My article is titled "Revenue Cycle in Accounting Information Systems."
a a a AIS provides revenue cycle information and the basic controls necessary to ensure it
provides management with reliable information (Romney et al., 2020). The article discusses a
manual revenue cycle transaction and an automated transaction. The relevance of this article is it
discusses AIS automating manual activities and enabling the presentation of reports more quickly,
completely, and reliably (Azhar Susanto, 2019). It reduces administrative errors such as
calculating prices and invalid inventory numbers. Several industries use AIS, such as
service, healthcare, and manufacturing. The AIS enables real-time processing and
automates activities that include placing orders, credit approvals, cash receipts, invoices,
and remittances. Each business must implement an AIS that is designed to maximize
efficiency and provide internal control procedures to reduce threats such as inventory and
cash loss or misuse, collection errors, and uncollectible sales (Azhar Susanto, 2019).
Revenue cycle policies should be established to ensure effective internal controls
throughout all aspects of the cycle. For example, approval processes and support for credit
notes, write-offs of bad debt, and other items that reduce revenue or accounts receivable.
Additionally, authorization controls for credit sales and credit limits.
Azhar Susanto, M. (2019). Revenue Cycle In Accounting Information Systems.
INTERNATIONAL JOURNAL OF SCIENTIFIC & TECHNOLOGY RESEARCH,
8(6). https://www.ijstr.org/final-print/june2019/Revenue-Cycle-In-Accounting-
Information-Systems.pdf
Romney, M. B., Steinbart, P. J., Summers, S. L., & Wood, D. A. (2020). Accounting
Information
a a a Systems (15th ed.). Pearson Education (US).
https://mbsdirect.vitalsource.com/books/
a a a 9780135573082.
