Difference between revisions of "Accountability"
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| − | '''Accountability'' is the degree to which it is ensured that an organization's monies are collected and disbursed properly, and that an auditable record is kept of all transactions. Under some [[budget]]ing processes and systems, every budgeted dollar is associated with a responsibility center and a designated manager accountable for the monitoring of expenditures and [[revenues]]. | + | '''Accountability''' is the degree to which it is ensured that an organization's monies are collected and disbursed properly, and that an auditable record is kept of all transactions. Under some [[budget]]ing processes and systems, every budgeted dollar is associated with a responsibility center and a designated manager accountable for the monitoring of expenditures and [[revenues]]. |
== See also == | == See also == | ||
Revision as of 14:28, October 10, 2009
Accountability is the degree to which it is ensured that an organization's monies are collected and disbursed properly, and that an auditable record is kept of all transactions. Under some budgeting processes and systems, every budgeted dollar is associated with a responsibility center and a designated manager accountable for the monitoring of expenditures and revenues.