what is reconciliation of assets?

Answer Posted / henry chen

Asset reconciliation is an important part of asset management. It is the capability of reconciling the differences between a physical inventory of what actually exists and the database accounting system of what we believe exists. This reconciliation is important for support reasons and, perhaps, even more important for the financial and compliance management.

Is This Answer Correct ?    12 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Write in short the function of Finance Department.

713


Differentiate between Online Banking and Mobile Banking?

743


AMONG LIFE INSURANCE, GENERAL INSURANCE & RISK MANAGEMENT, WHY DID YOU SPECIFICALLY CHOSE RISK MANAGEMENT/GENERAL INSURANCE/LIFE INSURANCE?

1767


What is the difference between accounting and financial accounting?

655


What are the advantages and disadvantages of an IPO?

698






Define Bills of Exchange and the Negotiable Instruments?

791


Explain current ratio.

685


Is India a mixed economy? What do you know about mixed economy?

696


What are the threats to internet security?

717


What do you know about E- commerce?

745


What are the rules and regulations of RRBs?

735


Differentiate between shares and mutual funds?

727


what is the number of companies which will participate in the sensex and nifty market????

1861


Comment on Aam Aadmi Party?

790


What is your biggest failure in life?

775