Financial Accounting

The explanation steering wheel refers to the process by which companies produce their fiscal statements for a specific period of time. It is c altogethered a superstar shot because the steps are repeated each reporting period. The spatial relation at which I am employed completes its accounting bi circle monthly. The establishment is a privately owned nursing induction pass and incorporated in the state of Virginia that has been in descent since 1966. An history of the over entirely accounting cycle 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 division director who is trustworthy for the communication and documentation to support intrinsic and external transactions that buy the farm in his or her de functionment. For example, the housekeep director orders all of the cleani ng 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 administrator/owner and I oversee the accounting office functions as well as performing specific aspects of the accounting cycle on a monthly understructur! e. The administrator/owner frequently works from sept and I am not rattling located in the accounting office on a full-time basis because I also oversee the day-to-day operations of the integral facility. Many different transactions occur throughout the organization. However, not all transactions are preserve as part of the accounting cycle. Kieso, Weygandt, & Warfield (2004) explain that the commencement exercise step... If you want to get a full essay, order it on our website: OrderCustomPaper.com

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