The Revenue Cycle (Review Quiz) Module 4 - AIS

is a set of business activities relating to the sale of goods and services to customers and collection of payments from those sales.

What is the primary objective of the revenue cycle

What are the 4 basic revenue cycle activities?

it is considered as the starting point of the revenue cycle where the company receives orders from customers.

is responsible for monitoring and performance of the sales order entry process.

what are the 3 steps in sales order entry process?

contains information about item, number, quantities, and other terms of sales.

must occur before the goods are released from inventory and shipped to the customer.

lists customer account balances by length of time outstanding.

the second basic activity in the revenue cycle.