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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.

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.

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.

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 DIAGRAM.

ConceptDraw DIAGRAM 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.

Accounting Flowchart: Purchasing, Receiving, Payable and Payment

Accounting flowchart is a system of processes to represent accounting system of an organization. How to create flowcharts for an accounting information system.

How Do You Make An Accounting Process Flowchart?

To describe the accounting processing use ConceptDraw Flowchart set of symbold created for Accounting data processing.
Tips, Methods and Symbols on How to Create Flowcharts for an Accounting Information System.

Material Requisition Flowchart. Flowchart Examples

Create your own material requisition flow charts using the ConceptDraw DIAGRAM diagramming and vector drawing software extended with the Flowcharts solution from the Diagrams area of ConceptDraw Solution Park.
The flowchart example shows the material requisition business process.

What can go wrong if the purchasing process is not followed?

Make sure that your purchasing process complies with the standards and regulations. Common key elements of purchasing process.

Data Flow Diagram Process

This example is created using ConceptDraw DIAGRAM enhanced with solution Data Flow Diagrams. It shows the process of account receivable.

BPMN standard, Business Process Diagram, BPMN, Business Process Business Process Diagrams

BPMN standard, Business Process Diagram, BPMN, Business Process
Business Process Diagrams solution extends the ConceptDraw DIAGRAM BPM software with RapidDraw interface, templates, samples and numerous libraries based on the BPMN 1.2 and BPMN 2.0 standards, which give you the possibility to visualize equally easy simple and complex processes, to design business models, to quickly develop and document in details any business processes on the stages of project’s planning and implementation.

Business and Finance Illustrations Example

ConceptDraw Business Finance Illustration examples and libraries contain vector clip art for drawing different Business and Finance Illustrations. You may find Advertising example, Project Management example, Business Model example and many more.