Open-book accounting facts for kids
Open-book accounting (OBA) is a business practice which opens up an organisation's accounts to some or all of those with an interest in the organisation, including its employees and its shareholders (including those whose shareholding is managed indirectly, for example through a mutual fund) and supply chain. This effectively means all members of the public.
Since almost all accounting records are now kept in electronic form, and since the computers on which they are held are universally connected, it should be possible for accounting records to be world-readable.
See also
- Open-book management
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Open-book accounting Facts for Kids. Kiddle Encyclopedia.