ACC 459 - Decomposition of the Record to Report Business Process

Close Process

The activities that occur each period that support the proper recording and preparation of all transactions within the company’s general ledger to support management and regulatory reporting

Consolidate Process

The activities that combine legal entities globally to prepare consolidated management and regulatory reporting

Reporting Process

The activities that provide the analysis and reporting necessary to satisfy the needs of management and regulatory stakeholders

Entity

The company view of an enterprise

Natural Account

Nature of accounts by category within the financial statements

Department

Functional breakdown of an organization and indicates who is responsible for what

Line of Business

Management view of the business for performance reporting and contorl