Which process tracks the financial impact of process steps with the goal of meeting legal reporting requirements?
A)Human Capital Management HCM)
B)Project Management
C)Financial Accounting
D)Management Accounting or Controlling CO)
E)None of the above

Question

Quizplus · Accepted Answer

Financial Accounting is the process that tracks the financial impact of the process steps with the goal of meeting legal reporting requirements. Human Capital Management (HCM) deals with managing and developing human resources, Project Management is concerned with managing projects to achieve their objectives, and Management Accounting or Controlling (CO) involves tracking and analyzing the costs and revenues of business activities to support decision-making.

Which Process Tracks the Financial Impact of Process Steps with the Goal