Process period end adjustments (e.g., accruals, currency conversions)

Trigger: The financial reporting cycle reaches a designated period-end date such as month-end, quarter-end, or year-end.

1. Identify required period-end adjustments based on accounting schedules and trial balances
2. Calculate accruals for incurred expenses and earned but unbilled revenues
3. Execute foreign currency conversions and revaluations for multi-currency accounts
4. Prepare adjustment journal entries with supporting financial documentation
5. Review and approve adjustment entries according to financial control policies
6. Post approved adjustment entries to the general ledger
7. Verify updated account balances against expected period-end values

Outcome: All required financial adjustments are posted to the general ledger to produce accurate period-end account balances ready for financial reporting.