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Roles & Responsibilities of an Accounting Department

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

The accounting department is responsible for recording and reporting the _____, both in and out, of a company.

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1. The accounts receivable role is responsible for:

2. The accounts payable role is responsible for:

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About This Quiz & Worksheet

This quiz/worksheet is an easy way to make sure you're comprehending the lesson content, with questions on key responsibilities and functions of an accounting department.

Quiz & Worksheet Goals

In these assessments, you'll be tested on the roles and operations of:

  • An accounting department
  • Accounts receivable
  • Accounts payable
  • Recording cash receipts
  • The payroll function

Skills Practiced

This quiz and worksheet allow students to assess the following skills:

  • Distinguishing differences - compare and contrast the different roles within an accounting department
  • Information recall - access the knowledge you've gained regarding the maintenance of financial controls and preparation of financial reports
  • Reading comprehension - ensure that you draw the most important information from the lesson on the importance of an accounting department to a company

Additional Learning

To learn more about accounting department duties, read over the accompanying lesson: Roles & Responsibilities of an Accounting Department. This lesson is made up of the following objectives:

  • Know what cash receipts refers to within a company
  • Familiarize yourself with the five basic duties of accounting departments
  • Define cash disbursements
  • Differentiate between the two types of financial report users within an accounting department
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