Can you please explain this 3 question answer in easy-to-understand sentences? Thank you

INTRODUCTION 1. What is the business cycle in the accounting information system There are 3 transaction or business cycle in the accounting information system which are expenditure cycle, conversion cycle and revenue cycle. Every business incurs expenditures in exchange for resources of expenditure cycle. The expenditure cycle is the set of activities related to the acquisition of and payment for goods and services. These activities include the determination of what needs to be purchased, purchasing activities, the receipt of goods, and payments to suppliers. Much of the input to the expenditure cycle comes from the sales cycle, where purchasing requirements are driven by the volume and type of customer orders. Next is conversion cycle. Conversion cycle is a cash flow calculation that attempts to measure the time it takes a company to convert its investment in inventory and other resource inputs into cash. It also provides value added through its products or services. The production system are planning, scheduling, and control of the physical product through the manufacturing process and the cost accounting system monitors the flow of cost information related to production Lastly is revenue cycle which receives revenue from outside sources. The revenue cycle begins when the business delivers a product or provides a service, and ends when the customer makes the full payment. Time lag between components due to credit relationship with customers also related to revenue cycle. 2. The importance to understanding the business operation flow Why importance to understand the business operation flow because it gives the ability to understand flowcharts that accurately represent accounting process need to be described in an organization. It is important to know how accounting processes work and how each operation is done. It also allows to document and communicate visually such processes like a receiving process, purchasing process, payment process. 3. The impact of the fraud in business There are three categories of fraud impact which are fraudulent statements, corruption and asset misappropriation. The first type of fraud happens without management knowledge, and the second type is unknown to employees. For the first categories, fraudulent statements, it is associated with management fraud which involved misstating the financial statements to make the copy appear better and it may tieto focus on short-term financial measures for success and also may related to management bonus packages being tied to financial statement. For example, the false statement contributes to a person's decision to approve a loan. For the second categories, corruption, there are four principal types which are bribery, illegal gratuities, conflict of interest and lastly economic extortion. For example, bribery involves an exchange of value to influence an official in the performance of his or her lawful duties. The effect of fraud on a company's culture and morale can be shattering. Any association with a company that doing or suffered fraud can be troubling and embarrassing for the people who work there. Last categories, asset misappropriation is the most often occurs as employee fraud. Examples are lapping, skimming and transaction fraud such as deleting altering, or adding false transactions to steal assets. Examples of situation is if a cashier takes RM100 from the cash register, the company loses RM100. The costs of fraudulent financial reporting are harder to determine. If a small-business owner perpetrates financial statement fraud, the figure might not be obvious