Question

Which of the following is not a role of the accounting function in business?

- Financial Close
- Regulatory compliance
- Project Management
- Using IT to make finance and accounting processes more efficient.

Answer 1

Project Management is not a typical role of the accounting function in business; financial close, regulatory compliance, and using IT to improve processes are.

Step-by-step explanation:

The role that is not typically a function of the accounting department is Project Management. Accounting functions in a business usually include Financial Close, ensuring Regulatory Compliance, and using Information Technology (IT) to make finance and accounting processes more efficient. Project management, however, is generally a function of operations or a dedicated project management office (PMO), as it involves planning and organizing company resources to move a specific task, event, or duty towards completion.