Steps of Accounting Cycle
The accounting cycle is a complex process that consists of a set of steps occurred in the accounting period. It is called a cycle because the accounting workflow is circular: after execution one accounting period consisting of a sequence of steps of accounting cycle, starts the next accounting period.
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.
Sample 1. Steps of Accounting Cycle
The execution of the eight basic steps of accounting cycle leads to success work of your organization.
ConceptDraw DIAGRAM diagramming and vector drawing software extended with Accounting Flowcharts Solution provides the Accounting Flowcharts library with predesigned vector shapes, variety of templates and samples to help you easily show the steps of accounting cycle and quickly design the accounting flowcharts.
Sample 2. Accounting Flowcharts – Purchasing Flowchart
This sample was created in ConceptDraw DIAGRAM using the Accounting Flowcharts library from the Accounting Flowcharts Solution and shows the purchasing process flow. An experienced user spent 10 minutes creating this sample.
Use the ConceptDraw DIAGRAM with Accounting Flowcharts Solution to create your own professional Accounting Flowcharts of any complexity quick and easy.
The Accounting Flowcharts produced with ConceptDraw DIAGRAM are vector graphic documents and are available for reviewing, modifying, and converting to a variety of formats (image, HTML, PDF file, MS PowerPoint Presentation, Adobe Flash or MS Visio).
TEN RELATED HOW TO's:
Tips on how to make an accounting flowchart. Describing methods and symbols that are used to represent the accounting system.
Picture: How to Make an Accounting Process Flowchart
Related Solution:
While creating flowcharts and process flow diagrams, you should use special objects to define different statements, so anyone aware of flowcharts can get your scheme right. There is a short and an extended list of basic flowchart symbols and their meaning. Basic flowchart symbols include terminator objects, rectangles for describing steps of a process, diamonds representing appearing conditions and questions and parallelograms to show incoming data.
This diagram gives a general review of the standard symbols that are used when creating flowcharts and process flow diagrams. The practice of using a set of standard flowchart symbols was admitted in order to make flowcharts and other process flow diagrams created by any person properly understandable by other people. The flowchart symbols depict different kinds of actions and phases in a process. The sequence of the actions, and the relationships between them are shown by special lines and arrows. There are a large number of flowchart symbols. Which of them can be used in the particular diagram depends on its type. For instance, some symbols used in data flow diagrams usually are not used in the process flowcharts. Business process system use exactly these flowchart symbols.
Picture: Basic of Flowchart: Meaning and Symbols
Related Solution:
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.
Picture: BPR Diagram. Business Process Reengineering Example
Related Solution:
ConceptDraw - feature-rich flowchart software allows you create professional looking flowcharts.
Picture: Best Program to Create a Flowchart
Related Solution:
Event-Driven Process chain Diagrams for improvement throughout an organisation. Best software for Process Flow Diagram. The Event-driven Process Chain (EPC) Diagrams allows managers to plan processes and resources.
Picture: Business process Flow Chart — Event-Driven Process chain (EPC) diagrams
Related Solution:
When you need a drawing software to create a professional looking cross-functional charts, ConceptDraw with its Arrows10 Technology - is more than enough versatility to draw any type of diagram with any degree of complexity.
Use templates with process maps, diagrams, charts to get the drawing in minutes.
Picture: Cross-Functional Process Map Template
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 DIAGRAM has a predesigned library, tips, methods and symbols for easy drawing an Accounting Flowchart.
Picture: Accounting Flowchart
Related Solution:
This sample was created in ConceptDraw DIAGRAM software using the Flowcharts solution.
Picture:
Copying Service Process Flowchart.
Flowchart Examples
Related Solution:
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.
Picture: Audit Procedures
Related Solution:
Color can be a very powerful tool when crafting images. Often, however, its usage is not justified.
Picture: Coloring Graphs
Related Solution:
