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.

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C&C can mean: Cash and Carry or Collection & Classification.

OPEN TO BUY is the dollar amount budgeted by a business for inventory purchases for a specific time period.

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