The Journal of Accounting Education put together a scholarly piece
teaching the various areas of the Accounting Information System
(AIS) cycles. Focusing in on the revenue cycle, this source gives some
realworld examples of the revenue cycle in action. For instance, they
show the cycle in detail with the elements of the cycle including parts
such as control, input, storage, etc. Since much of this course has
discussed controls, it would make sense to start here. The Journal of
Accounting Education describes the effects of controls in the revenue
cycle such as “safeguarding assets, preventing and detecting errors,
and promoting organizational efficiency” (Stanley, 2005). The source
also elaborates on some of the main processes in the revenue cycle.
This includes elements such as “credit sales, cash receipts, and sales
returns” which all play a role for the majority of businesses on a daily
basis (Stanley, 2005). One interesting feature of this source is how
they integrate, visually and written, how the revenue cycle can be
seen in a live business setting. This includes not only examples, but
surveys of how their implementation was shown to help those who
were able to use the various cycles.
References:
Stanley, T., & Edwards, P. (2005). Interactive multimedia teaching of
Accounting Information System (AIS) cycles: Student perceptions and
views. Journal of Accounting Education, 23(1), 21-46.
