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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%).

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