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a control account is a management control point that defines the work, schedule and budget and monitors timely accomplishment of the work.

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Q: What are the elements of a Control Account?
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Related questions

What are the types of Control Account?

sales control account purchases control account


What are the different type of control account?

sales control account purchases control account


There are two types of control account what are they?

sales ledger control account and purnchase ledger control account


Can The same control account support multiple level WBS elements?

Each control account may have one or more work packages under it. Obviously, each work package must belong to only one account; otherwise, some factors, such as cost, will be double counted or counted multiple times.


What is control account control account?

A control account is a summary of the individual accounts in the subsidiary ledger(purchases or sales ledger) :)


Format for Debtors control account and creditors control account?

debtors


Which component of Windows 7 prompt users for permission or credentials?

It is called User Account Control.


When you modify a managing account which elements can you change?

The managing account demographic information


Define wages control account?

Wages control account is an account used in a management or cost accounting system, to record both direct and indirect labour cost. Using the traditional T accounts, it obviously has two sides; debit and credit. Direct labour cost are creditted to the wages control account and has its corresponding entry in the work in progress control account(debitted). Indirect labour cost will also be creditted in the wages control account and the corresponding entry in the production overhead control account.


What is a subsidiary account?

A subsidiary account is an account that is found in the subsidiary ledger. It is used to summarize the control account.


What are the disadvantages of control account?

1.some others errors may be created when locating errors in the control account. 2.there maybe more fraudulent activities in the control account if it is not well scrutiny.


What does computer term UAC stand for?

UAC stand for User Account Control. It is located in a lot of online accounts, and helps you control your own account. You can also find it in Windows 7.