Identify and Briefly Explain the Four Sections of the Performance

question 53

Essay

Identify and briefly explain the four sections of the performance and accountability report (PAR) that the Office of Management and Budget requires major federal departments and agencies to prepare.

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Definitions:

Operating Activities

Activities that constitute the primary or main activities of a company, such as production, distribution, marketing, and sale of goods or services.

Journal

In accounting, a record where all financial transactions are initially noted before being entered into the company's general ledger.

Reports Center

A dedicated area within a software application or platform where users can create, manage, and view various reports related to their data.

Investors

Individuals or organizations that allocate capital with the expectation of receiving financial returns.