Accounting cycle - this is a term given to the step-by-step process of recording and processing of economic transactions of a company. The accounting cycle helps in the creation of useful financial information in the form of financial statements.

1. Accounting Cycle
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2. What is Accounting Cycle?
 This is a term given to the step-by-step process
of recording and processing of economic
transactions of a company.
 The accounting cycle helps in the creation of
useful financial information in the form of
financial statements.
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3. The steps involved in the
Accounting Cycle are as under:
1. Collecting and analyzing transactions via journal
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entries
2. Posting journal entries to ledger accounts
3. Preparing unadjusted trial balance
4. Preparing adjusting entries
5. Preparing adjusted trial balance
6. Organizing the accounts into the financial
statements
7. Closing temporary accounts via closing entries
8. Preparing post-closing trial balance

4. Accounting software programs
 Accounting software programs are now gaining
popularity among businesses worldwide.
 Only a handful of companies perform the
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accounting cycle by hand.
 Computerized accounting systems have enabled
businesses to bring down mathematical errors in
the accounting process to a large extent.

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Accounting Cycle, visit
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