The Financial Accounting Cycle is the process of recognizing, recording, and communicating financial transactions with stakeholders. It is the continuous process of creating financial statements which capture a company’s results of operations and its financial position in monetary terms. The cycle begins with gathering or capturing transaction information, proceeds to analyzing and recording the data, and then reports the most meaningful insights in useful reports that are disseminated to decision makers. Through this systemized process businesses can track and assess their financial performance and make informed decisions.