Financial Accounting Cycle for Paul Services: Report Preparation and Analysis

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By student name
Professor
University
Date: 25 April 2018.
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Executive Summary
The financial report preparation has been done using the adjustment and closing entries and
then the financial reports including profit and loss account, statement of changes in equity and
the balance sheet has been prepared. Post this the reason as to why all these statemets are
being prepared has also been stated in the report.
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Contents
Contents......................................................................................................................................................3
Introduction and background......................................................................................................................4
Aim and scope of report..............................................................................................................................4
Analysis and Calculation..............................................................................................................................5
Discussion on the requirements of internal reports..................................................................................11
Trial Balance..........................................................................................................................................11
Adjustment Journal Entries...................................................................................................................11
Adjusted Trial balance...........................................................................................................................12
Closing Journal Entries...........................................................................................................................12
Conclusion.................................................................................................................................................12
References.................................................................................................................................................12
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