BM2013

NAME: DATE: SCORE:

PART I: EMPTY OUTLINES

Instructions: Complete the figure below using the four (4) basic revenue cycle activities, and give at least two
(2) activities/terms for each activity. The final step is already completed for your reference. (3 items x 5
points)

Shipping Billing
 Pick and Pack  Open-invoice
 Ship method
 Balance-forward
method

Sales order Entry

 Taking customer
orders
 Credit approval

Rubric for grading: (per box)

CRITERIA PERFORMANCE INDICATORS POINTS
Content Provided the correct revenue cycle activity and its subcategory or terms 3
Organization of Ideas Placed the activity and/or term in the correct sequence 2
TOTAL 5

PART II: ANALYZING REVENUE TRANSACTIONS

Instructions: Using numbers 1-4, arrange the following revenue transactions in sequential order. (4 items x 1
point)

4 DEF Company sends their remittances to ABC Company through an electronic fund transfer system.

2 ABC Company use an accounts receivable (A/R) aging report to decide whether to increase or decrease
the credit limit of DEF Company.
1 ABC Company created a sales invoice for the ordered items of DEF Company.
3 ABC Company transferred the ordered items of DEF Company from warehouse to shipping department.

04 Activity 1 *Property of STI

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