Account Department

The Accounting Department: its Function and Roles in an Organization
Introduction
The respect and reputation gained by an organization came from the effectiveness of its internal department. The efficiency of a department differs on the level of knowledge and skills carried out by the people working within it. There are many important departments that an organization keeps in their system. Most of the departments are enumerated as the human resource department, research and development department, innovation and technological department (if any), the customer services department, and the accounting department. However, all of the departments are not given such importance because of the complexity and difficulty in understanding their functions. In most cases, the accounting department often involves criticisms because of the complexities from the external business environment and thus their roles within the organization change as well.

Significance of Accounting Department in Organization

Accounting departments are expected to perform, not only to relay all the needed financial reports and book-entering, but to also participate in making a sound decision. The shares of economics, logic, and mathematics in the accounting make the profession effective in the face of the world. Only if all the principles are equally utilized, then accounting can successfully integrates with the organization. The usefulness of the department reveals on the influence and power it can contribute to the entire organization. However, the very same department that rests in numerous organization exhibits various challenges in the function of accounting department. Because of the growing competency in the international department, the accounting department is expected to contribute and integrate on the organizational strategies. A good accounting can gain competitive advantages if the people are not entirely focus in delivering a good financial statement but also understand the...