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Steps in the Accounting Process

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

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

ConceptDraw PRO ER Diagram Tool

Entity-relationship model, also called ER-model, is the main tool of domain modeling on the stage of conceptual design. The modeling of domain data structures is based on the use of graphical tools - Entity-Relationship diagrams (ER-diagrams). The core concepts of ER-Diagram are entity, attribute and relationship. ER-diagram lets visually represent the entities, helps effectively document all properties of designed system and to detail the data storages. To represent the elements at ER-model are commonly used Chen’s notation and Crow’s foot notation, each has its pros and cons. The entity on ER-diagram is represented in the form of rectangle, which specifies its name. An attribute is a property of the entity and relationship is an interaction between the entities. The relationship between two entities is called binary, between more than two entities - ternary. Specific software, such as ConceptDraw PRO with Entity-Relationship Diagram (ERD) solution from ConceptDraw Solution Park is helpful for easy creation Entity-Relationship Diagrams. Read more

Flowchart Definition

Flowchart definition - A Flowchart is a diagram that graphically represents the structure of the system, the flow of steps in a process, algorithm, or the sequence of steps and decisions for execution a process or solution a problem. For depiction the steps there are used specific shapes and graphic symbols which are linked by lines and directional arrows. The main standard shapes are rectangle or box, rounded box, diamond, circle. A Flowchart is a convenient way to observe the follow the process from beginning to end, it lets improve the work of process, highlight the key elements and detach not essential or even excessive steps. The Flowcharts can represent different levels of detail: High-Level Flowchart, Detailed Flowchart, and Deployment or Matrix Flowchart. They are incredibly useful for programmers when developing the programs of any complexity and on any high level language. Create your own Flowcharts using the ConceptDraw PRO diagramming and vector drawing software and powerful tools of Flowcharts solution from "What is a Diagram" area. Read more

Account Flowchart Stockbridge System. Flowchart Examples

Create your own flow charts of data processing systems using the ConceptDraw PRO diagramming and vector drawing software extended with the Cross-Functional Flowcharts solution from the Business Processes area of ConceptDraw Solution Park. This is a flowchart of a data processing system combining manual and computerized processing to handle accounts receivable, billing, and general ledger. Read more