Accounting Department Structure Quiz
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Questions and Answers

Which department is an integral part of any business or organization?

  • Sales
  • Human Resources
  • Marketing
  • Accounting (correct)

Who is responsible for financial planning, record-keeping, and financial reporting to higher management?

  • Chief Accountant
  • Management Accountant
  • CEO
  • CFO (correct)

What is the role of the Chief Accountant?

  • Financial planning and budgeting
  • Risk management and decision-making
  • Marketing and sales strategies
  • Managing the accounting team and generating financial statements (correct)

What are the responsibilities of management accountants?

<p>Risk management and decision-making (B)</p> Signup and view all the answers

In smaller companies, who may handle all the accounting functions?

<p>One person (C)</p> Signup and view all the answers

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