Accounting Cycle

By: Amelle Gallespen

Updated By: Marissa Pascual

Introduction to Accounting
Accounting Cycle
Accounting Cycle
Accounting Cycle
Accounting Cycle
Accounting Cycle
Accounting Cycle
 The Accounting System:
A Conceptual Overview

Operating Environment
Entity B Entity C

Business Entity A
System Inputs: System Outputs:
Measurable Process and Financial
Transactions Summarize Statements
and Events and Reports

Entity D Entity E
 Exh.
2.2

The Accounting Process

Source
Transaction documents Analysis
or event

Reporting
Trial balance Recording &
posting
 Source Documents
• Identify which cycle these belong to:
– Time Cards
– Sales Order
– Delivery Ticket
– Purchase Requisition
– AR Credit Memo
– Deposit Slip
– Purchase Order
– Receiving Report
– W4 Data (Employee Withholding Data)
Introduction to Accounting
Sample Sales Journal

Introduction to Accounting
Recording and Posting to General
Ledger

Introduction to Accounting
Recording and Posting to
Subsidiary Ledger

Introduction to Accounting