Describe Why the Stage of Learning from Feedback Is Considered

question 20

Essay

Describe why the stage of learning from feedback is considered very important for managers in an organization. List the benefits of this step in the decision-making process.

---

Definitions:

General Ledger

A complete record of all financial transactions over the life of a company, serving as a primary tool for financial reporting.

General Ledger

The primary accounting record of a company or organization in which all transactions are recorded, including assets, liabilities, equity, revenue, and expenses.

Original Entry

The initial recording of a financial transaction in the accounting records or journal.

General Journal

A basic accounting record where all types of transactions are initially recorded before being posted to specific accounts in the general ledger.