Many modern accounting software packages offer separate transaction cycle modules. What is the reason for this?
◦ Every organization does not need to implement all of the available transaction cycle modules.
◦ Most businesses do not need the revenue cycle module as part of their AIS.
◦ The nature of a given transaction cycle is the same irrespective of the type of organization.
◦ A properly designed AIS does not use the concept of separate business transaction cycles to process transactions.