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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</p> Signup and view all the answers

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

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

Accounting Department Structure Quiz

Choose a study mode

Podcast

Questions and Answers

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

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

What is the role of the Chief Accountant?

What are the responsibilities of management accountants?

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

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