Beaver Street Fisheries Accounting Cycle

Paper Summary:

The paper describes Beaver Street Fisheries (BSF)'s company personnel, processes and systems integral to how the company handles and conducts its business accounting cycle. The paper highlights how the accounting cycle can be very confusing as well as complicated. The paper also shows how the use of automated accounting systems in Beaver Street Fisheries lightens the burden considerably.

Outline:
Company Descriptions: Personnel
Accounting Processes
Integration of Personnel and Accounting Systems
Conclusion

From the Paper:

"There are actually twelve accounting, administrative, and executive employees. Of these twelve employees, only three come in direct contact with the accounting cycle procedures while the remaining executives are responsible for handling certain other company reports and supporting documents. The Company's Chief Financial Controller Officer, or CFO, the Assistant CFO, or CFA, and the Information Technology Manager, or IT [pronounciation: eye-tee] are the three directly involved in the accounting cycle processes at BSF. Keep in mind that the IT is only responsible for processing or working with the company computer systems, and he really has no other duties actually involved with the accounting process."

Sample of Sources Used:

• University library Electronic Reserve Readings (ERR) (2001). Retrieved from University of Phoenix Library on October 1, 2006.
• Keiso, D. E., Weygandt, J. J., & Warfield, T. D. (2007). Intermediate Accounting, 12th Edition. New Jersey: John Wiley & Sons, Inc..
• Fitch, Don FPA 2001. Florida Society of CPA's Code of Professional Conduct. www.paylesstax.com/resume/Florida_society_of_CPA's_ code_of_ethics.html

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