Steps in the Accounting Process

Steps in the Accounting Process - The Accounting Process is a sequence of organization activities that is used for gaining quantitative information about the finances. This complex process consists of a set of sequential steps. 9 steps in the accounting process: Analysis of Business Transactions, Make Journal Entries, Post to Ledger Accounts, Prepare Trial Balance, Make Adjusting Entries, Adjusted Trial Balance, Prepare Financial Statements, Close Accounts, Post-Closing Trial Balance.

Basic Flowchart Symbols and Meaning

Flowcharts are the best for visually representation the business processes and the flow of a custom-order process through various departments within an organization. ConceptDraw PRO diagramming and vector drawing software extended with Flowcharts solution offers the full set of predesigned basic flowchart symbols which are gathered at two libraries: Flowchart and Flowcharts Rapid Draw. Among them are: process, terminator, decision, data, document, display, manual loop, and many other specific symbols. The meaning for each symbol offered by ConceptDraw gives the presentation about their proposed use in professional Flowcharts for business and technical processes, software algorithms, well-developed structures of web sites, Workflow diagrams, Process flow diagram and correlation in developing on-line instructional projects or business process system. Use of ready flow chart symbols in diagrams is incredibly useful - you need simply drag desired from the libraries to your document and arrange them in required order. There are a few serious alternatives to Visio for Mac, one of them is ConceptDraw PRO. It is one of the main contender with the most similar features and capabilities.

Cross Functional Flowchart Symbols

The excellent possibility to create attractive Cross Functional Flowcharts for step-by-step visualization the operations of a business process flow of any degree of detailing is offered by ConceptDraw’s Cross-Functional Flowcharts solution. The extensive selection of commonly used vector cross functional flowchart symbols allow you to demonstrate the document flow in organization, to represent each team member’s responsibilities and how processes get shared or transferred between different teams and departments.

IDEF0 standard with ConceptDraw PRO

The activity of any organization is more or less branchy network of processes. The description of these processes is a hard technical task which requires definite methodology and standards. According to the IDEF0 standard any process can be described in the form of a block (Activity Box) which has inputs and outputs. The process consists in transformation of inputs into outputs under the influence of the management and in the presence of necessary resources. Outputs of the given process later on can be either inputs for the next process or resources, or management means.

Business Process Workflow Diagram

Business Process Workflow Diagram is a professional visual tool that is widely applied for business development, business analysis, business process optimization and documenting business processes. Business Process Workflow Diagram lets depict in details the steps of business processes and flow of tasks between them, the execution of business processes, transfer of data and documents. The workflows on the Business Process Workflow Diagram are represented using the set of common symbols which let easy illustrate business processes and process flows, depict the start, all major steps and end of the process, what data are used by the process, how the data flow through the business areas within scope of our project, how the tasks are executed and by who, and how workers interact with each other.