"ASRI ORACLE AISYEAR3) EvaluateThe analysis has become easier with the latest tools and techniques used by the managementfor decision making process.4) PlanPlanning has now become easier with the latest technological knowhow in action aiding thecompany to record the latest business transactions and other useful information through the newOracle system.The whole system can thus be depicted as below.• Accounting • Reporting Good Knowsystem what isin place going Plan Evaluate • Planning • Analysis A case study of ASRY Page 13 ASRI ORACLE AISYEARAccounting cycles:The accounting cycle consists of actually transfer of information from Journal to Ledger, then toTrial balance and hence making financial positions.The various features of accounting cycle thusinclude the followings.1) Journala) Purchase of goods and services as raw material and other production needs..b) Payment for goods and services.c) Expenses on the production process as a whole.d) Dividend declared that can be distributed among the shareholders.e) Borrowing from banks and other financial institutions.2) Ledgera) Corrections regarding the calculations and recording of the data.3) Trial Balancea) Temporary adjustment accounts of accounts as and when required.4) Financial Positions.a) Income Statement presentation for the financial statements.b) Balance Sheet presentation at the end of the year through the financial statement.c) Retained earnings or the amount kept as unused money for future target and goals.This can be depicted as below.A case study of ASRY Page 14 ASRI ORACLE AISYEARFinancialLedger •Purchase •Temporary adjustment Positions. accounts. •Payment •Corrections •Income Statement •Expense •Balance Sheet •Dividend declared •Retained earnings. •Borrowing Journal Trial Balance Revenue cycle:The revenue cycle consists of the various steps that are involved in earning money by thebusiness transactions. These can be depicted as follows.2. Serviceto ships 1. client brings a 3. Accountship fo r repair receivable 4. Cash Production cycle:A case study of ASRY Page 15 "