1.What are the subsystems of the revenue cycle?

2.Provide a specific example of a general ledger account and a corresponding subsidiary ledger.

3. Describe the key activities in the revenue, conversion, and expenditurecycles.

5.Categorize each of the following activities into the expenditure, conversion or revenue cycles and identify the applicable subsystem.

a.

Preparing the weekly payroll for manufacturing personnel.

b.

Releasing raw materials for use in the manufacturing cycle.

c.

Recording the receipt of payment for goods sold.

d.

Recording the order placed by a customer.

e.

Ordering raw materials.

f.

Determining the amount of raw materials to order.

6.Compare and contrast the relative advantages and disadvantages of sequential, block, group, alphabetic and mnemonic codes.