Question: Accounting information systems 2. a) Describe the basic revenue cycle activities. 15 Marks b) Describe four threats in the revenue cycle and identify appropriate controls
2. a) Describe the basic revenue cycle activities. 15 Marks b) Describe four threats in the revenue cycle and identify appropriate controls for each threat 15 Marks c) Briefly explain what an Accounting Information Systems (AIS) is, describe the basic tasks it performs in an organization, and give two (2) examples of the types of accounting transactions it processes. 15 Marks d) Identify and briefly explain three (3) subsystems in a typical AIS 15 Marks
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