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This assignment is to apply the model of the transaction cycles (e.g., Expenditure Cycle, Conversion Cycle, and Revenue Cycle) to the industry of universities. Required:

This assignment is to apply the model of the transaction cycles (e.g., Expenditure Cycle, Conversion Cycle, and Revenue Cycle) to the industry of universities. Required: 1. Do research in the three transaction cycles of a university. You can refer to a specific university or work on the generic university settings. Document the details of the three transaction cycles and their relationships in the university settings obtained from your research. (30%) 2. Modify the model given below to fit into a university's transactions. (30%) 3. Now, you will focus on the Revenue Cycle. Model the Revenue cycle of a university by using (1) Data Flow Diagram, (2) System Flowchart, and (3) Entity Relationship Diagram. Your revenue cycle should include the procedure starting from the point that the courses are ready for students to enroll in, to the point that students obtain their grades, and the university obtains the tuitions

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