Company’s revenue cycle operations

Ergon plc was a Cambridge-based UK listed company. During the late 1990s the company produced digital positioning equipment for the global transportation sector, especially the merchant navy. The company’s products were sold throughout Europe, North America, Australia and Canada, and were widely regarded as the best in the market. Indeed during the period 1993 to 2003 the company’s digital positioning equipment consistently won high praise for both its design and capabilities.

In January 2004, however, Ergon plc went into liquidation, with reported debts of £230m. In March 2005, after extensive investigation, the company receivers, Hop wind LLP, published its findings on the failure of Ergon plc. The report suggested that the principal cause of Ergon plc’s failure had been inadequate internal control within the company’s revenue cycle operations, in particular the management of debtor payments.

Don't use plagiarized sources. Get Your Custom Essay on
Company’s revenue cycle operations
Just from $13/Page
Order Essay

Required

Describe the primary function of a revenue cycle for a company such as Ergon plc and explain how a lack of internal control could lead to the eventual collapse of the company.

Place Order
Grab A 14% Discount on This Paper
Pages (550 words)
Approximate price: -
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Try it now!

Grab A 14% Discount on This Paper

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.