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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.

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 DIAGRAM 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 DIAGRAM 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 DIAGRAM or later users.






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Fast creating visualization for structured data is the main capability of ConceptDraw DIAGRAM software. With numerous vector stencils from object libraries and the RapidDraw technology this software becomes the best cross-functional flowchart software.Create a Cross-Functional Flowchart *
Picture: Create a Cross-Functional Flowchart
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When we start to speak about databases, we must always mention database structure visualization. One of the most common ways to do it is to create an entity relationship diagram, and to put appropriate symbols on it. It is important either for database projecting and for its' future maintenance. Entity Relationship Diagram describes data elements and their relationships within a database. There are a set of special symbols that depict each element of an entity relationship diagram. Entities - represents some stable components such as supplier, employee, invoice, client, etc. Relation symbols show how the entities interact. Attributes define characteristics of the relationships. Attributes can be one-to-one or many-to-many. Physical symbols is used in the physical models. They represent items such as fields, tables, types and keys. ERD physical symbols are the building material for the database. Notation lines are used to illustrate the relationships. The most common method is Crow’s Feet notation. You can use ConceptDraw Entity-Relationship Diagram (ERD) solution to represent a database using the Entity-Relationship model.Entity Relationship Diagram Symbols
Picture: Entity Relationship Diagram Symbols
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This sample was created in ConceptDraw DIAGRAM diagramming and vector drawing software using the Computer and Networks solution from Computer and Networks area of ConceptDraw Solution Park. This sample shows the Hierarchical network topology. A Hierarchical network topology interconnects multiple groups that are located on the separate layers to form a larger network. Each layer concentrates on the specified functions, this allows to choose the right equipment for the layer.Hierarchical Network Topology *
Picture: Hierarchical Network Topology
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Activity Network Diagram - This sample was created in ConceptDraw DIAGRAM diagramming and vector drawing software using the Seven Management and Planning Tools solution from the Management area of ConceptDraw Solution Park. This sample shows the PERT (Program Evaluation Review Technique) chart of the request on proposal. A request for proposal (RFP) is a request of the company or the organization to potential suppliers to submit the business proposals for service or goods that it is interested to purchase. The RFP is represented on the initial procurement stage and allows to define the risks and benefits.Activity Network Diagram Method *
Picture: Activity Network Diagram Method
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Diagramming is an astonishing way to visualize business processes. The list of the most common business process flowchart symbols is quite long starting from basic flowcharts, continuing with SIPOC diagrams. Business process modeling was never easier than now, with special ConceptDraw Business Process Mapping solution. To carry out all professional standard requirements for business processes mapping, it is necessarily to follow the special graphical notations. ConceptDraw Business Process Mapping solution offers an exhaustive suite of tools to aid business process mapping. There are three vector libraries SIPOC Diagrams, Business Process Flowcharts, and Swim Lanes that contains totally more than 50 symbols of standard BPM notations. This is all that professionals need to effectively evaluate and manage quality in business processes.Business Process Flowchart Symbols *
Picture: Business Process Flowchart Symbols
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Picture: Why is it important to have a formal purchasing process?
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Relative value is a value measured in the terms of liquidity, risks, return of one investment or financial instrument relative to another. Relative values are widely used in:business, economics, investment, management, marketing, statistics, etc. ConceptDraw DIAGRAM software is the best for drawing professional looking Relative Value Charts. ConceptDraw DIAGRAM provides Divided Bar Diagrams solution from the Graphs and Charts Area of ConceptDraw Solution Park.Relative Value Chart Software *
Picture: Relative Value Chart Software
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Picture: Visual Presentations Made Easy with Diagramming Software
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When talking about engineering, one should define all the terms used, so anybody could understand the topic. Typical network glossary contains definitions of numerous network appliances, types of networks and cable systems. The understanding of basic is crucial for server management, network administration and investigating problems. The network glossary defines terms related to networking and communications. The most of glossary items has their visual representation in ConceptDraw DIAGRAM libraries of the Computer Network Diagrams solution. This illustration presents a local area network (LAN) diagram. It designed to show the way the interaction of network devices in a local network. The diagram uses a library containing symbols of network equipment, connections and the end-point devices such as network printer, hubs, server, modem and finally computers (PC, mac, laptop). This diagram depicts a physical LAN topology.Network Glossary Definition *
Picture: Network Glossary Definition
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Structured-systems analysis and design method uses data flow diagrams to represent the process of data flowing through a system. Talking about this might be useless without a proper example of DFD for online store (Data Flow Diagram). This DFD example shows all the distinctness that a diagram can bring into a scattered data structure. Data flow diagrams are used to show how data is processed within some business processes. Making DFD is a common practice for business process modeling and analysis. This diagram represents the online store business flow. It describes inputs and outputs within online selling process and depicts the interactions between its participants. This DF diagram can be used by system analysts to create an overview of a business, to study and discover its inherent strengths and weak points.Example of DFD for Online Store
Picture: Example of DFD for Online Store (Data Flow Diagram)
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