1. DEFINITION The accounting cycle can be defined as the entire process of accounting, that is, since when it starts up when you finish the recording of transactions and information processing. At the beginning of our study we found that commercial companies register their operations with the purpose of preparing financial information for the completion of its accounting period.We also know that there are four such major financial companies such: the balance sheet and statement of operations, the first dealing with the financial situation of the business on a particular date and the second, or the statement of operations, representing the gain or loss for the accounting period.