Here we come with the remaining part of the accounting cycle i.e. 5. Adjusting Entries 6. Worksheet 7. Financial Statements 8. Closing Watch out the slide and then visit https://ag-Singapore.com/accounting-services/ for prepare your reports by the best accounting firm in Singapore.

1. Accounting Cycle
Part 2
By Best Accounting firm in Singapore

2. There are 8 steps
in the accounting
cycle
We are going to understand remaining 4
accounting cycles in short in this
presentation

3. These 8 steps of an
Accounting Cycles is
intimately
interconnected with
each other
“As you know that opening or closing of an
financial transaction is known as accounting.”

4. 4
Full cycle of Accounting
3. General Ledger
6. Worksheet5. Adjusting Entries 7. Financial Statements
8. Closing
1. Transactions 2. Journal Entries 4. Trial Balance

5. At soon the company’s accounting period ends,
adjusting entries must be posted to account for
accruals (interest earned on an investment in a
government bond) and deferrals (payment that was
made in one period).
5. Adjusting Entries
5

6. The Role of bookkeeper or accountant is to
insure that the report prepared is error free, so
he make corrective adjustments that are tracked
on a worksheet
6. Worksheet
6

7. Financial statements include:
• Income statement
• Balance sheet
• Cash flow statement
7. Financial Statements
7

8. Income statement accounts are lastly closed for
the next accounting period but Balance sheet
accounts are not closed.
8. Closing
8

9. So here Ends our
Journey. Hope
You’ve liked it.
For detailed information on Accounting
cycle you can visit our website. We
provide reliable Accounting services in
Singapore.

11. THANKYOU
ACKENTING GROUP
+65-93832464
johnwoo@ag-singapore.com
https://ag-singapore.com/accounting-services/