Course Details
Course

A Framework for Assessing Business Cycle Accounting Controls - Revenue Cycle 1 CPE

Course Duration: 1 Hours
Course Rating:
Course Enrollments: 8 Enrolled
Mode of Delivery: On-Demand
Course Level: Basic
Study Area: Accounting
Purchase this course: $ 24.00 Purchase CPE Subscription

The Revenue Cycle of a business is focused on the functions required to exchange its products or services with customers for cash. It includes:

  • Taking orders from customers
  • Shipping finished goods
  • Customer use of company services
  • Maintenance and collection of accounts receivable, and
  • The receipt of cash from customers

The revenue cycle is the cycle in which the physical control and ownership rights over resources are given up in exchange for cash, the cost of sales is an accounting function which may be identified with the revenue cycle.

Course Key Concepts: Internal Accounting Controls, SOX 404, ICFR, Internal Control over Financial Reporting, Independent Public Accountants, Internal Auditors, Business Cycles, Treasury, Expenditure, Purchasing, Payroll, Conversion, Revenue.

Prerequisites
No advanced preparation or prerequisites are required for this course. Students should have a basic knowledge of accounting principles and terminology.
Learning Objective
  • Discover and understand the objectives and limitations of Revenue Cycle Accounting Controls.
  • Explore the process for risk assessing Revenue Cycle Accounting Controls.
  • Recognize the importance of Revenue Cycle Accounting Control Goals.

Last updated/reviewed: July 22, 2025

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Doug Menendez
Director, Risk Management
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INTRODUCTION AND OVERVIEW

CONTINUOUS PLAY

SUPPORTING MATERIAL

REVIEW AND TEST