0
Why are complementary assets essential for ensuring that information system provide genuine value for an organization?
Wiki User
∙ 7y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Why is the budget review process necessary?
The budget review process is necessary as it scrutinizes a particular budget. This is aimed at ensuring that the budget is correct and it represents the needs of an organization in the best way possible.
What is transparent financial reporting?
Transparent financial reporting is the practice of openly and accurately disclosing an organization's financial information to all stakeholders, including shareholders, investors, and the public. It involves providing a comprehensive overview of the company's financial performance, including revenues, expenses, assets, liabilities, and cash flow. One of the key aspects of transparent financial reporting is ensuring that the information is presented in a clear and understandable manner. This involves using standard accounting principles and providing detailed explanations of financial terms and figures. The aim is to enable stakeholders to make informed decisions and assess the company's financial health. Transparent financial reporting also includes the disclosure of any potential risks or uncertainties that could impact the organization's financial position. This helps stakeholders to understand the potential challenges that the company may face and make appropriate investment decisions. By practicing transparent financial reporting, companies can build trust and credibility among their stakeholders. Investors and shareholders are more likely to invest in an organization that provides transparent financial information, as it demonstrates accountability and a commitment to good governance. Transparent financial reporting is about being open, honest, and accountable in disclosing an organization's financial information. It promotes trust, enables informed decision-making, and helps build long-term relationships with stakeholders.
What is management accounting and control system?
Management accounting is defined as "the process of identifying, measuring and communication economic information to permit informed judgments and decisions by users of the information" (Colin Drury, Management and cost accounting, sixth edition, page 5) Management control systems are "the process of ensuring that a firms activities conform to its plan and that its objectives are achieved. (Drury 7th ed> p387)
The reasons for ensuring confidentiality and security of records and reports?
so that unauthorised persons do not get access to the records.
What is a Conformance role of auditor?
The auditor's function in ensuring that the organisation conforms to policies procedures and statutory matters.
What is essential in ensuring Soldiers know what is expected of them and how to achieve success?
standards
Can you give me a sentence with the word bookkeeping?
Bookkeeping is an essential aspect of maintaining accurate financial records and tracking business transactions, ensuring proper organization and transparency in financial activities
'The future of a business cannot be safe if its information is not safe'Explain how a business organization can ensure system safety in light of this statement'?
A business can ensure its safety by ensuring that the system is as secure and protected as possible, and that no one outside of their organization can access its information. In this way, the business' information - financial information especially - can be kept private, and the future of the company and its future investing can be safeguarded.
Why are bacteria essential in ensuring the continued recycling nitrogen and carbon?
Bacteria can affix atmosphereic nitrogen, which is an essential step in the nitrogen cycle.
What is the administrative function?
Administrative function refers to the tasks involved in managing and coordinating the operations of an organization. This includes activities such as planning, organizing, staffing, directing, and controlling resources to achieve the organization's goals and objectives. Administrative functions are crucial for ensuring the smooth functioning of an organization.
What is the role of administration department in an organization?
In an organization, the administration department carries out the task of planning, organization and ensuring that tasks are carried out to meet the goals of the organization. They plan how the resources of the organization will be used to meet the output required.
The emergency managers role in sheltering most likely would be?
Ensuring the proper organizastion provides this service.
Why is communication important in organization?
Communication is essential in organizations because it helps in sharing information, coordinating activities, fostering teamwork, resolving conflicts, and ensuring clarity in roles and responsibilities. Effective communication streamlines operations, enhances relationships, boosts employee engagement, and ultimately contributes to the organization's overall success.
How is human resource important to organisation?
By making sure that the right person is selected for the right job Ensuring that there is no employee turnovers in the organization, seeing that the employees are doing their best and by ensuring that the employees are well trained for their jobs to improve effectiveness to make the organization successful.
What would the emergency manager's role in sheltering most likely be?
Ensuring the proper organization provides the service
ISO 27001 Certification?
In a time when digital assets are essential to businesses, it is critical to make sure sensitive data is well protected. As a leader in the field of cybersecurity, Glacier Consulting Services is a reliable source because it possesses the highly esteemed ISO 27001 Certification. ISO 27001, the international standard for Information Security Management Systems (ISMS), sets forth a comprehensive framework to establish, implement, maintain, and continually improve information security within an organization. It is not merely a certification; it's a strategic commitment to safeguarding digital assets, managing risks, and ensuring the confidentiality, integrity, and availability of information.
The overall responsibility of health information management professionals is?
ensuring the quality and accuracy of health information..
