Lapping of Accounts Receivable Is Least Likely to Occur When

question 67

True/False

Lapping of accounts receivable is least likely to occur when there is an inadequate segregation of duties.

---

Definitions:

Strategic Goals

Long-term objectives set by an organization, which guide its direction and strategic planning to achieve desired outcomes and fulfill its mission.

Management Function

The activities or tasks that managers engage in to plan, organize, lead, and control an organization towards achieving its objectives.

Sales Goals

Targets or objectives set for a sales team or individual sales representatives to achieve in a specified time frame.

Human Skills

The capabilities essential for effective interpersonal interactions, including communication, empathy, and the ability to work collaboratively.