Uncategorized

What is the Accounting Cycle?

The accounting cycle is a process that bookkeepers, accountants, and businesses use to prepare financial statements. It’s a systematic and disciplined approach that ensures the consistency and accuracy of financial reporting. Below are components of the accounting cycle and the relevance to business stakeholders. Accounting Cycle Defined The process of identifying relevant transactions and economic events, …

What is the Accounting Cycle? Read More »