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What summary records are the lowest level of accountability?
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Summary records are the lowest level of accountability?
Summary records are the lowest level of financial accountability in an accounting system, typically providing a summarized view of transactions. They offer a high-level overview of financial activities but lack detailed information on individual transactions. Summary records are useful for decision-making and analysis but may require more detailed supporting documentation for audit purposes.
What type of summary records are the lowest level of accountability?
The lowest level of accountability typically involves summary records that provide a broad overview of activities without detailed documentation or evidence. These records may include high-level financial summaries, brief performance reports, or aggregated data that lacks specificity. Such summaries can obscure individual contributions and make it challenging to trace accountability, leading to potential gaps in oversight and responsibility.
What records are lowest level of accountability?
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Budget targets are loaded at what summary record level?
program summary record (PSR)
Budget targets are loaded at the what level?
program summary record psr
Budget targets are loaded at what level?
program summary record psr
Which is the lowest level of accountability where even the items with the exact same fund citation will be differentiated in the accounting system?
DSRs
Which is the lowest level of accountability where even items with the exact same fund citation will be differentiated in the accounting system?
DSRs
Which is the lowest level of accountability where even items with the exact same fund citation will be differentianted in the accounting system?
DSRs
Is the highest level of accounting classification necessary for controlling funds?
Control Summary Record
What is the highest level of accounting classification necessary for controlling funds?
Control Summary Record
