Accounting Cycle

Within the SMDC Finance department, it is the job of Accountants to gather the information necessary to deliver a complete, timely and accurate picture of the financial well being of the organization. SMDC is a large organization which consists of 3 hospitals and over 15 clinics in 3 states. Information from many areas different automated systems is needed to complete the accounting cycle. Some of these areas and systems will be discussed in this paper. The first area …

…This cycle is highly evolved through the use of integrated automated systems, but also still relies on the input of manual journal entries. Without the involvement of the Business Services department, Payroll department, Materials Management and Accounts Payable departments, the TSI system analysts, and the numerous accountants and analysts that gather and verify these systems along with the manual entries that are needed, a true and accurate financial picture of SMDC could not be shown.