Name Five Roles in the Change Process

question 19

Essay

Name five roles in the change process:

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Definitions:

General Ledger

General Ledger is a comprehensive accounting record of all financial transactions that have occurred within a company over a period of time, serving as the foundation for financial statements.

Balance Sheet

A financial statement that provides a snapshot of a company's financial position at a specific point in time, showing assets, liabilities, and shareholders' equity.

Income Statement

A financial statement that shows a company's revenues, expenses, and profits or losses over a specific time period.

Accounting Systems

The methods and processes utilized by an organization for tracking and managing its financial transactions, typically involving journals, ledgers, and financial statements.