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Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127

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BuyFindarrow_forward

Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127
Textbook Problem

What, in your own words, are a performance report and the responsibility accounting/reporting model?

Summary Introduction

To explain: The performance report, and the responsibility accounting/reproting model.

Introduction:

General ledger/business reporting process (GL/BR):

General ledger can be defined as the central data repository needed to develop the business reports. The business reports and other forms of information generation are all derived from the general ledger data repository. The GL/BR process is considered as a central activity of the accounting information systems.

Explanation

The performance report, and the responsibility accounting/reproting model:

The performance reports comparing the actual performance of the company against the expectations that are budgeted in the beginning stage of the project...

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