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Role of accounts department in a corporation is: · Financial accounting: financial and fixed asset reporting; payroll; Accounts Payable · Accounting function: maintain the general and subsidiary ledgers; process and record all revenues and prepare general purpose financial statements in compliance with IFRSs · Accounting oversight and guidance to other internal departments to ensure the gaap, legal requirements, policies and procedures - all consistently applied to maintain the integrity of the financial records. · Management accounting - budgeting, performance evaluation, cost management, asset management

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Q: What is the role of an accounting department in a corporation?
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