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Definition: the Accounting Cycle is the procedure or process of recognizing, recording, summarizing, and analyzing economic events of a business. For any business entity, recording its financial and non-financial information is important. The accounting cycle fulfills the purpose of record-keeping and serves for analysis as well. |
Learn more about the Accounting Cycle More on accounting and auditing: Accounts Payable, Accounts Receivable, Accrued Revenue, Amortization, Appreciation, more... You may also like: Full-time MBA, Executive MBA, Executive Education, Online MBA. MBA Brief offers concise, yet precise definitions of concepts, methods and models as taught in a study Master of Business Administration. We like to keep things short, and provide links to learn more about your subject.
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