Describe the Three Phases of Training Process

question 62

Essay

Describe the three phases of training process. Include the types of training available to enhance individual performance and productivity.

---

Definitions:

General Journal

A basic accounting record where all day-to-day financial transactions of a company are initially recorded in chronological order.

Adjusting Entries

Journal entries made at the end of an accounting period to allocate income and expenditures to the appropriate period for an accurate financial statement.

Cost Method

An accounting method used to value an investment, where the investment is recorded at its acquisition cost and dividends are recorded as income.

Elimination

The process in accounting of removing the effects of inter-company transactions to avoid double counting in consolidated financial statements.