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Definition of responsibility report
a report that reflects the revenues and/or costs under the control of a particular unit manager
Yearly record of a publicly held company's financial condition. It includes a description of the
The report required by the Stock Exchange for all listed companies, containing the company’s financial statements.
A report issued to a company’s shareholders, creditors, and regulatory
A section of an annual report containing the auditor's opinion about the veracity of the
A change in the scope of the entities included in a set of, typically, consolidated financial statements.
a process costing document that
Financial means having to do with
The Profit and Loss account, Balance Sheet and Cash Flow statement of a business.
Intentional misstatements or omissions of amounts or disclosures
A federal Act shielding employers from liability if they have made
This is a telephone interview of the person applying for life insurance conducted by someone from the underwriting department of the insurance company. Some insurance companies only sporadically contact applicants and some contact every applicant. On average the interview lasts between 15 to 30 minutes. The questions asked relate to personal habits (like smoking and alcohol consumption) and finances, including income and net worth, confirmation of employment, duties and the nature of the applicant's business. In addition, there are questions about driving, sports, aviation and currently held insurance. All information obtained is strictly confidential and is submitted solely to the underwriter for review.
A federal Act requiring the reporting of new hires into a national database.
The pool factor as reported by the bond buyer for a given amortization period.
The currency in which the parent firm prepares its own financial statements; that is, U.S.
The time period for which transactions are compiled into a set of financial statements.
the obligation to accomplish a task or achieve an objective
responsibility accounting system
an accounting information system for successively higher-level managers about the performance of segments or subunits under the control
a cost object under the control of a manager
A division or unit of an organization for which a manager is held responsible – may be a cost centre, profit centre or investment centre.
A portion of the financial statements that breaks out the results of
A report listing every product whose bill of material calls for
A subcommittee of a company's board of directors assigned the responsibility
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