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Accounting Cycle Example

Accounting cycle is a sequence of activities which are involved in completing an accounting process. The length of an accounting cycle is changed from organization to organization, this can be month, quarter, half-year, or year.
ConceptDraw DIAGRAM diagramming and vector drawing software extended with Accounting Flowcharts Solution from the Finance and Accounting Area of ConceptDraw Solution Park offers the extensive drawing tools, library with ready-to-use vector elements which will help you design any accounting cycle example you need.

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.

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 DIAGRAM with Accounting Flowcharts Solution to create your own professional Accounting Flowcharts of any complexity quick and easy.

BPR Diagram. Business Process Reengineering Example

This sample was created in ConceptDraw DIAGRAM diagramming and vector drawing software using the Business Process Diagram Solution from the Business Processes area of ConceptDraw Solution Park. The Business Process Solution is based on the standard BPMN 2.0 and includes the set of libraries of ready-to-use objects.

Flowchart Process Example

ConceptDraw DIAGRAM is a professional software for creating great looking flowcharts. The samples included in this set of software allows users to draw any type of flowchart.
This cycle diagram sample was created on the base of the figure illustrating the article "Environmental Materials" by Cris Arnold from the website of the UK Centre for Materials Education of the Higher Education Academy. "The figure ... schematically shows how the disparate areas under the heading of 'environmental materials' can be linked via a life cycle analysis approach. ...
Life Cycle Analysis.
Life Cycle Analysis is essentially a method of considering the entire environmental impact, energy and resource usage of a material or product. It is often known as a 'cradle-to-grave' analysis and can encompass the entire lifetime from extraction to end-of-life disposal. Life cycle analysis can be an extremely effective way of linking many different aspects of the environmental impacts of materials usage. ...
Materials Extraction and Resource Implications.
The environmental impact of raw materials extraction and processing together with global resource issues provides a good place to start consideration of environmental aspects of materials. ...
Environmental Impacts of Processing.
... Topics that would come under this subject area include the specific environmental problems associated with processing of metals, polymers, ceramics, composites etc, and how these problems can be overcome.
Design for Sustainability.
This area ... will ... cover issues such as design for successful recycling, waste minimisation, energy efficiency and increased lifetime.
Economic, Social and Legislative Issues.
... For example, materials selection within the automotive industry is now heavily influenced by 'end-of-life vehicle' and 'hazardous material' regulations.
Use of Sustainable Materials.
... It is probably sensible to define such materials as those that have distinct differences that achieve environmental benefit compared to conventional materials. With this definition, the list would include:
(1) Materials of a significantly plant-based nature, including wood, natural fibre composites, natural polymers.
(2) Materials produced using a large proportion of waste material, including recycled polymers, composites made from waste mineral powders, and arguably also much steel and aluminium.
Materials for Green Energy.
The most exciting developments in Materials Science are in the realm of functional materials, and many of these serve an environmentally-beneficial purpose, particularly in the production of green energy.
These include:
(1) Solar-cell materials.
(2) Fuel-cell technology.
(3) Catalytic pollution control.
End-of-Life Issues.
The treatment of materials at the end of their lifetime is a significant subject area and encompasses aspects such as recycling techniques and materials limitations, biodegradabilty and composting, chemical recovery and energy recovery." [materials.ac.uk/ guides/ environmental.asp]
The ring chart example "Life cycle analysis" was created using the ConceptDraw PRO diagramming and vector drawing software extended with the Target and Circular Diagrams solution from the Marketing area of ConceptDraw Solution Park.
www.conceptdraw.com/ solution-park/ marketing-target-and-circular-diagrams
Ring chart
Ring chart, doughnut chart, pie chart, ring chart, donut chart,
"Citric acid cycle (tricarboxylic acid cycle, TCA cycle, Krebs cycle) is a series of chemical reactions used by all aerobic organisms to generate energy through the oxidation of acetate derived from carbohydrates, fats and proteins into carbon dioxide and chemical energy in the form of adenosine triphosphate (ATP)." [Citric acid cycle. Wikipedia]
This biochemical diagram example shows metabolic pathways map of citric acid cycle reactions.
This sample was redesigned from the Wikimedia Commons file: TCA cycle.svg. [commons.wikimedia.org/ wiki/ File:TCA_ cycle.svg]
This image is licensed under the Creative Commons Attribution 3.0 Unported license. [creativecommons.org/ licenses/ by/ 3.0/ deed.en]
The metabolic pathway map example "Citric acid cycle (TCA cycle)" was created using the ConceptDraw PRO diagramming and vector drawing software extended with the Biology solution from the Science and Education area of ConceptDraw Solution Park.
Tricarboxylic acid cycle
Tricarboxylic acid cycle, α-ketoglutarate, alpha-ketoglutarate, alpha-ketoglutaric acid, α-ketoglutaric acid, water, succinyl-CoA, succinyl-coenzyme A, SucCoA, succinate, succinic acid, butanedioic acid, spirit of amber, phosphate, phosphoric acid, orthophosphoric acid, dihydrogen phosphate, hydrogen phosphate, oxaloacetate, oxaloacetic acid, oxalacetic acid, nicotinamide adenine dinucleotide, NAD, guanosine-5'-triphosphate, GTP, guanosine triphosphate, guanosine-5'-diphosphate, GDP, guanosine diphosphate, fumarate, fumaric acid, trans-butenedioic acid, flavin adenine dinucleotide, FADH2, flavin adenine dinucleotide, FAD, coenzyme Q10, ubiquinone, ubidecarenone, coenzyme Q, CoQ10, CoQ, Q10, citric acid, citrate, citric acid cycle, tricarboxylic acid cycle, TCA cycle, Krebs cycle, carbon dioxide, acetyl coenzyme A, L-malate, malate, malic acid, L-malic acid, D-isocitrate, D-isocitric acid, isocitrate, isocitric acid, Coenzyme A,
This Deming cycle sample shows plan-do-control-act diagram variance.
It was designed on the base of Wikimedia Commons file: Demingcycle.svg. [commons.wikimedia.org/ wiki/ File:Demingcycle.svg]
"PDCA was made popular by Dr W. Edwards Deming, who is considered by many to be the father of modern quality control; however, he always referred to it as the "Shewhart cycle". Later in Deming's career, he modified PDCA to "Plan, Do, Study, Act" (PDSA) because he felt that "check" emphasized inspection over analysis. PDSA cycle was used to create the model of know-how transfer process." [PDCA. Wikipedia]
The plan-do-control-act diagram example "Deming cycle" was designed using ConceptDraw PRO software extended with Plan-Do-Check-Act (PDCA) solution from Management area of ConceptDraw Solution Park.
Diagram example
Diagram example, deming cycle,
This Deming cycle sample shows plan-do-check-act diagram.
It was designed on the base of Wikimedia Commons file: Deming PDCA cycle.PNG. [commons.wikimedia.org/ wiki/ File:Deming_ PDCA_ cycle.PNG]
This file is licensed under the Creative Commons Attribution-Share Alike 3.0 Unported license. [creativecommons.org/ licenses/ by-sa/ 3.0/ deed.en]
"The concept of PDCA is based on the scientific method, as developed from the work of Francis Bacon (Novum Organum, 1620). The scientific method can be written as "hypothesis"–"experiment"–"evaluation" or plan, do and check." [PDCA. Wikipedia]
The plan-do-check-act diagram example "Deming PDCA cycle" was designed using ConceptDraw PRO software extended with Plan-Do-Check-Act (PDCA) solution from Management area of ConceptDraw Solution Park.
Diagram example
Diagram example, deming pdca cycle,
This Deming cycle sample shows plan-do-check-act diagram.
It was designed on the base of Wikimedia Commons file: PDCA ZIRKEL ENGL.png.
"The picture describes the 4 phases of the PDCA circle based on the specification ISO 50001." [commons.wikimedia.org/ wiki/ File:PDCA_ ZIRKEL_ ENGL.png]
This file is licensed under the Creative Commons Attribution-Share Alike 3.0 Unported license. [creativecommons.org/ licenses/ by-sa/ 3.0/ deed.en]
The plan-do-check-act diagram example "PDCA cycle" was designed using ConceptDraw PRO software extended with Plan-Do-Check-Act (PDCA) solution from Management area of ConceptDraw Solution Park.
Diagram example
Diagram example, pdca cycle,
This ring chart sample was created on the base of the figure illustrating the "CCP Handbook - Comprehensive Community Planning for First Nations in British Columbia" from the Government of Canada website. "Tool 1: Centre for Innovative & Entrepreneurial Leadership (CIEL) Community Life Cycle Matrix.
Actualization Phase.
Community is highly developed and encourages learning & innovation while respecting history and culture. Community shares resources with others and regularly monitors itself, continuing to enhance capacity.
Action: Community undertakes regular reviews and reflection activities to maintain or enhance stage / phase.
Pre-Community or Chaos Phase.
Community is undeveloped. Limited sharing of resources or recognition of value of a community.
Action: Community can (re)form through the identification of and action of influential and respected leaders (elected or unelected).
Vision Phase.
Community recognizes the importance of vision and long-term planning; is able to move in this direction.
Action: Community can engage in planning, meaningful consultation of its members, & working towards the development of strategic thinking & planning, and, ultimately, identifying community-wide values, distinct community characteristics and a vision.
Emergence Phase.
Community exists but has significant problems, making anything but survival & fulfilling short-term needs impossible.
Action: Community can advance through focus on small, non-political, trustbuilding projects to build success, respect, confidence, relationships & skills.
Why the Matrix.
The challenge of developing innovative and entrepreneurial communities is in ensuring that the communities have a clear picture of where they are at and where they want to go. This enables a better match of the tools available with both the capacity of the community and the hoped for goal. For example, while strategic planning may work for some communities, the planning process may also lead to frustration and failure in other communities that do not have the necessary trust, social capital or capacity." [aadnc-aandc.gc.ca/ eng/ 1100100021972/ 1100100022090]
The ring chart example "Community life cycle matrix" was created using the ConceptDraw PRO diagramming and vector drawing software extended with the Target and Circular Diagrams solution from the Marketing area of ConceptDraw Solution Park.
www.conceptdraw.com/ solution-park/ marketing-target-and-circular-diagrams
Ring chart
Ring chart, doughnut chart, pie chart, ring chart, donut chart,
This circular arrows diagram sample depicts the Plan–Do–Check–Act cycle.
"PDCA (plan–do–check–act or plan–do–check–adjust) is an iterative four-step management method used in business for the control and continuous improvement of processes and products. It is also known as the Deming circle/ cycle/ wheel, Shewhart cycle, control circle/ cycle, or plan–do–study–act (PDSA). Another version of this PDCA cycle is OPDCA. The added "O" stands for observation or as some versions say "Grasp the current condition." This emphasis on observation and current condition has currency with Lean manufacturing/ Toyota Production System literature." [PDCA. Wikipedia]
The diagram example "PDCA cycle" was created using the ConceptDraw PRO diagramming and vector drawing software extended with the Circular Arrows Diagrams solution from the area "What is a Diagram" of ConceptDraw Solution Park.
Circular arrows diagram
Circular arrows diagram, circular arrows diagram,

Flow Chart Diagram Examples

Draw your own business process flowcharts using ConceptDraw DIAGRAM diagramming and business graphics software.
The Flowcharts Solution for ConceptDraw DIAGRAM is a comprehensive set of examples and samples in several different color themes for professionals that need to graphically represent a process.
The cycle diagram sample was created on the base of the figure illustrating the webpage "2. POLICY & STRATEGY" of "Scottish Police College Primary Inspection 2006: A Report by Her Majesty's Inspectorate of Constabulary" from the Scottish Government website.
"Strategic Planning.
2.1 The planning process for the College currently follows a structured approach, starting in April and extending through the financial year. The planning cycle is illustrated in figure 2. ...
2.2 The College recognises the need to consult with its customers and stakeholders in the process of setting objectives and directing the training programme. The planning cycle to date refers to force visits, environmental scanning, the course planning process which involves consultation with all forces and other common police services, as well as to a survey of external providers.
2.3 The information from consultation feeds into an EFQM framework from which the College has identified four key policies, namely:
(1) developing and delivering quality training;
(2) developing our people through lifelong learning;
(3) continuous improvement of our service; and
(4) embracing the changing environment.
2.4 The objectives set at divisional level are designed to contribute to delivering these policies. HMIC found that whilst the selected objectives were presented in line with the structure, not all could be considered to meet SMART (Specific, Measurable, Achievable, Relevant and Timed) criteria. This failure indicates that while the process appears suitably structured to deliver a robust result, some of those involved could perhaps have a better understanding of the process." [scotland.gov.uk/ Publications/ 2007/ 02/ 15134652/ 8]
The cycle diagram example "Strategic planning" was created using the ConceptDraw PRO diagramming and vector drawing software extended with the Target and Circular Diagrams solution from the Marketing area of ConceptDraw Solution Park.
www.conceptdraw.com/ solution-park/ marketing-target-and-circular-diagrams
Cycle diagram
Cycle diagram, circle diagram, circular diagram,
This circular arrows diagram sample shows business process management life cycle.
It was designed on the base of the Wikimedia Commons file: Business Process Management Life-Cycle.svg. [commons.wikimedia.org/ wiki/ File:Business_ Process_ Management_ Life-Cycle.svg]
This file is licensed under the Creative Commons Attribution-Share Alike 3.0 Unported license. [creativecommons.org/ licenses/ by-sa/ 3.0/ deed.en]
"BPM life-cycle.
Business process management activities can be grouped into six categories: vision, design, modeling, execution, monitoring, and optimization.
Functions are designed around the strategic vision and goals of an organization. Each function is attached with a list of processes. Each functional head in an organization is responsible for certain sets of processes made up of tasks which are to be executed and reported as planned. Multiple processes are aggregated to function accomplishments and multiple functions are aggregated to achieve organizational goals." [Business process management. Wikipedia]
The arrow donut chart example "BPM life cycle" was created using the ConceptDraw PRO diagramming and vector drawing software extended with the Circular Arrows Diagrams solution from the area "What is a Diagram" of ConceptDraw Solution Park.
Circular arrows diagram
Circular arrows diagram, doughnut chart, pie chart, ring chart, donut chart,
This Water cycle diagram example was drawn using the ConceptDraw PRO diagramming and vector graphics software extended with the clipart libraries Geography and Weather.
"The water cycle, also known as the hydrologic cycle or the H2O cycle, describes the continuous movement of water on, above and below the surface of the Earth. The mass water on Earth remains fairly constant over time but the partitioning of the water into the major reservoirs of ice, fresh water, saline water and atmospheric water is variable depending on a wide range of climatic variables. The water moves from one reservoir to another, such as from river to ocean, or from the ocean to the atmosphere, by the physical processes of evaporation, condensation, precipitation, infiltration, runoff, and subsurface flow. In so doing, the water goes through different phases: liquid, solid (ice), and gas (vapor)." [Water cycle. Wikipedia]
This water cycle diagram example is included in the Nature solution from the Illustration area of ConceptDraw Solution Park.
Vector illustration
Vector illustration, tree, sunny, snow, rain, overcast, cloud, ocean, sea,
This arrow loop cycle diagram sample was created on the base of the figure illustrating the webpage "Exploratory Advanced Research Program Hand-Off Workshops" from the US Department of Transportation - Federal Highway Administration (FHWA) website. "The FHWA’s research and technology innovation life cycle illustrates that research and technology development are not insular activities, but integrated processes that together constitute a system.
Following general workshop discussion, a number of common issues emerged among the groups. These centered around the research life cycle, communicating the value of exploratory advanced research, and continued project funding. It was felt that there is a general need to better describe the research and deployment cycle specific to highway transportation and possibly to highway research fields, such as materials or system planning. Research life cycle diagrams show a very linear, chronological process but it is not necessarily that way in reality." [fhwa.dot.gov/ advancedresearch/ pubs/ 11034/ ]
The arrow loop diagram example "Innovation life cycle" was created using the ConceptDraw PRO diagramming and vector drawing software extended with the Target and Circular Diagrams solution from the Marketing area of ConceptDraw Solution Park.
www.conceptdraw.com/ solution-park/ marketing-target-and-circular-diagrams
Arrow loop cycle diagram
Arrow loop cycle diagram, arrow loop circle,
"A Guide to the Project Management Body of Knowledge - Fifth Edition provides guidelines for managing individual projects and defines project management related concepts. It also describes the project management life cycle and its related processes, as well as the project life cycle.
The Guide recognizes 47 processes that fall into five basic process groups and ten knowledge areas that are typical of almost all projects.
The five process groups are:
Initiating,
Planning,
Executing,
Monitoring and Controlling,
Closing.
The ten knowledge areas are:
Project Integration Management,
Project Scope Management,
Project Time Management,
Project Cost Management,
Project Quality Management,
Project Human Resource Management,
Project Communications Management,
Project Risk Management,
Project Procurement Management,
Project Stakeholders Management (added in 5th edition).
Each of the ten knowledge areas contains the processes that need to be accomplished within its discipline in order to achieve an effective project management program. Each of these processes also falls into one of the five basic process groups, creating a matrix structure such that every process can be related to one knowledge area and one process group." [A Guide to the Project Management Body of Knowledge. Wikipedia]
The flow chart example "Project management life cycle" was created using the ConceptDraw PRO diagramming and vector drawing software extended with the Flowcharts solution from the area "What is a Diagram" of ConceptDraw Solution Park.
Flowchart - Project management life cycle
Flowchart - Project management life cycle, process,
Used Solutions
This ring chart sample was redesigned from the Wikipedia file: Virtuous circle in management.svg.
"An example of the use of a virtuous circle in management."
[en.wikipedia.org/ wiki/ File:Virtuous_ circle_ in_ management.svg]
"A virtuous circle and a vicious circle (also referred to as virtuous cycle and vicious cycle) are economic terms. They refer to a complex chain of events that reinforces itself through a feedback loop. A virtuous circle has favorable results, while a vicious circle has detrimental results.
Both circles are complexes of events with no tendency towards equilibrium (at least in the short run). Both systems of events have feedback loops in which each iteration of the cycle reinforces the previous one (positive feedback). These cycles will continue in the direction of their momentum until an external factor intervenes and breaks the cycle. The prefix "hyper-" is sometimes used to describe these cycles if they are extreme. The best-known example of a vicious circle is hyperinflation. ...
Example in management.
Virtuous circle.
An employer's investment in his employees’ ability to provide superior service to customers can be seen as a virtuous circle. Effort spent in selecting and training employees and creating a corporate culture in which they are empowered can lead to increased employee satisfaction and employee competence. This can result in superior service delivery and customer satisfaction. This in turn will create customer loyalty, improved sales levels, and higher profit margins. Some of these profits can be reinvested in employee development, thereby initiating another iteration of a virtuous cycle." [en.wikipedia.org/ wiki/ Virtuous_ circle_ and_ vicious_ circle]
The ring chart example "Virtuous circle (management)" was created using the ConceptDraw PRO diagramming and vector drawing software extended with the Target and Circular Diagrams solution from the Marketing area of ConceptDraw Solution Park.
www.conceptdraw.com/ solution-park/ marketing-target-and-circular-diagrams
Ring chart
Ring chart, doughnut chart, pie chart, ring chart, donut chart,

Circular Arrow

ConceptDraw DIAGRAM diagramming and vector drawing software extended with Circular Arrows Diagrams solution from the "Diagrams" Area is a powerful software that will help you design professional looking Circular Arrow Diagrams.