Physical Inventory
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The determination of inventory quantity by actual count. Can be taken on
continuous, periodic, or annual basis.
Utilization
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The making use of, the documented use of an asset in the business process,
the act or
Primary difference between accountability and responsibility
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A
Effective Property Control System
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Provides a mechansim through whic an org can define and plan for its
property needs and be able to acquire, manage, and dispose of property
to meet them in a cost effective and efficient manner
Responsibility
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Means to be answerable for a trust or obligation
-If you have a car, loaned it to someone, they dont own, but are answerable
to you. (Gas, accident, etc). So it is a trust, and they are answerable.
It is possible to be responsible for the property
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The determination of inventory quantity by actual count. Can be taken on
continuous, periodic, or annual basis.
Utilization
, Give this one a try later!
The making use of, the documented use of an asset in the business process,
the act or
Primary difference between accountability and responsibility
Give this one a try later!
A
Effective Property Control System
Give this one a try later!
Provides a mechansim through whic an org can define and plan for its
property needs and be able to acquire, manage, and dispose of property
to meet them in a cost effective and efficient manner
Responsibility
Give this one a try later!
Means to be answerable for a trust or obligation
-If you have a car, loaned it to someone, they dont own, but are answerable
to you. (Gas, accident, etc). So it is a trust, and they are answerable.
It is possible to be responsible for the property
