Accounting Work: Accounting Cycle.

The explanation cycle for some institutions can be the analogous or different depending on the type of composition. Within a school district, such as North Merrick Union take over School District, the accounting cycle is accommodate around the expending per child. It is also a not for profit organization; this differs from an organization in which a profit is the goal of the company. Being occupied as a Special Education Teacher aide-de-camp I dont really carry access to the whole accounting accomplish. I do nab a portion of the process such as the time shroud for my hours worked and the final resultant of my paycheck. Organizations do go through an accounting process in erect to define and pay for their expenses. The accounting process is a serial of activities that begins with a performance and ends with the closing of the books. Because this process is perennial each account period, it is referred to as the accounting cycle and includes these major(ip) step: 1 . Identify the deed or other recognizable event. 2. Prep argon the transactions source enter such as a buy order or invoice. 3. Analyze and tidy up the transaction. This step involves quantifying the transaction in monetary terms (e.g. dollars and cents), identifying the accounts that are affected and whether those accounts are to be debited or credited. 4.

Record the transaction by making entries in the appropriate journal, such as the sales journal, purchase journal, cash receipt or outgo journal, or the general journal. Such entries are made in chronological order. 5. Post general journal entries to the led ger accounts. (2005, NetMBA.com). check to! the earnings Center for Management and Business Administration, Inc. the above steps are performed passim the accounting period as proceeding occur or in periodic batch processes (2005, NetMBA.com). At the end of the accounting... If you want to press a full essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay