accounting cycle

1 . Recording Data in the source document / transaction receipt .
2 . Journalizing , ie analyzing and recording transactions in a journal ( diary ) .
3 . Doing posting to the General Ledger debits and credits that transfer of the journal to the General Ledger accounts .
4 . Preparation of Balance Balance Balance Balance unttuk to prepare a check for the balance of the General Ledger .
5 . Makes adjusting entries and enter jumlahya the Trial Balance .
6 . Creating closing verses are journaling and transfer the closing verses .
7 . Preparation of Financial Statements ie Income Statement , Changes in Equity and Balance Laporaan .



In the accounting information system contained 5 cycles , among others :
1 . Revenue Cycle
The revenue cycle is a series of business activity and information processing activities terkaji repeated by providing goods and services to customers and collecting cash as payment of those sales . External information exchange foremost in this cycle is with the customer . The main purpose is revenue cycle to deliver the right product at the right place and time at an acceptable price .

2 . Expenditure Cycle
Expenditure cycle is a series of business activities and related data processing operations associated with the purchase and payment of goods and services . In the expenditure cycle , the primary information exchange is the supplier ( vendor ) . The main objective in the expenditure cycle is to minimize the total cost of acquiring and maintaining supplies , equipment , and various services needed to serve the organization .

3 . Cycle Production
Production cycle is a series of business activities and related data processing operations continue to occur with regard to the manufacture of the product . Revenue cycle information systems provide information ( customer orders and sales forecast ) which is used to plan production and inventory levels . In contrast , the production cycle of the information system sends information to the revenue cycle finished goods that have been created and are available for sale . Information regarding the need for raw materials shipped to the expenditure cycle information system in the form of a purchase request form . Instead , the expenditure cycle system provides information on the acquisition of raw materials and also about the other expenses included in manufacturing overhead . Only manufacturing companies who have these cycles .

4 . Cycle Payroll and Human Resource Management
Cycle HR management / payroll is a series of recurring business activities and related data processing operations associated with an effective way to manage employees .

5 . Financial Cycle
Cycle serves to accommodate financial accounting transactions that record the transfer of capital from owners and creditors , the use of capital to acquire assets and reporting .
Financial Cycle Consists of Journal Entry , Journal Ledger , Balance Sheet, L / R, etc

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