The Revenue Cycle of High Aims Limited. We covered the following learning objectives in weeks 3 and 4 of the HI5019 T3 2022: Understand the fundamental tasks performed in the revenue cycle, regardless of the technology in place. Be able to identify the functional departments involved in revenue cycle activities and trace the flow of revenue transactions through the organisation. Be able to specify the documents, journals, and accounts that provide audit trails, promote the maintenance of historical records, support internal decision-making, and sustain financial reporting. Understand the risks associated with the revenue cycle and recognise the controls that reduce those risks. Be aware of the operational and control implications of technology used to automate and reengineer the revenue cycle