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What is the Accounting Cycle?

What is the Accounting Cycle?

What is the accounting cycle? The accounting cycle is a sequence of steps that occur in the accounting period and include the processes of identifying, collecting, analyzing documents, recording transactions, classifying, summarizing, and reporting financial information of an organization. Read more

Steps of Accounting Cycle

The steps of accounting cycle include the processes of identifying, collecting, analyzing documents, recording transactions, classifying, summarizing, posting, and preparing trial balance, making journal entries, closing the books and final reporting financial information of an organization. Use the ConceptDraw PRO with Accounting Flowcharts Solution to create your own professional Accounting Flowcharts of any complexity quick and easy. Read more

Steps in the Accounting Process

Steps in the Accounting Process - The Accounting Process is a sequence of organization activities that is used for gaining quantitative information about the finances. This complex process consists of a set of sequential steps. 9 steps in the accounting process: Analysis of Business Transactions, Make Journal Entries, Post to Ledger Accounts, Prepare Trial Balance, Make Adjusting Entries, Adjusted Trial Balance, Prepare Financial Statements, Close Accounts, Post-Closing Trial Balance. Read more

Accounting Flowchart Symbols

Accounting is a well known and popular tool used for gaining full quantitative information about the finances. The accounting process includes extensive set of activities that begins with transactions and ends with closing of books. It contains all financial information for a given organization, the data about incomes, expenditures, purchases, sales, return, payroll, and many other numerical information. The excellent possibility to create great-looking Accounting Flowcharts is offered by professional ConceptDraw PRO diagramming and vector drawing software. It includes the Accounting Flowcharts solution containing wide variety of predesigned accounting flowchart symbols. All symbols are easy recognizable, commonly used, vector and professionally designed, so are capable effectively save your time and efforts when representing all stages of accounting work process, the flow of data in an organization, accounting procedures and processes, documents, tasks, responsible people, users, components and authorizations. Read more

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Accounting Flowcharts solution extends ConceptDraw PRO software with templates, samples and library of vector stencils for drawing the accounting flow charts. Read more

Accounting Flowchart

Accounting flowchart is a system of processes to represent accounting system of an organization. If you need to know how accounting processes work and how each operation is done, the Accounting Flowcharts Solution for ConceptDraw PRO has a predesigned library, tips, methods and symbols for easy drawing an Accounting Flowchart. Read more

Purchasing Flowchart - Purchase Order. Flowchart Examples

Create your own flow charts of purchasing business processes using the ConceptDraw PRO diagramming and vector drawing software extended with the Accounting Flowcharts solution from the Finance and Accounting area of ConceptDraw Solution Park. The flow chart example shows the steps of purchasing business process. Read more

Workflow to Make a Purchase. Accounting Flowchart Example

Purchasing Workflow Chart as a methods for documenting accounting information systems. Symbols and Methods for designing Accounting System. Read more

Audit Procedures

Audit procedures are the specific tests and methods that auditor executes when gathering the evidence which are necessary for making an opinion on the financial statements of the firm. There are three types of audit procedures: data selection, reliability validation, relevance confirmation. Thanks to the extensive drawing tools which provides the Audit Flowcharts solution from the Finance and Accounting area of ConceptDraw Solution Park, you can easy and effectively develop and realize various audit procedures. Read more

Drawing Workflow Diagrams

Drawing workflow diagrams combines both creative and analytic practice. To be the most effective in this process you should find a software that suites this kind of practice. Using ConceptDraw PRO software for drawing workflow diagrams you get support of features, libraries, templates and samples boosts you creativity and keep you focus on analytic practice, not drawing specifics. Read more