Accounting Cycle

Welcome: Accounting Cycle
Description: The accounting cycle is a collective process of identifying, analyzing, and recording the accounting events of a company. The series of steps begin when a transaction occurs and end with its inclusion in the financial statements. Additional accounting records used during the accounting cycle include the general ledger and trial balance.
Grade Level: 9-12
Curriculum: Business / Economics
Keywords: Source document, Journals, Ledger, Transaction, Trial balance, Income statement and Statement of financial position
Author(s): Teleisha Thomas