Difference between revisions of "Accountability"
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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]]. | 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]]. | ||
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| + | == See also == | ||
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| + | *[[Capital]] | ||
| + | *[[Capitalism]] | ||
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[[category:Economics]][[category:legal terms]] | [[category:Economics]][[category:legal terms]] | ||
Revision as of 16:37, January 20, 2008
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.