What is the cycel of RTR

Question

Accepted Answer

RTR cycle refers to the Record to Report cycle, which is the process of recording financial transactions and preparing financial statements.

RTR cycle involves several steps such as data collection, journal entry preparation, general ledger reconciliation, and financial statement preparation.
Data collection involves gathering information about financial transactions from various sources.
Journal entry preparation involves recording the transactions in the general ledger.
General ledger reconciliation ensures that the recorded transactions are accurate and complete.
Financial statement preparation involves summarizing the financial data and presenting it in the form of statements like balance sheet and income statement.

Accepted Answer

Reviewed every 6 months and recognised at year end. April to March and realised in September. You do have monetary awards happening every month.

Accepted Answer

The Record to Report Cycle (R2R) or R2R Process Cycle, is a Finance and Accounting (F&A) management process which involves collecting, processing, and delivering relevant, timely, and accurate information used for providing strategic, financial, and operational feedback, which aids in understanding if a business.

What is the cycel of RTR

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