Many modern accounting software packages offer separate transaction cycle modules. What is the reason for this?...

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Many modern accounting software packages offer separate transaction cycle modules. What is the reason for this? A properly designed AIS does not use the concept of separate business transaction cycles to process transactions. Most businesses do not need the revenue cycle module as part of their AIS. The nature of a given transaction cycle is the same irrespective of the type of organization. Every organization does not need to implement all of the available transaction cycle modules. Many modern accounting software packages offer separate transaction cycle modules. What is the reason for this? A properly designed AIS does not use the concept of separate business transaction cycles to process transactions. Most businesses do not need the revenue cycle module as part of their AIS. The nature of a given transaction cycle is the same irrespective of the type of organization. Every organization does not need to implement all of the available transaction cycle modules.

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Solution Every organization does not need to implement all of ... View the full answer