CFO Techniques pp 239-244 | Cite as

Accounting Cycles and the Structure of Financial Statements

  • Marina Guzik


In Chapter 8, the concept of accounting (or transactional) cycles was used to separate quintessential tasks into functional groups with closely related procedures: financing/investing, expenditure, conversion, and revenue cycles. Generally speaking, this is the most sensible basis for building any type of accounting framework, from charts of accounts to budgets and analytical systems, because each cycle encompasses specific categories of transactions and account balances, reflecting a sector of related business events in a company’s books.


Balance Sheet Income Statement Account Number Accounting Framework Current Liability 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© Marina Guzik 2011

Authors and Affiliations

  • Marina Guzik

There are no affiliations available

Personalised recommendations