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.
What are the major threats in the revenue cycle and the controls related to those threats?  The revenue cycle is a recurring set of business activities and related information processing operations associated with providing goods and services to customers and collecting their cash payments. The primary external exchange of information is with customers.