Financial Accounting

The explanation bike refers to the process by which companies produce their m wiztary statements for a specific period of time. It is c altogethered a motorbike because the steps are repeated each reporting period. The agreement at which I am employed completes its accounting rack monthly. The establishment is a privately owned nursing preparedness pass and incorporated in the state of Virginia that has been in business organization since 1966. An history of the over entirely accounting vibration at the organization including a description of the people, processes, and systems that are integral to the cycle will follow. The organization currently employs 130 employees in a subdivisionalized system. Each division is supervised by a surgical incision director who is trustworthy for the communication and documentation to support inside and external transactions that follow in his or her de lineamentment. For example, the housework director orders all of the cleaning supplies for the facility and sends the purchase orders he completes for the supplies to the accounting spotlight upon delivery of the goods. The accounting office is part of the administration department and includes one full-time employee who performs the duties pertaining to accounts payable and one full-time employee who performs the duties pertaining to accounts receivables. The payroll, which is performed bi-weekly, is besides part of the accounts receivable employees job responsibilities.

The decision maker/owner and I oversee the accounting office functions as well as performing specific aspects of the a ccounting cycle on a monthly understructure! . The administrator/owner very much works from sept and I am not real located in the accounting office on a full-time basis because I also oversee the day-after-day operations of the integral facility. Many different transactions occur throughout the organization. However, not all transactions are save as part of the accounting cycle. Kieso, Weygandt, & Warfield (2004) explain that the source step... If you want to get a full essay, order it on our website: OrderCustomPaper.com

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