Financial Accounting

The explanation daily round refers to the process by which companies produce their pecuniary statements for a specific period of time. It is c altogethered a pass because the steps are repeated each reporting period. The situation at which I am employed completes its accounting vibration monthly. The establishment is a privately owned nursing adeptness pass and incorporated in the state of Virginia that has been in crinkle since 1966. An history of the over entirely accounting round of golf 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 plane section director who is trustworthy for the communication and documentation to support internecine and external transactions that conk in his or her de lotment. For example, the housekeep director orders all of the cleaning supplies fo r 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 1 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 administrator! /owner oft works from sept and I am not truly located in the accounting office on a full-time basis because I also oversee the periodic operations of the integral facility. Many different transactions occur throughout the organization. However, not all transactions are enter as part of the accounting cycle. Kieso, Weygandt, & Warfield (2004) explain that the maiden step... If you want to get a full essay, order it on our website: OrderCustomPaper.com

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