General Ledger Governance
Root Term: General Ledger
Abbreviations or Acronyms: None
Definition:
1. (noun) The acts of controlling, directing, and standardizing the conduct, actions, and solutions associated with the oversight of General Ledger Management.
2. (noun) The documented set of policies, standards, rules, and controls that define how one or more General Ledger Items are to be registered, tracked, and managed within an Organization.
3. (noun) An Organization, or organizational unit, whose primary responsibility is to establish, oversee, and enforce the policies, standards, and controls governing the management of a set of General Ledger Items.
Synonyms: None