OVERVIEW OF REVENUE CYCLE

The revenue cycle of RAS Micro Lending Corporation starts from catering of borrowers
by the secretary and ends with the manager’s release of amount of loan to borrowers. The
complexities of the business’ transactions are shown in the flow such as how the loan
applications of the borrowers are being processed. The transaction flow illustrates the
processes of the company as well as those involved in executing such processes and how those
processes are done. Source documents involved in the transaction flow are also shown. Lastly,
the flow includes different decision points needed in the execution of the processes together
with the measures taken by the company to address such.
 OVERVIEW OF COLLECTION CYCLE

RAS Micro Lending Corporation’s collection cycle starts from the collection of payment
by the collector and ends with the administrative staff’s release of take home pay to the
borrowers. The transaction flow of collection cycle is simpler than the revenue cycle. Although
it involves the same employees in the transaction of revenue cycle, shorter processes are done
and fewer documents are involved in collection cycle’s transaction flow. The process of
collection is illustrated together with how the whole process is done, who among the
employees are involved per transaction and what source documents are used.