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Accounting Cycle
(redirected from Accounting Cycles)

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Accounting Cycle
The events that occur between the beginning of a transaction and its recording in a company's records. For example, the accounting cycle for a sale may begin with the actual sale, continue with an accountant's analysis of the type of sale (mainly a cash or credit sale), and conclude with the posting of the sale in the company's ledger. The accounting cycle is often more complex than the above example, including steps such as quality control.


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Unproductive working capital was found to be tied up in basic accounting cycles - for example in the manner in which accounts receivables and payable processes are being handled.
The program focuses on basic accounting cycles, analysis of financial statements, payroll preparation and introductory skills for computerized accounting systems.
It explains accounting cycles of service and merchandising businesses, the voucher system and budgeting, accounts payable and receivable, fixed assets, payroll, partnerships and corporations, financial statement analysis, departmentalized accounting, and accounting system setup.
 
 
 
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