ACCOUNTING CYCLE
A process of recording and processing in the accounting events of a company.
There are steps to follow in an accounting cycle.
These are the nine steps of an accounting cycle:
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Collect and analyze of data from transactions and events.
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Put the transactions into the general journal.
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Post entries to the general ledger.
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Prepare an unadjusted trial balance.
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Adjust entries appropriately.
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Prepare an adjusted trial balance.
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Organize the accounts into the financial statements.
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Close the books.
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Prepare a post-closing trial balance to check the accounts.
It is often called as the "bookkeeping cycle".
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 12:00 | CBI retail sales volume balance | Apr | |
| 01:01 | BRC Shop Price Index | Apr | |
| 01:30 | Unemployment Rate | Mar | |
| 05:04 | BoJ MPC Interest Rate Announcement | Apr | |
| 05:04 | Monetary Policy Meeting Minutes | ||
| 05:04 | BOJ Outlook Report | ||
| 07:00 | BOJ Core CPI | Mar | |
| 08:30 | Bank of Japan Press Conference | ||
| 09:00 | Unemployment Rate | 1 quarter |
