Financial Data: Origination and Presentation

755 Words Jan 15th, 2018 3 Pages
Relevant accounting officers and managers need to be able to track independent expenditures, sales revenue, and other changes in the company's financial makeup and strength, and in many companies this requires additional accounting staff as well. In a pension organization that deals solely with the transfer and the tracking of money to and from various accounts, investments, and payees, these accounting tasks are especially important. The following paragraphs provide a brief review of the practices at one pension organization, reviewing procedures and results and making recommendations.
Financial Reporting at a Non-Profit Pension Organization The true origins of financial data that the organization needs to track and report are necessarily diverse and highly varied. It appears that there is also a widespread diversity of internal origins for the financial data important to the company, however, with almost every employee responsible for recording and reporting financial data with pretty much every transaction they undertake. This is something that could possibly be dealt with through consolidated reporting and oversight by…
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