Subject name: Issues in financial accounting

For reference, see book: Financial & Managerial Accounting - The Basis for Business Decisions (16th edition).

Issues in Financial Accounting Accounting Process Q- Please discuss Accounting Process as per following outline: I- Definition of accounting / accounting Process. II- Flow Chart. III- Steps IV- Discussion on each step one by one with the help of flow charts. Please also include deliberation on necessary documentation and Internal controls like internal check \& internal audit etc. V - Issues. VI- Finalization of accounts. VII- Computerized Accounting System/Accounting Information System. VIII- Provisional / Draft Accounts. IX- External Audit X- Financial Reporting XI- Conclusion