What is an accounting cycle?
Posted in the Philadelphia Forum
Since: Jul 12
#1 Sep 14, 2012
Do you know what is involved with a complete accounting cycle?
#2 Sep 14, 2012
The accounting cycle, as we know it today, was introduced by one Lance Armstrong in 2003, AD.
In an effort to 'track' his increasing wealth, Monsieur Armstrong developed a variant of the common velocipede.
His accounting cycle was 2-wheeled deraileur-based device that included a computer-driven 'calculatorator.'
The calculatorator [sic] was directly linked to Armstrong's bank account. As each new $million$ accumulated, the device would 'ding.'
This ding was reminiscent of a 1948 Remington typewriterator.
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