What is the most important output of the accounting cycle? Do all companies have an accounting cycle? Explain.

Specifications:

Online initial discussion responses are due on Day 5, peer responses are due on Day 6 of every week. You should have a minimum of two peer replies.

Word count for initial discussion response - 150 words maximum; per responses - 100 words maximum.

What is the most important output of the accounting cycle? Do all companies have an accounting cycle? Explain.