Introduction:
Accounting is the art of recording, summarizing, classifying and reporting financial
transactions and other events of an enterprise.
The following flowchart shows the steps in the accounting cycle. These are the
accounting procedures normally used by enterprises to record transactions and prepare
financial statements
Transactions (١)
Analyze and
Classify (٢)
Journalize (٣)
General Journal
Posting (٤)
General Ledger
Post Closing
Trial Balance
(١٠)
Closing (٩)
(Nominal
Accounts)
Financial
Statement
Preparation
(٨)
Income
Statement
Trial Balance
Preparation
(٥)
Adjusting Entries (٦)
Accruals
Prepayments
Estimated items
Adjusted trial balance (٧)
THE
ACCOUNTING
CYCLE
Below, the flowchart steps have been explained in detail:
١. Transaction:
The processing of accounting data begins with an economic transaction, where two
or more parties engage in an exchange of goods or services for some form of
consideration. Evidence of this happening is the receipt of some form of a source
document. Common examples of such a source document include:
• A sales receipt - this can be in a variety of forms.
• A purchase invoice.
A debit/credit memorandum.
• A copy of a contract entered into.
• A billing statement.
• A remittance statement.
There are a multitude of source documents, in type, shapes, and format used to record
the significant data. It is these documents, which become the basis for data input to the
accounting processing. But, prior to the actual data entry, the documents must be
subjected to a series of analysis and classification.
٢. Analyze and classify:
٢٫١. Analyze:
This phase of the accounting process includes the application of several of the
accounting principles, namely:
The Entity Concept - This is probably the most basic of all concepts in accounting.
As applied here in this phaseالادارة المالية والتحليل المالي, بادئ المحاسبة المالية, ,مبادى المحاسبة المالية,كتب محاسبة مالية جامعة القاهرة,المحاسبة المالية المتقدمة
,ماهي الدورة المحاسبية,مبادئ محاسبة مالية, ,اساسيات المحاسبة المالية
تعليم محاسبة مالية
للتحميل اضغط هنا
تقارير مالية باللغة الانجليزية
Accounting is the art of recording, summarizing, classifying and reporting financial
transactions and other events of an enterprise.
The following flowchart shows the steps in the accounting cycle. These are the
accounting procedures normally used by enterprises to record transactions and prepare
financial statements
Transactions (١)
Analyze and
Classify (٢)
Journalize (٣)
General Journal
Posting (٤)
General Ledger
Post Closing
Trial Balance
(١٠)
Closing (٩)
(Nominal
Accounts)
Financial
Statement
Preparation
(٨)
Income
Statement
Trial Balance
Preparation
(٥)
Adjusting Entries (٦)
Accruals
Prepayments
Estimated items
Adjusted trial balance (٧)
THE
ACCOUNTING
CYCLE
Below, the flowchart steps have been explained in detail:
١. Transaction:
The processing of accounting data begins with an economic transaction, where two
or more parties engage in an exchange of goods or services for some form of
consideration. Evidence of this happening is the receipt of some form of a source
document. Common examples of such a source document include:
• A sales receipt - this can be in a variety of forms.
• A purchase invoice.
A debit/credit memorandum.
• A copy of a contract entered into.
• A billing statement.
• A remittance statement.
There are a multitude of source documents, in type, shapes, and format used to record
the significant data. It is these documents, which become the basis for data input to the
accounting processing. But, prior to the actual data entry, the documents must be
subjected to a series of analysis and classification.
٢. Analyze and classify:
٢٫١. Analyze:
This phase of the accounting process includes the application of several of the
accounting principles, namely:
The Entity Concept - This is probably the most basic of all concepts in accounting.
As applied here in this phaseالادارة المالية والتحليل المالي, بادئ المحاسبة المالية, ,مبادى المحاسبة المالية,كتب محاسبة مالية جامعة القاهرة,المحاسبة المالية المتقدمة
,ماهي الدورة المحاسبية,مبادئ محاسبة مالية, ,اساسيات المحاسبة المالية
تعليم محاسبة مالية
للتحميل اضغط هنا
تقارير مالية باللغة الانجليزية
