AUTHORIZATION SCHEDULE Definition

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AUTHORIZATION SCHEDULE is the guideline under which the subject activity is controlled and authorized. For example, expenditure spending may be controlled by amounts and the managerial level required authorizing or approving a preset trigger amount. As the amount increases over certain preset levels, higher managerial authority is required for approval.

Learn new Accounting Terms

PURCHASE AND LEASEBACK see SALE AND LEASEBACK.

SUNDRY CREDITORS refers to companies or individuals to which money is owed.

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