The Accounting Cycle

Every day every seven o’clock morning I always sit down infront of Television. Nothing that can I do except watch the animated child cartoon ’ Avatar’. It is a impresif and interesting story. The figure character is unique and very strong. So although the film itself had specified Eng as central figure, but existence of Saka and Katara just not as a complement roles. Saka is described not only as adolescent who has excellent idea but also warm person. While Katara is described more than ballast character, typical clever girl in communicating, bright ingratiate and foxy in motivating. Existence antagonist figure is represented by Azura who coming up to captivate. Imagery Azura with her family conflict combination which represented by Zuko and his uncle is hardly difficult to be guessed. But it is a pitty, the smart plot felt bored cause frequently the film of playback.

But I will not invite you to built-in familiarize looking Avatar. I only tell you that the films teach us the balances. Statements that arrive when film begins, clearly tell us this matter. Note," Yore world consist of four state living pacifically. fire state, water, Land and Air. But all changing when Fires states attack the others. Only Avatar whose four element capable to discontinuing Fire state and return peacefulness of world".

Ancient mythology of Chinese even also teach balance which approximant looking like. Every object even human consist of fire element, land, wind and water. Balance is endless theme. Forever time is needed for discussed. Because one clause concerning balance have enough make us more attentive, when one of balance former element stay in factious condition from the normal hence balance will fall to pieces by itself. So also universe. So also accountancy.

Cycle itself is indistinguishable circle such back part such jetty.

The water cycle describes a clearly cycle. Rain happened in area of mountain give adequate a lot of water. Water which fall and dropp in in between foliage, in the end soak into soil. Then coming to surface as source of water. Continuous shining source at last find the way become stream river to sea. Over there, the sun evaporate sea-water become white cloud. Wind unite separate initially cloud and dribble it to mountain. The long journey and chilling temperature force cloud turning into water items raining area of mounts. So further, continue to rotate. It just stopped when the world is dead.

Accounting cycle also does not far different. Codified transactions in transactions evidences have to pass journals process before posted into related general ledgers. Till at one particular period end, transactions which accumulateed in general ledgers are closed to obtain certainty of amount of balances finally. Gathering of these end balances will listed in financial statement which pointing management for doing evaluation during specified period. Nominal account on financial statement are continued at the next periods and ready for receiving accumulation of current year transactions. So further, it always continue to rotate. It just stopped when the company is not operated.

For auditor, accounting cycle is main tools to make tracks for transaction. Every fraud activity would easy to identified. Accounting cycle guarantying it. Accounting based ’ double entri bookkeeping’ provide accurate footstep record to every transaction. But the guarantee is fail if there are a collution. It is a simply that a very sophisticated system even if will not can detain collution attack. As water cycle, it is also not able to guarantee to maintenance water availability because failing to fight against collution. Collution between wood richmens, hewer, and constitution enforcer.