Asked by Brycen Cluster on May 21, 2024
Verified
What is the purpose of a departmental accounting system?
Departmental Accounting System
This system allows for accounting and financial reporting to be done separately by departments within an organization, facilitating more specific financial oversight.
- Acquire knowledge on the function and components of a departmental accounting structure.
Verified Answer
MM
meredith mckeanMay 27, 2024
Final Answer :
A departmental accounting system provides information to evaluate the profitability or cost effectiveness of each department's activities.
Learning Objectives
- Acquire knowledge on the function and components of a departmental accounting structure.
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