believe that is most vulnerable to fraud out of all the five steps is to determine whom to extend credit too. Determining whom to extend credit too is the most important, criteria factor of all this because you have to make sure everything is being credited to the right person.
All the other four steps mostly align with the action of control of the process before, during, and after, whereas determining the credit is the glue that holds it all together in my opinion.
Once the credit is made to whomever everything falls aligned and get released to that person and if it’s the wrong person then everything gets jeopardized including the company itself, which is why it is very important to determine in these fraud cases.
Two actions that I believe can be took to protect this step from fraud are possibly creating a third-party company of intensive interviewing of whomever is asking for credit. The interview process will allow extensive research and face to face contact with whomever asking for credit to be analyzed before receiving. Also, this will allow them to come to the table with legit documentation of whatever they may have showed them paying things on time or things that is showing good or improvement credit from to be a good candidate. People who commit fraud would probably be hesitate to go through this process whereas someone who has nothing to hide would be ready for it.
I would also suggest some type of on-line back ground check they would have to go through where only certain company members would have access to obtain and authorized before entering and proceeding with the process and go through all security questions and proof documentation. This will create more of a personal criterion a company can analyze from whomever before determining if the credit gets issued to whom.
Promotion and Pricing Strategies Essay Discussion
RUBRIC |
||||||
Excellent Quality 95-100%
|
Introduction
45-41 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Literature Support 91-84 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Methodology 58-53 points Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met. |
|||
Average Score 50-85% |
40-38 points More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided. |
83-76 points Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration. |
52-49 points Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met. |
|||
Poor Quality 0-45% |
37-1 points The background and/or significance are missing. No search history information is provided. |
75-1 points Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration. |
48-1 points There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met |
|||
You Can Also Place the Order at www.collegepaper.us/orders/ordernow or www.crucialessay.com/orders/ordernow
Promotion and Pricing Strategies Essay Discussion |
Promotion and Pricing Strategies Essay Discussion