The accounting cycle begins with journal entries.
Financial and business terms. 2012.
Accounting Cycle — The name given to the collective process of recording and processing the accounting events of a company. The series of steps begin when a transaction occurs and end with its inclusion in the financial statements. The nine steps of the accounting… … Investment dictionary
accounting cycle — The sequence of steps in accounting for a financial transaction entered into by an organization. First, it is recorded in the books of account and finally it will be aggregated with other transactions in the financial statements for a financial… … Accounting dictionary
cycle — cy‧cle [ˈsaɪkl] noun [countable] a series of events that happen in an order that regularly repeats itself: • Approved Training Practices are monitored by the Association on a five year cycle. ˈbilling ˌcycle ACCOUNTING the usual time that is… … Financial and business terms
Accounting information system — An accounting information system (AIS) is the system of records a business keeps to maintain its accounting system. This includes the purchase, sales, and other financial processes of the business. The purpose of an AIS is to accumulate data and… … Wikipedia
Accounting (UIL) — Accounting is one of several academic events sanctioned by the University Interscholastic League. The contest began in the 1986 87 scholastic year.Accounting is designed to test students understanding of general accounting principles and… … Wikipedia
accounting — /euh kown ting/, n. 1. the theory and system of setting up, maintaining, and auditing the books of a firm; art of analyzing the financial position and operating results of a business house from a study of its sales, purchases, overhead, etc.… … Universalium
Reconciliation (accounting) — In accounting, reconciliation refers to a process that compares two sets of records (usually the balances of two accounts) to make sure they are in agreement. Reconciliation is used to ensure that the money leaving an account matches the actual… … Wikipedia
cycle counting — cycle count UK US noun [C] ► ACCOUNTING, PRODUCTION, COMMERCE the process of counting a small chosen set of goods and materials owned by a company or available for sale in a store, etc. on each business day rather than having one time of the year … Financial and business terms
cycle count — UK US noun [C] ► ACCOUNTING, PRODUCTION, COMMERCE the process of counting a small chosen set of goods and materials owned by a company or available for sale in a store, etc. on each business day rather than having one time of the year, etc. when… … Financial and business terms
The War Against the Chtorr — … Wikipedia
