a. What activities are accounted for in the sales / collection process? b. What are the steps in the

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a. What activities are accounted for in the sales / collection process? b. What are the steps in the sales / collection process? c. How are the five generic elements of the AIS exemplified in the sales / collection process? d. What recordable transactions are commonly associated with the sales / collection process? How are they recorded in the AIS? e. What internal controls do organizations use in the sales / collection process? What risks do they address? f. Respond to the questions for this chapter’s “AIS in the Business World.”