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Accounting

ACC 205 Week 2 DQ Accounting Cycle

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ACC 205 Week 2 DQ
1 Accounng Cycle
Financial statements are a product of the accounng cycle. Think about two dierent companies: a
manufacturing company, and a retail company. Why would dierent companies have dierent
accounng cycles? Would you expect the steps of the accounng cycle to be the same for each
company? Why or why not?
Guided Response:
Review several of your peers’ posts and idenfy what steps of the accounng cycle that you feel are
the most crical. Respond to at least two of your peers and provide recommendaons to extend their
thinking. Challenge your peers by asking a queson that may cause them to reevaluate their posion
on the accounng cycle.
Accounting Cycle

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Accounting Cycle
Financial statements are a product of the accounting cycle. Think about two different
companies, one a manufacturing company, the other a retail company. Why would different
companies have different accounting cycles? Would you expect the steps of the accounting
cycle to be the same for each company? Why or why not?
The Accounting Cycle
Accounting Cycle Description Paper
The payroll processing cycle is very time consuming and tedious when
done manually. Therefore, the ‘Mom and Pop’s Grocery Store’ has
elected to integrate its payroll with a computer software program. With
this implementation the payroll process will be more efficient and
effective. This paper will explain how the payroll processing cycle for
‘Mom and Pop’s Grocery Store’ integrates onto an enterprise-wide
accounting information system. An enterprise-wide accounting
information system “focuses on the business process of the organization
as a whole” (Bagranoff, Simkin, & Stand, 2008, p. 7).

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