The document defines the accounting cycle as the sequence of accounting procedures starting with journal entries and ending with financial statements and closing of temporary accounts. It then provides definitions and explanations of the key components of the accounting cycle, including source documents, journals, ledgers, trial balances, adjusting journals, financial statements, closing journals, and post-closing trial balances.

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2. THE
ACCOUNTING
KANIA LUVITA SARI
IARA RATNAWULAN
FACHRUNISSA
FAHRANI SYARAH
ADNAN RIZKI
YUSUP MAULANA
PRESENTED BY
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4. Definition of Accounting
Advantage of Accounting
Accounting Cycle
Definition of
Accounting Cycle Source Documents Journal
Ledger Trial Balance Adjusting Journal
Financial
Statements Closing Journal
Post Closing
Trial Balance
Main Topic Accounting Cycle

5. DEFINITION OF
ACCOUNTING
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6. Accounting is the process of identifying,
measuring and communicating economic
information to permit information judgment and
decision by users of the information
DEFINITION OF
ACCOUNTING
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7. ADVANTAGE OF
ACCOUNTING
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8. ADVANTAGE OF
ACCOUNTING
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Accounting equipped with
techniques for collecting and
preferred to link economic data into a
variety of forms of companies, both
individuals and institutions.

9. ADVANTAGE OF
ACCOUNTING
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Find out the status and
financial condition of the
company for the future (for
owners and potential
investors)

10. ADVANTAGE OF
ACCOUNTING
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Sets the level of risk
associated with loans or
credits will be given (for
bankers and creditors)

11. ADVANTAGE OF
ACCOUNTING
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The base for determining
taxes and regulations (for
government agencies)

12. ADVANTAGE OF
ACCOUNTING
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For a comparative study, A systematic
record enables a business to compare
one year’s results with those of other
years and locate significant factors leading
to the change if any.

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14. ACCOUNTING
CYCLE
Source
Documents Journal
Ledger
Trial
Balance
Financial
Statements
Closing
Journal
Post-Closing
Journal

15. The accounting cycle is the
sequence of accounting procedures
starting with journal entries for
various transactions and ending
with the financial statements and
the closing of temporary accounts.
DEFINITION
ACCOUNTING CYCLE

16. A "source document"
is any form of paper
record that is
produced as a direct
consequence of a
financial transaction,
and as a result, is
evidence that the
transaction has taken
place.
SOURCE
DOCUMENTS

17. The journalis where double entry
bookkeeping entries are recorded by
debiting oneor more accountsand
crediting another one or more accounts
with the same total amount. The total
amount debitedand the total amount
credited should always be equal,
thereby ensuring the accounting
equation is maintained.
JOURNAL

18. A company's main accounting records. A
general ledger is a complete record of
financial transactions over the life of a
company. The ledger holds account
information that is needed to prepare
financial statements, and includes
accounts for assets, liabilities, owners'
equity, revenues and expenses.
LEDGER

19. TRIAL BALANCE, A bookkeeping
worksheet in which the balances of all
ledgers are compiled into debit and
credit columns. A company prepares a
trial balance periodically, usually at the
end of every reporting period. The
general purpose of producing a trial
balance is to ensure the entries in a
company's bookkeeping system are
mathematically correct.
TRIAL
BALANCE

20. Adjusting Journal is an entry in
financial reporting that occurs at the
end of a reporting period to record
any unrecognized income or
expenses for the period. When a
transaction is started in one
accounting period and finished in a
later period, an adjusting journal
entry is required to properly account
for the transaction.
ADJUSTING
JOURNAL #
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21. Financial Statements is a records that
outline the financial activities of a
business, an individual or any other entity.
Financial statements are meant to present
the financial information of the entity in
question as clearly and concisely as
possible for both the entity and for readers.
FINANCIAL
STATEMENTS

22. A journal entry made at the end of
the accounting period. The closing
entry is used to transfer data in
the temporary accounts to the
permanent balance
sheet or income
statement accounts.
CLOSING
JOURNAL

23. A post-closing trial balance is a list
of balances of ledger accounts
prepared after closing entries have
been passed and posted to the ledger
accounts.
POST CLOSING
TRIAL BALANCE