Describe Some of the Virtual Best Practices That Will Make

question 72

Essay

Describe some of the virtual best practices that will make your team as productive and collaborative as possible.

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Definitions:

Unadjusted Trial Balance

A list of all the balances in a company’s accounts before any adjusting entries are made for reporting purposes.

Management Report

A document that provides managers with information necessary to make decisions, including financial and operational data.

Accounting Period

A specific time span for which financial statements are prepared, commonly a quarter or a year.

Dividends Account

An account used in bookkeeping to track dividends declared by a company to be paid out to its shareholders.