Completing the Account Cycle

Completing the Account Cycle


This assignment focuses on the need for adjusting entries including:

  • The difference between the cash and accrual bases of accounting.
  • The concept of adjusting entries and how they are prepared.
  • How to classify adjusting entries.
  • The concept of asset depreciation and its effect on book values.


Download and complete the Week 3 Assignment Template [DOCX]

Submit your completed template to this assignment.

Competencies Measured

By successfully completing this assignment , you will demonstrate your proficiency in the following course competencies and scoring guide criteria:

  • Competency 3: Prepare financial statements from accounting system data.
    • Answer 4–5 accounting cycle questions correctly.
  • Competency 4: Communicate effectively and professionally.
    • Convey clear meaning through appropriate word choice and usage.





Ready To Get Started

The Exertio is a Premium WordPress Theme, you can create your own market place website using this theme. It allows you to get a commission for hiring a freelancer or for each service sold.