Simple Systems in Smaller Organizations Can Use Off-The-Shelf Software for the ____________________

question 109

Short Answer

Simple systems in smaller organizations can use off-the-shelf software for the ____________________.

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Definitions:

General Ledger

A comprehensive record of a company's financial transactions over the duration of its life, providing the foundation for its financial statements.

Working Papers

Documentation retained by accountants and auditors that records the evidence, procedures, and results of audits and other financial analysis.

Replaceable Rules

A concept in corporate law allowing companies to either adopt the default rules set by legislation for internal governance or replace them with their own customized rules.

Corporations Act

A major legislation governing corporate activities in certain jurisdictions, such as the Corporations Act 2001 in Australia.