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:
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
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
This sample was created in ConceptDraw DIAGRAM diagramming and vector drawing software using the Flowcharts solution from the Diagrams area of ConceptDraw Solution Park.
This sample shows the Flowchart on that it is displayed the process of the determination the permissibility according the Access Copyright license. The diamonds represent the decision points. Inside the diamonds are the questions that need the answer yes/no. It is necessary to answer on the question, make the decision that will determine the next step.
Picture: Copying Service Process Flowchart. Flowchart Examples
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
Color can be a very powerful tool when crafting images. Often, however, its usage is not justified.
Picture: Coloring Graphs
Auditing Process, Audit Planning Process - The audit is complex process of independent examination of data, statements, operations, financial performances of an enterprise for a stated purpose. The auditing process consists of defined quantity of audit steps. Planning is fundamental stage of auditing process. The carefully thought-out audit planning process ensures the success of the business project.
Picture: Auditing Process. Audit Planning Process
In electrical engineering, a switch is an electrical component that can break an electrical circuit, interrupting the current or diverting it from one conductor to another. The mechanism of a switch may be operated directly by a human operator to control a circuit (for example, a light switch or a keyboard button), may be operated by a moving object such as a door-operated switch, or may be operated by some sensing element for pressure, temperature or flow. A relay is a switch that is operated by electricity. Switches are made to handle a wide range of voltages and currents; very large switches may be used to isolate high-voltage circuits in electrical substations.
26 libraries of the Electrical Engineering Solution of ConceptDraw DIAGRAM make your electrical diagramming simple, efficient, and effective. You can simply and quickly drop the ready-to-use objects from libraries into your document to create the electrical diagram.
Picture: Electrical Symbols — Switches and Relays
Choose the business illustration design you love best, and sign our design your own style with Business and Finance Illustrations library from ConceptDraw DIAGRAM.
The Business and Finance solution contains 12 vector clipart libraries: Advertising, Business, Business people clipart, Business people figures, Currency, Mail and post, Management, Marketing, Money, Office, Project management, Time
Picture: Business and Finance Illustrations
There are many tools to manage a process or to illustrate an algorithm or a workflow. Flowcharting is one of those tools. However, it may be difficult to show complex processes that require multiple attributes or several people in a simple flowchart, so a cross-functional flowchart would be a solution for that situation. To create such flowchart, group processes and steps to labeled rows or columns, and divide those groups with horizontal or vertical parallel lines. It is worth mentioning that there are different types of cross-functional flowcharts, like opportunity or deployment flowchart.
This diagram shows a cross-functional flowchart that was made for a trading process. It contains 14 processes, distributed through 5 lines depicting the participants who interact with the process. Also there are connectors that show the data flow of information between processes. The cross-functional flowchart displays a detailed model of the trading process, as well as all participants in the process and how they interact with each other. The lines in the flowchart indicates the position, department and role of the trading process participants.
Picture: Cross-Functional Flowchart