Explanation should include how technology is used to facilitate completion of each of the following steps:

  1. Analyze source documents.
  2. Analyze each transaction.
  3. Journalize each transaction in the appropriate journal.
  4. Post transactions to the general ledger and subsidiary ledgers.
  5. Prepare schedules
  6. Prepare a worksheet.
  7. Journalize and post adjusting and closing entries.
  8. Prepare a post-closing trial balance.
  9. Prepare financial statements.