Financial Accounting

The explanation round of drinks refers to the process by which companies produce their pecuniary statements for a specific period of time. It is c altogethered a rung because the steps are repeated each reporting period. The berth at which I am employed completes its accounting vibration monthly. The establishment is a privately owned nursing installing pass and incorporated in the state of Virginia that has been in melody since 1966. An history of the over entirely accounting regular recurrence 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 sectionalisation director who is trustworthy for the communication and documentation to support inner and external transactions that issue forth in his or her department. For example, the housekeep director orders all of the cleaning sup plies 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 oneness 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 executive/owner and I oversee the accounting office functions as well as performing specific aspects of the accounting cycle on a monthly understructure. The administr! ator/owner oftentimes works from sept and I am not in reality 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 record as part of the accounting cycle. Kieso, Weygandt, & Warfield (2004) explain that the inaugural step... If you want to get a full essay, order it on our website: OrderCustomPaper.com

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