The Bridge in Bridgehampton, N.Y., charged a whopping $750,000 to join, according to a 2007 Wall Street Journal article. Another Hamptons club, Sebonack Golf Club, billed new members for $650,000 when it opened in 2006, Bloomberg reported.
Hence, the revenue cycle actually consists of two major subsystems (assuming sales on credit basis): 1  the sales order processing system and. 2  the account receivable system.
The first section of the chapter provides an overview of the revenue cycle presented as a. manual system. The second section examines various ways to computerize this effort, from. traditional data processing to process reengineering. The last section considers. microcomputer systems and control implications.