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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.

Process Flowchart

ConceptDraw is Professional business process mapping software for making process flow diagram, workflow diagram, general flowcharts and technical illustrations for business documents. It is includes rich examples, templates, process flowchart symbols. ConceptDraw flowchart maker allows you to easier create a process flowchart. Use a variety of drawing tools, smart connectors, flowchart symbols and shape libraries to create flowcharts of complex processes, process flow diagrams, procedures and information exchange.
How To Create a Process Flow Chart (business process modelling techniques)
How To Create a Process Flow Chart (business process modelling techniques)

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.
This circular motion diagram sample was created on the base of the figure illustrating the article "Collaboration 2.0" from the HLWIKI International website. "Collaboration is an activity where individuals are motivated to work together in order to achieve certain mutually-desirable, articulated and achievable goals. In the digital age, collaboration 2.0 combines various aspects of web 2.0 and social media with the principles of collaboration. Some critical or typical features of collaboration 2.0 should include:
(1) synchronous collaboration via social calendaring, online meeting software and instant messaging tools,
(2) asynchronous collaboration made possible via shared workspaces and annotation capabilities.
A new form of collaboration is called collaborative information seeking which Wikipedia defines as "... a field of research that involves studying situations, motivations, and methods for people working in collaborative groups for information seeking projects, as well as building systems for supporting such activities. Such projects often involve information searching or information retrieval (IR), information gathering, and information sharing. Beyond that, CIS can extend to collaborative information synthesis and collaborative sense-making." " [hlwiki.slais.ubc.ca/ index.php/ Collaboration_ 2.0]
This file is available under a Creative Commons Attribution-NonCommercial-ShareAlike 2.5 Generic Licence. [creativecommons.org/ licenses/ by-nc-sa/ 2.5/ ]
The circular arrow diagram example "Collaboration 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
Circular motion diagram
Circular motion diagram, circular arrow diagram, circular motion diagram,
This circular arrows diagram sample shows the systems development life cycle (SDLC) stages.
"The systems development life cycle (SDLC), also referred to as the application development life-cycle, is a term used in systems engineering, information systems and software engineering to describe a process for planning, creating, testing, and deploying an information system. The systems development life-cycle concept applies to a range of hardware and software configurations, as a system can be composed of hardware only, software only, or a combination of both." [Systems development life-cycle. Wikipedia]
The arrow circle diagram example "Systems development 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, arrow circle diagram,
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,

Circular Flow Diagram Template

You need to draw the Circular Arrows Diagram, Segmented Diagram or Circular Flow Diagram? Any of these diagrams can be fast and easy designed in ConceptDraw PRO.

ConceptDraw PRO diagramming and vector drawing software offers the Circular Arrows Diagrams Solution from the "Diagrams" Area with extensive drawing tools, predesigned samples and circular flow diagram template. Use of ready template is the easiest way of drawing.
HelpDesk

How to Draw a Circular Arrows Diagram Using ConceptDraw PRO

The cyclic recurrence is a fundamental property of multiple systems. The cycle is a process which consists from elements (phases, stages, stages) following each other. Many processes in astronomy, biology, chemistry, physics, mathematics, etc. have a cycle properties. It is also widely used in information technologies and marketing analysis. Graphical representation of cyclic processes can have many forms. It can be a circle, parabola, hyperbola, ellipse and others. A Circular Arrows Diagram is used as one of the statistical charts in the business, mass media and marketing. ConceptDraw PRO provides its users tools for making easy drawing Circular Arrows Diagrams.

Circular Diagram

Circular Diagram is a type of diagram widely used in marketing and economics for visualization information in a clear and visual form. ConceptDraw PRO diagramming and vector drawing software offers the useful tools of the Target and Circular Diagrams solution from the Marketing area of ConceptDraw Solution Park for effective drawing a Circular Diagram of any complexity and design.

BPR Diagram. Business Process Reengineering Example

This sample was created in ConceptDraw PRO 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.
This circle diagram sample was redesigned from the Wikimedia Commons file: Research cycle.png. "Some of the basic elements of the scientific method, arranged in a cycle to emphasize that it is an iterative process." [commons.wikimedia.org/ wiki/ File:Research_ cycle.png]
This file is licensed under the Creative Commons Attribution 2.0 Generic license. [creativecommons.org/ licenses/ by/ 2.0/ deed.en]
"The scientific method is a body of techniques for investigating phenomena, acquiring new knowledge, or correcting and integrating previous knowledge. To be termed scientific, a method of inquiry must be based on empirical and measurable evidence subject to specific principles of reasoning. ...
Four essential elements of the scientific method are iterations, recursions, interleavings, or orderings of the following:
(1) Characterizations (observations, definitions, and measurements of the subject of inquiry).
(2) Hypotheses (theoretical, hypothetical explanations of observations and measurements of the subject).
(3) Predictions (reasoning including logical deduction from the hypothesis or theory).
(4) Experiments (tests of all of the above)...
A linearized, pragmatic scheme of the four points above is sometimes offered as a guideline for proceeding:
(1) Define a question.
(2) Gather information and resources (observe).
(3) Form an explanatory hypothesis.
(4) Test the hypothesis by performing an experiment and collecting data in a reproducible manner.
(5) Analyze the data.
(6) Interpret the data and draw conclusions that serve as a starting point for new hypothesis.
(7) Publish results.
(8) Retest (frequently done by other scientists).
The iterative cycle inherent in this step-by-step method goes from point 3 to 6 back to 3 again." [Scientific method. Wikipedia]
The circle diagram example "Research 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
Circle diagram
Circle diagram, circle diagram, circular diagram,

Program to Make Flow Chart

Use ConceptDraw PRO diagramming and business graphics software for drawing your own PM life cycle flow charts.

segmented cycle diagram, marketing diagrams, circular arrows diagrams Circular Arrows Diagrams

segmented cycle diagram, marketing diagrams, circular arrows diagrams
Circular Arrows Diagrams solution extends ConceptDraw PRO v10 with extensive drawing tools, predesigned samples, Circular flow diagram template for quick start, and a library of ready circular arrow vector stencils for drawing Circular Arrow Diagrams, Segmented Cycle Diagrams, and Circular Flow Diagrams. The elements in this solution help managers, analysts, business advisers, marketing experts, scientists, lecturers, and other knowledge workers in their daily work.
This arrow loop diagram sample was created on the base of the figure illustrating the webpage "Safe Roads for a Safer Future A Joint Safety Strategic Plan" from the website of US Department of Transportation - Federal Highway Administration (FHWA) Office of Safety.
"STRATEGIC PLANNING CYCLE.
After the safety units issue the SSP, they will identify and prioritize strategies to support the established goals. Many strategies will originate in existing roadmaps or in other program planning activities. The safety units will also use this information when developing their Unit Performance Plans and individual performance plans. Teams within each safety unit will carry out projects and activities to support identified strategies and achieve the SSP goals.
The SSP process also includes continuous performance monitoring and evaluation through which the safety units will review past accomplishments against the established goals, consider how well strategies are implemented, assess progress toward goals, identify risks, consider changes in the environment, and discuss future strategic direction. As a part of the evaluation process, the three safety units will recognize achievements and discuss the need for adjustments. Figure ... shows the strategic planning cycle.
The safety units will update the SSP every 3 to 5 years using input from a variety of sources, including evaluations, safety trends, and legislative changes." [safety.fhwa.dot.gov/ ssp/ ]
The arrow loop diagram example "Strategic planning 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 diagram
Arrow loop diagram, arrow loop diagram,