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.

What is the Accounting Cycle

Sample 1. What is the Accounting Cycle

What is the accounting cycle for a business? The accounting cycle for business starts from the creating chart of accounts and finishes with closing the book at the end of the accounting period after execution a series of steps in the accounting process of financial transactions of the firm.

ConceptDraw PRO diagramming and vector drawing software extended with Accounting Flowcharts Solution provides the Accounting Flowcharts library with wide variety of predesigned accounting flowchart symbols, and the set of templates and samples allowing you design the accounting flowcharts and show the steps of accounting cycle in minutes.

Steps of Accounting Cyle

Sample 2. Steps of Accounting Cycle

Use the ConceptDraw PRO with Accounting Flowcharts Solution to explain “What is the accounting cycle?” and create your own professional Accounting Flowcharts quick and easy.

steps in the accounting process

Sample 3. Accounting Flowcharts Solution

All source documents are vector graphic documents. They are available for reviewing, modifying, or converting to a variety of formats (PDF file, MS PowerPoint, MS Visio, and many other graphic formats) from the ConceptDraw STORE. The Accounting Flowcharts Solution is available for all ConceptDraw PRO v9.5 or later users.






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TEN RELATED HOW TO's:

How to Create Flowcharts for an Accounting Information System

It can be tough to get straight into business papers and processes.Otherwise, you can learn how to create flowcharts for an accounting information system and visualize these documents. Accounting diagrams are clear and easy to understand for all the participants of the process. There are symbols used for creating accounting flowcharts using ConceptDraw PRO and its Accounting Flowcharts solution. Accounting flow charts are a special kind of flow charts. Actually a variety of flowcharts are often used to facilitate many aspects of a workflow of accounting department. Accounting flowcharts are utilized to support creating accounting documentation, to depict positions responsible for fulfillment of each phase of accounting workflow.Accounting Information System, this is flowchart maker
Picture: How to Create Flowcharts for an Accounting Information System
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Draw Flowcharts with ConceptDraw

Start design your own flowchart with ConceptDraw PRO and accomplish great results at the moment.Flowchart - Product life cycle process
Picture: Draw Flowcharts with ConceptDraw
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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.Purchasing Flowchart
Picture: How Do You Make An Accounting Process Flowchart?
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Basic Flowchart Symbols and Meaning

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.Flowchart Symbols and Meaning, workflow diagram symbols, process flow diagram symbols
Picture: Basic Flowchart Symbols and Meaning
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Process Flowchart

When trying to figure out the nature of the problems occurring within a project, there are many ways to develop such understanding. One of the most common ways to document processes for further improvement is to draw a process flowchart, which depicts the activities of the process arranged in sequential order — this is business process management. ConceptDraw PRO is business process mapping software with impressive range of productivity features for business process management and classic project management. This business process management software is helpful for many purposes from different payment processes, or manufacturing processes to chemical processes. Business process mapping flowcharts helps clarify the actual workflow of different people engaged in the same process. This samples were made with ConceptDraw PRO — business process mapping software for flowcharting and used as classic visio alternative because its briefly named "visio for mac" and for windows, this sort of software named the business process management tools. This flowchart diagram shows a process flow of project management. The diagram that is presented here depicts the project life cycle that is basic for the most of project management methods. Breaking a project into phases allows to track it in the proper manner. Through separation on phases, the total workflow of a project is divided into some foreseeable components, thus making it easier to follow the project status. A project life cycle commonly includes: initiation, definition, design, development and implementation phases. Distinguished method to show parallel and interdependent processes, as well as project life cycle relationships. A flowchart diagram is often used as visual guide to project. For instance, it used by marketing project management software for visualizing stages of marketing activities or as project management workflow tools. Created with ConceptDraw PRO — business process mapping software which is flowcharting visio alternative or shortly its visio for mac, this sort of software platform often named the business process management tools.business process flowcharts, flowchart symbols, process flow diagram, workflow diagram, flowchart maker
Picture: Process Flowchart
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Metropolitan area networks (MAN). Computer and Network Examples

A list of parameters on which networks differ is very long. A large network with a range up to 50 kilometers is called metropolitan area network (MAN), and this type of network can include several local area networks. Metropolitan networks in their turn connect into global area networks. Here you will see a Metropolitan Area Network (MAN). This is an extensive network which occupies a large territory including a few buildings or even the whole city. The space of the MAN is bigger than LAN, but lower than WAN. MAN comprise a lot of communication equipment and delivers the Internet connection to the LANs in the city area. Computer and Networks solution for ConceptDraw PRO provides a set of libraries with ready-to-use vector objects to design various kinds of computer networks.Metropolitan area networks (MAN). Computer and Network Examples
Picture: Metropolitan area networks (MAN). Computer and Network Examples
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Types of Welding in Flowchart

This sample was created in ConceptDraw PRO diagramming and vector drawing software using the Flowcharts solution from the What is a Diagram area of ConceptDraw Solution Park. This sample shows the Flowchart that displays the solid-state welding processes, the types of welding.Solid-state welding processes
Picture: Types of Welding in Flowchart
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ConceptDraw PRO ER Diagram Tool

Database design is an important part of any project, as databases become more and more complex nowadays. To make the model more representative, entity relationship diagrams are widely used in software engineering area. These diagrams show sets of entities as rectangles connected via lines labeled with their cardinalities. This an example of the ER-diagram developed to store information regarding some online role-playing game. It includes three main elements of ER diagram: entities, relationships and attributes. The entities, attributes and relationships on this ER-diagram is depicted according to the Chen's notation. Chen's notation for Entity Relationship diagrams admits using of rectangles to depict entities, ovals for attributes and ,at least, diamonds to show relationships . ConceptDraw Entity-Relationship Diagrams solution was applied as ERD software to create this diagram.ER Diagram Tool. Chen ERD
Picture: ConceptDraw PRO ER Diagram Tool
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Flowchart Software

ConceptDraw PRO is a Mac OS X and Windows software. Numerous vector stencils, samples and templates created by designers are included in the basic package. This is classic flowchart maker which exactly follows the industry standards using flowchart symbols geathered during a ten years into solution park.diagram-software-flowchart-software-free-trial-for-mac-and-pc
Picture: Flowchart Software
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Matrix Organization Structure

Matrix organizational structure is one of the main forms of structures which is actively used by organizations to carry forth the functions of a company visually and effectively. Now we have ConceptDraw PRO diagramming and vector drawing software extended with 25 Typical Orgcharts solution from the Management area of ConceptDraw Solution Park which will help easy represent matrix organizational structure of any degree of complexity.Matrix Organization Structure
Picture: Matrix Organization Structure
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The full complement of features needed to successfully plan and execute projects, including task and resource management, reporting, and change control