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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › transaction cycle
can u explain the difference between control objectives & control activities
A control objective is what you want to achieve. For example, you don’t want goods to be sent to uncreditworthy customers,
A control activity is what you use to try to achieve the control objective. For example, for the above control objective: obtain credit references before despatching goods, set a credit limit, keep their balance and payment history under review etc.
