TAILIEUCHUNG - Lecture Accounting information and reporting systems - Chapter 16: The financial cycle

In this chapter, you will learn: To learn about the financial cycle business activities. to learn how to flow chart the financial cycle business activities, to understand the processing of financial cycle transactions using a computer, to know about the various mandatory financial reports. to learn about the control practices and procedures in the financial cycle. | The financial cycle Learning objectives To learn about the financial cycle business activities. To learn how to flow chart the financial cycle business activities. To understand the processing of financial cycle transactions using a computer. To know about the various mandatory financial reports. To learn about the control practices and procedures in the financial cycle. key terms asset register debenture ordinary shares preference shares register of debentures retained earnings shareholders’ register statement of cash flows statement of financial performance statement of financial position Financial cycle business activities The functions of the financial cycle are: raising capital by investments from owners raising capital by loans from creditors recording capital-raising transactions in the general ledger acquiring productive assets using capital and recording the acquisition maintenance of assets recording various maintenance transactions summarising accounting data Financial cycle business activities The functions of the financial cycle are grouped into three broad categories: Raising capital Acquiring and maintaining assets Financial reporting Financial cycle business activities Raising capital Shares incorporated companies raise capital by asking the public to apply for shares (ordinary or preference) Debentures borrowings secured by a charge over the assets of the borrowing organisation Retained earnings profits retained for future business use Raising capital Long-term loans loans from banking or other financing institutions Other sources of capital include: trade creditors factoring of debtors bank loans Acquiring and maintaining assets Capital raised is invested in fixed assets Fixed assets are used to expand business operations or replace expended assets Maintenance of fixed assets is recognised as a cost of business operations Financial reporting Used to make accounting entries and period-end adjustments, and produce financial reports or statements .

• Kế toán - Kiểm toán
• Accounting Information
• Reporting Systems
• Accounting information system
• AIS super system
• Financial cycle
• Financial cycle business activities
• Accounting information systems
• Lecture Accounting information systems
• Hệ thống thông tin kế toán
• Control information
• Information systems controls
• Financial Accounting
• Principles of financial accounting
• Accounting information systems
• Fundamental system principles
• Accounting systems
• Lecture Accounting information systems
• Production cycle
• Accounting system
• Human resources management
• General ledger
• Systems development life cycle
• AIS development strategies
• Systems design
• Using financial accounting information
• The annual report
• Processing accounting information
• Internal control
• Computer accounting
• System security
• Value of information
• Business process
• Business process cycles
• The accountant
• Information technology
• Documenting accounting information systems
• Data modeling
• Controls for information security
• Information security
• Trust services framework
• System reliability
• Report Accounting information system
• E Commerce business
• E commerce enterprise
• Risks in payment
• Security of customer information
• Accounting principles
• Fundamental accounting principles
• Lecture Fundamental accounting principles
• Technology based accounting systems
• Issues in financial accounting
• Kế toán tài chính
• Financial statements
• Accounting terminology
• Accounting cycle
• Cash collections
• Revenue cycle
• Expenditure cycle
• Cash disbursements
• Value chain
• Supply chain
• Decision structure
• Control frameworks
• Internal controls
• COBIT framework
• Information systems
• Transaction processing