Identify the relevant business cycles that are related in accounting. Include a brief description of each business cycle. For the revenue cycle, include the following audit objectives that you feel are the most relevant and that you will use in accordance with management assertions:

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Identify the relevant business cycles that are related in accounting. Include a brief description of each business cycle. For the revenue cycle, include the following audit objectives that you feel are the most relevant and that you will use in accordance with management assertions:

Existence
Completeness
Accuracy or valuation
Rights and obligations
Presentation and disclosure