FINANCIAL ACCOUNTABILITY Definition

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FINANCIAL ACCOUNTABILITY tells you what policies your board should adopt or has adopted to meet their responsibility for ensuring that the organization they govern is financially sound. They would then hold those who manage the organization accountable for implementing these policies. Policy areas covered: Finances, Budgets, Asset Protection and Major Risks.

Learn new Accounting Terms

SGD is an acronym for SIGNED.

ASSET MANAGEMENT RATIO shows how effectively the firm manages its assets.

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