Caroline's Candy Shop: An In‐Class Role‐Play of the Revenue Cycle

Recently, Bain et al. (2002) emphasized the critical importance of the transaction‐processing cycles and internal control topics to undergraduates in an Accounting Information Systems (AIS) course. The current article outlines an in‐class, roleplay exercise designed to provide students with a working understanding of the revenue cycle and its related key documents. Additionally, the exercise encourages students to consider risk exposures, internal controls, and technological opportunities to improve business processes. A pre‐/post‐test reveals that the in‐class role‐play is a successful learning exercise that significantly increases students' understanding of the revenue cycle. The test also indicates that students enjoy the experience.