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As a manager, you need to have a firm understanding of the revenue cycle and...

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Finance

As a manager, you need to have a firm understanding of the revenue cycle and receivables for your practice.

Discuss the four (4) phases of the revenue cycle, and detail how each phase impacts your practice and your managerial accounting methods. Include the concepts and procedures involved with receivables management, including accumulation of receivables and monitoring. How does the revenue cycle, along with receivables management, help you as a manager to maintain the financial health of your practice?

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