Accounting Cycle Report: Steps, Roles, and Financial Statements

The assignment requires students to create a report on the accounting cycle, including its steps, role, and omission. The report will discuss how the accounting cycle contributes to the success of a business, and identify the major financial statements that come out of it.

Running head: ACC 201 FINAL PROJECT PART I ACCOUNTING CYCLE REPORT 1
DELETE EVERYTHING THAT APPEARS IN RED
Review the Final Project Part I Guidelines and Rubric document to see how your paper
will be scored.
Be sure to follow APA format when providing references. If you have questions on APA
formatting, you can check the Purdue OWL website or seek help from the SNHU Writing Lab.
Notes on APA in a Formal Assignment
 Use one-inch margins on all sides.
 Use 12-point Times New Roman font with double spacing.
 Paragraphs should be at least three to four sentences in length.
 Do not include the headings “Introduction” and “Conclusion.” These are included
below to help you lay out your paper. APA format assumes that the introduction
begins the paper, the body continues the paper, and the conclusion wraps up the
paper, so those headings are not needed.
 Indent the first line of every paragraph by 0.5”.
 Be careful not to use personal pronouns such as “I.”
Make sure to delete headings such as Paragraph One, Paragraph Two, and so on.
Be sure to replace all of the text in red with your own writing. (This entire first page can
be deleted after you review the guidelines. Your paper should begin with the title page that
follows.)

ACC 201 Final Project Part I Accounting Cycle Report 2
ACC 201 Final Project Part I Accounting Cycle Report
Your Name
Southern New Hampshire University

ACC 201 Final Project Part I Accounting Cycle Report 3
REMEMBER: DELETE EVERYTHING THAT APPEARS IN RED
Introduction (delete this heading in your final paper)
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, role,
omission, and finally financial statements, as explained in your rubric instructions. Three or four
sentences are sufficient.
Paragraph One (delete this heading in your final paper)
Using content from your accounting cycle workbook submitted in Final Project Part I and
from your readings in Chapter 4 of the textbook, identify the steps of the accounting cycle.
Provide a description of each step. Also, discuss what role each step plays in the success of a
business.
Paragraph Two (delete this heading in your final paper)
Describe how the omission of a step could impact the success of a business. What
strategies could be used to avoid this? 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 thinking around the role of each step, as discussed in the previous paragraph, and how its
omission will impact the success of a business.
Paragraph Three (delete this heading in your final paper)
Identify and describe the major financial statements that come out of the accounting
cycle. Why are they important? 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.
Conclusion (delete this heading in your final paper)

ACC 201 Final Project Part I Accounting Cycle Report 4
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 are sufficient.

ACC 201 Final Project Part I Accounting Cycle Report 5
References
Nobles, T. L., Mattison, B. L., Matsumura, E. M. (2014). Horngren’s financial and managerial
accounting (4th ed.). Upper Saddle River, NJ: Pearson Education, Inc.
Make sure that you provide appropriate citations in APA style. The textbook is provided
as an example and should be kept in the references for 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 list at the end. References should be in alphabetical
order by the author’s last name.