Integrated Accounting Cycle Final Report

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This paper covers the Output part of the accounting cycle financial statements and other external reports.

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Integrated Accounting Cycle Final ReportTeam C: University of PhoenixACC/340Professor: Richard CalabriaJune 20, 2011 AbstractThis paper covers the Output part of the accounting cycle financial statements and other external reports. The paper included revised versions of the learning team C's previous Assignments. In this paper a detailed description of how teams C would apply the systems development life cycle to the proposed system. An explanation of how the participants in the accounting function contributed to the development of the system requirements is provided. Additionally, an analysis is provided to show how the proposed changes impact the measuring and controlling of operational performance. Integrated Accounting Cycle Final ReportIn today's competitive business world many organizations are looking for a competitive edge. The company Riordan Manufacturing Inc. is looking to gain a competitive edge by becoming more efficient and productive by improving their methods for performing accounting. The accounting cycle is often described as a process that includes the following steps: identifying, collecting and analyzing documents and transactions, recording the transactions in journals, posting the journalized amounts to accounts in the general and subsidiary ledgers, preparing an unadjusted trial balance, perhaps preparing a worksheet, determining and recording adjusting entries, preparing an adjusted trial balance, preparing the financial sta

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