What Elements Need to Be Proved to Establish Each Type

question 11

Essay

What elements need to be proved to establish each type of fraud?

---

Definitions:

Accounts Receivable

Funds that customers have yet to pay to a company for products or services that have already been provided or consumed.

Receivables Management

The process of managing the money owed to a business by its customers, aiming to ensure timely collection of outstanding invoices to maintain cash flow.

Accounts Receivable

Represents the money due to a company for goods or services that have been delivered or used but not yet paid for by customers.

DSO

DSO (Days Sales Outstanding) is a financial metric that calculates the average number of days it takes for a company to collect payments after a sale has been made.