Which activities do accounting and finance components perform?
A) Track employee information, including payroll, benefits, compensation, performance assessment, and assure compliance with the legal requirements of multiple jurisdictions and tax authorities.
B) Handle the various aspects of production planning and execution such as demand forecasting, production scheduling, job cost accounting, and quality control.
C) Manage accounting data and financial processes within the enterprise with functions such as general ledger, accounts payable, accounts receivable, budgeting, and asset management.
D) None of these

Question

Quizplus · Accepted Answer

Accounting and finance components are mainly responsible for managing accounting data and financial processes within the enterprise. This includes functions such as general ledger, accounts payable, accounts receivable, budgeting, and asset management. Option A is related to HR components, while option B is related to operations components, so they are not correct choices. Option D is not applicable as there must be at least one correct answer.

Which Activities Do Accounting and Finance Components Perform