Write a short paper on the topic of "The Accounting Cycle"

Introduction

In your opening paragraph, very briefly introduce the purpose of your paper. Recall that you will be discussing the accounting cycle in keeping with the key terms of steps, outputs, and importance, as explained in your rubric instructions. Three or four sentences will be sufficient.

Paragraph One

Using your textbook and other provided course resources, identify the steps of the accounting cycle. Provide a description of each step in your own words, using specific examples.

Paragraph Two

Identify and describe the major products of the accounting cycle. Why are they important? Explain the purpose of each financial statement, including how they are interrelated. A minimum of five to six sentences is required to support your thoughts. Be specific in your answer and use examples to support your thoughts.

Paragraph Three

Defend the importance of the accounting cycle to a business. Specifically, demonstrate how the omission of a step could impact the success of a business. Include in your discussion the omission of at least three different steps. A minimum of five to six sentences is required to support your thoughts. Focus your thoughts on the role of each step, as discussed in the second paragraph, and how each step’s omission will impact the success of a business.

Conclusion

The conclusion reminds the reader what your paper is about and allows you to make a final point without introducing new information. Three or four sentences will be sufficient.

Reference

Make sure that you provide appropriate in-text citations in APA style, with the author’s name and year of publication (author last name, year). The textbook citation above is provided as an example of a References page citation, and it should be kept in the references section your paper. Feel free to add other resources. To add credibility to your paper, remember to cite ALL of the sources within the body of the paper, as well as in the References page at the end. References should be in alphabetical order by the author’s last name.

Write a short paper on the topic of &quot;The Accounting Cycle&quo...

Write a short paper on the topic of "The Accounting Cycle&quo...