Accounting Cycle

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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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In an environment where pension schemes face increased financial and administrative pressures, we are dedicated to helping them through their year-end accounting cycles and providing them with the tools to assist them in complying with the revised SORP guidelines.
SunGard's open systems platforms utilize multiple CPUs to help customers shorten investment accounting cycles and reduce operating costs.
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.
Also, the enforcement release must follow the fraudulent statements by no more than six accounting cycles.
The business practices expressed by a specific cardinality pattern typically reach across all accounting cycles or business processes, as they are referred to in this paper.
The text provides concise coverage of technology, many documentation techniques, accounting cycles, database modeling, internal control, computerized controls, computer crime, computerized auditing, systems development, knowledge-processing systems, and electronic commerce.
Make sure the solution can handle various measures of time that meet process, reporting, and other needs such as accounting cycles, rolling budgets, and year-to-date figures.
1998 Factor Refi Cycles Average Monthly Payoff Volumes -16% Transaction Error Rate -41%(*) Aged Error Rate(@) -33% Staffing Requirements -33% Loans per Staff Member +74% Cost per Loan -50% @ Errors uncorrected after two accounting cycles (i.
Contains control flowcharts for the main accounting cycles
Surprisingly, lenders have opposed standardization of the reporting and remittance cycles because the current differences in accounting cycles between Freddie Mac and Fannie Mae actually help smooth out reporting peaks.
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