You are an intern at a major law firm and have been assigned to the accounting department. here, you have been given an important task: to help the accounting team budget employee costs for the firm. With over 500 employees, the firm massively exceeded its budget the year before. This happened because the company didn't use an efficient accounting cycle. Preview the table below and fill it in. Your complete table should illustrate what a good accounting cycle looks like. Make sure that you explain the individual steps of the accounting cycle.

James is an employee in the widget inspection department of xyz systems, a government contractor. james was part of a 3-person inspection team that found a particular batch of widgets did not meet the exacting requirements of the u. s. government. in order to meet the tight deadline and avoid penalties under the contract, james' boss demanded that the batch of widgets be sent in fulfillment of the government contract. when james found out, he went to the vice president of the company and reported the situation. james was demoted by his boss, and no longer works on government projects. james has a: