Accounting information system Essay Example | Topics and Well Written Essays - 1250 words - 5

Accounting information system - Essay Examplen cases where they have authorized to donate, the organization simply collects the cheque or cash from the donors and issues an acknowledgement for receipt of the funds. Some of the donors are government agencies, corporate sector, trust and foundations. Additionally, the organization gets its finances from weapons platform fees and consultation fees.thitherfore, the revenue cycle has limited actors and the processes are simple and few as well. For instance the process of obtaining revenue is through donations and fees charged for consultations and program fees. There are no products or services to be sold in exchange for money. Therefore processes such as order processing, billing, invoicing and deliveries are not there.The revenue cycle is initiated by developing a set of programs and purposes that can be funded by the donors. The organization writes a proposal to the donors who will in turn accomplish a feedback on whether they wil l support the proposal or not. The following are some of the processes inherent in the revenue cyclei) Request suggestion This is done by the bewilders and program development department. The proposal for the various projects and programs is developed and submitted to the various donors. The donors will go through the proposals and determine whether they will support the project or not. Proposal development is an intensive process that requires a team of experts. The final proposal is submitted by a projects coordinator who is in charge of all project activities in the organization.ii) Approval of program Proposal Once the donors receive the proposal, they will scrutinize the contents of the program proposed and decide whether to fund it or not. They will consequently approve the program and pledge their support for the organization. The program proposal always has the estimated budget, the duration of the program and the expected start and end date. It also has additional expan d that include the financial and technical proposal. It must have the