Keyword Analysis & Research: monitoring definition accounting

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What is monitoring and the purposes it serves?

This explains what monitoring is and the purposes it serves. Monitoring is the regular observation and recording of activities taking place in a project or programme. It is a process of routinely gathering information on all aspects of the project. To monitor is to check on how project activities are progressing.

What is continuous controls monitoring in accounting?

Continuous controls monitoring. Continuous controls monitoring (CCM) is the use of automated tools to examine business transactions as they occur. A CCM system automatically pulls certain data elements from a database of transactions and reviews all of these data elements.

What is the difference between monitoring and reporting?

To monitor is to check on how project activities are progressing. It is observation; ─ systematic and purposeful observation. Monitoring also involves giving feedback about the progress of the project to the donors, implementors and beneficiaries of the project. Reporting enables...

What is monitormonitoring in project management?

Monitoring tracks the actual performance against what was planned or expected by collecting and analyzing data on the indicators according to pre-determined standards. If done properly, it is an invaluable tool for the good management and provides a useful base for evaluation. It also identifies strengths and weaknesses in a program.

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