The Important Information Services Functions of the GL/BR Process Emphasized

question 63

Essay

The important information services functions of the GL/BR process emphasized in chapter 16 included two categories: (1) general ledger activities and (2) other business reporting.Briefly discuss what comprises the general ledger (GL) process comprises and what comprises the business reporting process.

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Definitions:

Psychological Contract

An unwritten agreement that shapes the perceptions, beliefs, and expectations of the mutual obligations between an employer and employee.

Contributions

Efforts or offers made by individuals or groups towards achieving a common goal or improving a situation.

Inducements

Incentives or rewards offered to encourage a specific action or behavior from individuals or groups.

Managerial Practices

The set of policies, practices, and procedures used by managers to guide decision-making and operations in an organization.