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Which statements best describe the activities of the initiating process group and closing process group?
Wiki User
∙ 11y ago
activities
the closing process
Wiki User
∙ 11y ago
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Which statements correctly describe the activities of the initiating and closing process groups in a projects life cycle?
The initiating process group increases ... The activities of the closing process...
Which statements best describe the activities of the initiating process group and the closing process group?
- Closing processes begin soon after the initiating processes end and continue until the end of the project. - initiating activities are high at the beginning of a project and wind down as other process groups begin.
Which statements correctly describe the activities of the initiating and closing process groups in a project's life cycle?
The activities of the Closing process group reach their peak as the Monitoring and Controlling processes are ending The Initiating process group increases steadily in activity at the beginning of the project, and starts to wind down as the Planning process group shows rapid increase in activity
Which Statement correctly describe the iterative nature of project management process groups?
You need to implement the initiating and closing You must continue repeating Plannind and Executing You need to repeat Monitoring and Controlling
Which statements best describe how the Transcontinental Railroad helped lead to the closing of the western frontiers?
Cities along the railroad expanded and became population centers.
Which statements about the activity level and duration of the Planning process group are correct?
Planning starts at the beginning of the project life cycle and accelerates once the Initiating processes start winding down As the Planning process group ends, the Closing process group reaches its peak
What activities will be held in the Olympics?
Sporting activities, the Opening and Closing ceremonies and the medal presentation ceremonies.
Why is it important to prepare the financial statements prior to the closing activities?
It'd be far better to end-up with the current transactions and the related financial details while starting over the new one. And with that, the financial statements would do so the needed in order the tax returns, payroll information, etc is vivid for the business to submit whenever required. This would be the reason for preparing the statements.
What is the value of carrying out closing activities for an IT project?
-The closing process will help you learn how to do things better on your next project.
Updating accrual accounting records prior to preparing financial statements is called?
closing process
What happens after all the closing entries have posted to the general ledger?
Once all the closing entries have been posted to the ledger it is then time to begin working on the financial statements. A Post-Closing Trial Balance insures that all entries are made properly, at which time if needed such statements as the Balance Sheet and Statement of Owners Equity can be created.
What happens after all the closing entries have been posted to the general ledger?
Once all the closing entries have been posted to the ledger it is then time to begin working on the financial statements. A Post-Closing Trial Balance insures that all entries are made properly, at which time if needed such statements as the Balance Sheet and Statement of Owners Equity can be created.
