Sample content Accounting Cycle Description Paper ACC/340 Accounting Cycle Description Paper In today’s company culture, the part of accounting is a crucial part of pretty much every big retail company. This is certainly the case with Riordan Manufacturing, Inc.; actually some of companies’ achievement is a direct consequence of its conversion accounting cycle. A lot of people disregard the significance of the part of accounting in company. As per Loflin, the 5 cycles a company could use are the income cycle, the expense cycle, the funding cycle, the fixed asset cycle, as well as the conversion cycle (2008). The truth is a company’s capability to perform all the accounting cycles efficiently and effectively could make or break a company. Strengths and Weaknesses of the Internal Controls As Riordan Manufacturing has a number of different factory sites, each site features its own accounting system. This asset can be viewed as strength; however only for that specific sit