What is eft and how does its use control cash and cash flow


Discussion Post

• Threats in the Revenue Cycle

o What is an EFT and how does its use control cash and cash flow? What technology is necessary to utilize EFT's?

• Threats in the Expenditure Cycle:

o What is a procurement card? In what business environment is its use most useful?

o What special controls on the cards are necessary to make the procedure work?

The response should include a reference list. One-inch margins, Using Times New Roman 12 pnt font, double-space and APA style of writing and citations.

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Financial Accounting: What is eft and how does its use control cash and cash flow
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