作者：Danielle Jones 10 年以前
302
Concept Map Ch. 2
The process of accounting involves a series of systematic steps that ensure transactions are accurately recorded and financial statements are properly prepared. Initially, information about external transactions is collected from source documents.
開啟
Transaction Processing Internal Controls Information technology controls. Proper authorizations and supervisions. Audits. Transaction limits. Physical security for source documents. Sequential numbering of source documents. Accounting 10. Prepare a post-closing trial balance (at year-end only) 9. Close the temporary accounts to retained earnings (at year-end only) 8. Prepare financial statements. 7. Prepare an adjusted trial balance. 6. Record adjusting entries and post to the general ledger accounts. 5. Prepare an unadjusted trial balance. 4. Post from the journal to the general ledger accounts. 3. Record the transactions in a journal. 2. Analyze transactions. 1. Obtain information about external transactions from source documents. The Accounting Cycle Information Technology Closing accounts. Preparing financial statements. Preparing trial balances. Posting to ledger. Record transactions Human Judgement Used to decide which transactions are recordable in the AIS. Coding Systems Mnemonic Hierarchical Block Sequential Bookkeeping
