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About: Accounting Cycle

Module by: Rudy Lopes. E-mail the author

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Name: Accounting Cycle
ID: m15602
Language: English (en)
Summary: The Accounting Cycle is a series of steps which are repeated every reporting period. The process starts with making accounting entries for each transaction and goes through closing the books.
Subject: Business
Keywords: accounting, accounting cycle, adjusting entry, balance sheet, bookkeeping, chart of accounts, college-cram, credits, debits, financial statement, general ledger, income statement, retained earnings, statement of cash flow, trial balance
License: Creative Commons Attribution License CC-BY 2.0

Authors: Rudy Lopes (
Copyright Holders: Rudy Lopes (
Maintainers: Rudy Lopes (

Latest version: 1.6 (history)
First publication date: Dec 8, 2007 10:27 am -0600
Last revision to module: Apr 5, 2010 10:59 am -0500


PDF: m15602_1.6.pdf PDF file, for viewing content offline and printing. Learn more.
XML: m15602_1.6.cnxml XML that defines the structure and contents of the module, minus any included media files. Can be reimported in the editing interface. Learn more.

Version History

Version: 1.6 Apr 5, 2010 10:59 am -0500 by Rudy Lopes
fixed links

Version: 1.5 Oct 9, 2009 1:54 pm -0500 by Rudy Lopes
added analytics code

Version: 1.4 Dec 10, 2007 5:28 pm -0600 by Rudy Lopes

Version: 1.3 Dec 10, 2007 4:35 pm -0600 by Rudy Lopes
fixed link strength

Version: 1.2 Dec 8, 2007 11:28 am -0600 by Rudy Lopes
merged link headers into description paragraphs

Version: 1.1 Dec 8, 2007 11:09 am -0600 by Rudy Lopes

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  • the authors' names: Rudy Lopes
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The following citation styles comply with the attribution requirements for the license (CC-BY 2.0) of this work:

American Chemical Society (ACS) Style Guide:

Lopes, R. Accounting Cycle, OpenStax-CNX Web site., Apr 5, 2010.

American Medical Assocation (AMA) Manual of Style:

Lopes R. Accounting Cycle [OpenStax-CNX Web site]. April 5, 2010. Available at:

American Psychological Assocation (APA) Publication Manual:

Lopes, R. (2010, April 5). Accounting Cycle. Retrieved from the OpenStax-CNX Web site:

Chicago Manual of Style (Bibliography):

Lopes, Rudy. "Accounting Cycle." OpenStax-CNX. April 5, 2010.

Chicago Manual of Style (Note):

Rudy Lopes, "Accounting Cycle," OpenStax-CNX, April 5, 2010,

Chicago Manual of Style (Reference, in Author-Date style):

Lopes, R. 2010. Accounting Cycle. OpenStax-CNX, April 5, 2010.

Modern Languages Association (MLA) Style Manual:

Lopes, Rudy. Accounting Cycle. OpenStax-CNX. 5 Apr. 2010 <>.