2019-01-21T11:00:21+00:00 Assignments

Topic: ACC 201 Final Project Part I Accounting Cycle Report

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Topic: ACC 201 Final Project Part I Accounting Cycle Report

Instructions:

Final Project Part I: Accounting Cycle Report Rubric Guidelines for Submission: The accounting cycle report should be 1–2 pages in length and should use double spacing, one-inch margins, and 12-point Times New Roman font. Sources should be cited according to APA style. Accounting Cycle Report a) Identify the steps of the accounting cycle and provide a description of each step. b) What role does each step play in the success of a business? c) How could the omission of a step impact the success of a business? What strategies could be used to avoid this? d) What are the major financial statements that come out of the accounting cycle? Why are they important?

Content:

Accounting Cycle Name Institutional Affiliation The Accounting Cycle In order to account for the business activities of a given organization or a corporation in a given accounting period, there are a number of steps that must be followed. An accountant in a given company or organization must perform these steps with the main goal being to gather the necessary information that will be used in the preparation of the financial statement. These steps are called the accounting cycle. Even though different sources classify the account cycle series slightly different in each period, the essay will provide a nine-step series that will cover the whole accounting c...


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