Accounting Process Example - FLOWCHART OVERVIEW UGBA 102A...

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Unformatted text preview: FLOWCHART OVERVIEW UGBA 102A Accounting Process Example Page 1 1. Business tr ansaction occur s 1. Business tr ansaction occur s 2. Receive or pr epar e sour ce documents 2. Receive or pr epar e sour ce documents 8. Pr epar e an adjusted tr ial balance 8. Pr epar e an adjusted tr ial balance 9. Pr epar e financial statements 9. Pr epar e financial statements 10. Jour nalize and post closing entr ies 10. Jour nalize and post closing entr ies 11. Pr epar e a post-closing tr ial balance 11. Pr epar e a post-closing tr ial balance 4. Jour nalize the tr ansactions (Jour nal) 4. Jour nalize the tr ansactions (Jour nal) 3. Tr ansaction analysis 3. Tr ansaction analysis 5. Post to the Gener al Ledger . 5. Post to the Gener al Ledger . 6. Pr epar e an unadjusted tr ial balance 6. Pr epar e an unadjusted tr ial balance 7. Jour nalize and post adjusting entr ies 7. Jour nalize and post adjusting entr ies 1. Business tr ansaction occur s 1. Business tr ansaction occur s 2. Receive or pr epar e sour ce documents 2. Receive or pr epar e sour ce documents 8. Pr epar e an adjusted tr ial balance 8. Pr epar e an adjusted tr ial balance 9. Pr epar e financial statements 9. Pr epar e financial statements 10. Jour nalize and post closing entr ies 10. Jour nalize and post closing entr ies 11. Pr epar e a post-closing tr ial balance 11. Pr epar e a post-closing tr ial balance 4. Jour nalize the tr ansactions (Jour nal) 4. Jour nalize the tr ansactions (Jour nal) 3. Tr ansaction analysis 3. Tr ansaction analysis 5. Post to the Gener al Ledger . 5. Post to the Gener al Ledger . 6. Pr epar e an unadjusted tr ial balance 6. Pr epar e an unadjusted tr ial balance 7. Jour nalize and post adjusting entr ies 7. Jour nalize and post adjusting entr ies 1. BUSINESS TRANSACTION OCCURS Bill Jobs decides to start Comptime, a business in Silicon Valley that sells computers and offers computer programming services. The company begins operations on September 1, 2008 and the following transactions occurred during September...
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Accounting Process Example - FLOWCHART OVERVIEW UGBA 102A...

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