Glossary entry (derived from question below)
English term or phrase:
account cycle
English answer:
accounting cycle
Added to glossary by
Kim Metzger
Mar 21, 2005 03:19
19 yrs ago
1 viewer *
English term
L.G.
account cycle
English
Bus/Financial
Finance (general)
finance
Responses
+2
19 mins
Kim Metzger
Mexico
Mexico
Native in English
&
English
Mexico
Committed to Quality and Service
Native in: English (Variant: US) 
Works in: German to English
Related KudoZ points
:
16
Selected
accounting cycle
I don't know if there's an "account cycle". Maybe you mean accounting cyle.
ACCOUNTING CYCLE
The routine steps in processing accounting data during an accounting period. In sequence, 1) occurrence of the transaction, 2) classification of each transaction in chronological order (journalizing), 3) recording the classified data in ledger accounts (posting), 4) preparation of financial statements and 5) closing of nominal accounts.
http://www.small-business-dictionary.org/default.asp?term=AC...
ACCOUNTING CYCLE
The routine steps in processing accounting data during an accounting period. In sequence, 1) occurrence of the transaction, 2) classification of each transaction in chronological order (journalizing), 3) recording the classified data in ledger accounts (posting), 4) preparation of financial statements and 5) closing of nominal accounts.
http://www.small-business-dictionary.org/default.asp?term=AC...
4 KudoZ points awarded for this answer.
Comment: "Graded automatically based on peer agreement."
7 days
cycle of what normally occurs with a customer account
This is one possibility: Your source text may mean what normally occurs with a customer account.
For example:
1. The customer opens a new account.
2. The customer purchases/pays for goods.
3. The vendor conducts customer service visits/surveys, etc. at certain periodic intervals
4. The customer has periodic quality audits, or other inspections
Etc.
It really depends on the industry, product, etc.
Kim Metzger's term "accounting cycle" may also be right, depending on the context. It is hard to say because no context is given.
For example:
1. The customer opens a new account.
2. The customer purchases/pays for goods.
3. The vendor conducts customer service visits/surveys, etc. at certain periodic intervals
4. The customer has periodic quality audits, or other inspections
Etc.
It really depends on the industry, product, etc.
Kim Metzger's term "accounting cycle" may also be right, depending on the context. It is hard to say because no context is given.
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