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they meet legislative and regulatory requirements

they protect the rights of the employees and public

they provide the basis for effective decision-making

they reflect historical significance

they prove functional and ethical accountability

preserve evidence of the organization, its function, policies, decisions, procedures, & operations

serve as the memory of the organization

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The reasons for ensuring confidentiality and security of records and reports?

so that unauthorised persons do not get access to the records.


What do accounting clerks do?

The key task of accounting-related clerks is to maintain financial records.


Why do businesses keep records of their business?

For various reasons, to tell where they are making or losing money, for tax purposes, legal reasons to cover themselves, and if they are a public company they are required to provide shareholders with this information.


In which phase of the records life cycle are indexing and coding most important?

Indexing and coding are most important during the active phase of the records life cycle. This phase involves the creation, organization, and categorization of records to facilitate easy retrieval and use. Proper indexing and coding ensure that records are efficiently accessible, which is crucial for effective management and decision-making.


Why is it important for an owner to update the records for the cash transaction regularly and meticulously?

Regular and meticulous updates of cash transaction records are essential for several reasons. Firstly, they ensure accurate financial reporting, allowing the owner to assess the business's financial health and make informed decisions. Secondly, maintaining up-to-date records helps in identifying discrepancies, preventing fraud, and ensuring compliance with tax regulations. Lastly, it fosters transparency and accountability, which are crucial for building trust with stakeholders and potential investors.

Related Questions

An important key to good observational records is?

An important key to good observational records is use of language. Other people can only interpret the words of the person who was doing the observing.


What are several reasons why electronic and digital signatures are important to RCs and FARMs?

Digital signatures are based on Public Key Infrastructure (PKI) and verify authenticity. Electronic and digital signatures help to authenticate official records. Electronic records can be authenticated by a signature.


State 2 reasons why it is important to monitor food safety procedures at key stages in the process?

State 2 reasons why it is important to monitor food safety procedures at key stages in the process?


When was Key Party Records created?

Key Party Records was created in 1997.


When did Key Lime Pie Records end?

Key Lime Pie Records ended in 1994.


When was Key Lime Pie Records created?

Key Lime Pie Records was created in 1993.


Several reasons exists why electronic and digital signatures?

Digital signatures are based on Public Key Infrastructure (PKI) and verify authenticity. Electronic and digital signatures help to authenticate official records. Electronic records can be authenticated by a signature.


Why are electronic and digital signatures important tools in Records management?

Digital signatures are based on Public Key Infrastructure (PKI) and verify authenticity. Electronic and digital signatures help to authenticate offical records. Electronic records can be authenticated by a signature.


What does Access automatically save when you move from record to record?

It saves the last record you put in. This is a standard approach for databases, minimising loss of data if anything happens to your computer while you are working on it. It is also important for the primary key. If each record was not saved as it was entered, then it could allow you to put in a duplicate primary key. But as each record is saved immediately a database can compare the new primary key field against all the ones that have been entered to date. For these reasons and other reasons, records are saved as soon as they have been entered.


Why are digital and electronic signatures important to FARMS?

Electronic and digital signatures help to authenticate official records Electronic records con be authenticated by a signature Digital signatures are based on Public Key Infrastructure


The reasons for ensuring confidentiality and security of records and reports?

so that unauthorised persons do not get access to the records.


Can you mix records in Pokemon Platinum to get the secret key?

No, you can't mix records in Pokémon Platinum in order to get the Secret Key from a friend.