A business transaction can be any undertaking or dealing within a business. Communication within the business is a prominent factor in effectively handling transactions. Without it, a business cannot ...

Segregation, or separation, of accounting duties means dividing the tasks so that different people are handling transaction processing, data recording, financial statement preparation and auditing.

Diane Costagliola is a researcher, librarian, instructor, and writer who has published articles on personal finance, home buying, and foreclosure. Internalization occurs when a business decides to ...