一个完整的 accrual accounting cycle 可以就以下框架一步一步描述清楚：

1. Identification and measurement of transactions and events required to be recognized;
2. Journalization;
3. Posting from the jounals to the ledgers;
4. Development of a trial balance;
5. Adjustment to produce an adjusted trial balance;
6. Statement presentation;
7. Closing;
8. Taking a post-closing trial balance (optional)
9. Making reversing entires (Optional)

一个CYCLE 的最终目的是: 产生准确的完整的财务报表。