Steps of Accounting Cycle

Accounting Flowcharts – Purchasing Flowchart

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.
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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.

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.

Steps of Accounting Cycle

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

Used Solutions

What is a Diagram >

Circle-Spoke Diagrams

Draw Flowcharts with ConceptDraw

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Basic Diagramming

Flowchart - Project Management Life Cycle

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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.

Program to Make Flow Chart

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

Good Flow Chart app for Mac

The ConceptDraw PRO is a good flow chart app for Mac. Numerous vector stencils, samples and templates created by designers allows you to draw any type of flowchart.

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.