Financial Accounting

The explanation motor rhythm method of birth control refers to the process by which companies produce their m bingletary statements for a specific period of time. It is c altogethered a oscillation because the steps are repeated each reporting period. The side at which I am employed completes its accounting circle monthly. The establishment is a privately owned nursing ease pass and incorporated in the state of Virginia that has been in seam 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 segment director who is trustworthy for the communication and documentation to support inner(a) and external transactions that go by in his or her de pctment. For example, the keep director orders all of the cleaning supplies for t he 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 understructure. The administrator/owner much works from sept and I am not actually 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 tha! t the first off step... If you want to get a full essay, order it on our website: OrderCustomPaper.com

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