Peer Review

Revenue Cycle Overview

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Effectiveness:

Ease of Use:

Overview:: The presentation includes a description of the revenue cycle and its application within a business context. An example of the revenue cycle within a business event provides a good application of the content. Internal and external threats that could compromise the revenue cycle are explained. This video is the first of four presentations on the revenue cycle.
Type of Material:: Video presentation
Recommended Uses:: This presentation could be shown in class or viewed as homework individually.
Technical Requirements:: Accessible through any platform that can connect to YouTube
Identify Major Learning Goals:: The purpose of the site is to explain the revenue cycle, including sales, shipping, billing, and cash collection. Areas that may need attention or improvement are highlighted.
Target Student Population:: Suitable for the Associates/Bachelor’s level and following classes or topics: Financial Accounting, Managerial Accounting, Accounting Information Systems, Revenue Management, Accounts Receivables, and Financial Ratios to name a few.
Prerequisite Knowledge or Skills:: Some knowledge of the accounting cycle and the following terms: assets, inventory management and revenue.

Rating:
Strengths:: The material is presented clearly, concisely, and memorably. The mnemonic used to aid in memorizing the activities of the revenue is effective, because it uses words and pictures to stimulate different types of memory. The idea of threats is explained and includes current information. The concepts are covered sufficiently for an introduction or overview of the revenue cycle. This presentation is well suited to introduce the revenue cycle as presented by most accounting information systems (AIS) textbooks.
Concerns:: The revenue cycle is more complex than the material implies. To integrate this presentation effectively in a course other than AIS, a contextual basis would need to be established, then followed by a hands-on example involving other accounting concepts such as journalizing transactions. Providing an assignment would reinforce users' understanding of the revenue cycle.

Rating:
Strengths:: This presentation introduces the revenue cycle from a business operations perspective to help accounting students see the "forest" instead of just the "trees" (journal entries) and understand the role accounting plays during the process. The revenue cycle is defined along with the major activities that take place during its completion. The objective of the revenue cycle is explained, and an example follows with typical threats faced during this phase of business operations explained. Concepts are presented efficiently. Concepts are summarized at the end of the presentation and the use of mnemonic makes the segment understandable. The presentation would be a great addition to an online class to reinforce textbook content.
Concerns:: Prerequisite knowledge of accounting fundamentals is assumed, but not clearly stated. As a standalone presentation, the video assumes understanding of prior concepts. Connections to content outside of the revenue cycle are either discussed superficially or not addressed. For courses other than Accounting Information systems, this presentation might not be easy to pair with an assignment.

Rating:
Strengths:: The presentation is very easy to access and integrate into Learning Management Systems because of its YouTube platform. Information is presented clearly and is both engaging and appealing in its use of good quality, hand-drawn graphics and animations. The visuals will maintain the viewer's attention.
Concerns:: While the presentation is not interactive, it was not designed with this intent in mind.

Other Issues and Comments:: This presentation is part of a series which provides more in-depth coverage of each major activity within the Revenue Cycle. The titles of the other videos are: Sales Order Entry, Shipping Process, and Billing and Cash Collections. Each one can be found by executing a MERLOT search.
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