Organizational Departments: Accounting, Human Resource, and Management

In: Business and Management

Submitted By sissygirl08
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There are several important organizational departments involved in running a business. Three of which are accounting, human resources (HR), and management and they are all important and beneficial to businesses. These organizational departments help in handling the company's needs and assist in allowing them to run efficiently. Each one of these departments is considered an individual business unit with each one being of vital importance to a business’s overall success. Each unit or department has key functions that assist and advice businesses to help them maintain efficient operations.

Accounting is a department that is considered to be the backbone of businesses. There are two areas of accounting. One area is called financial accounting which has financial information that businesses make available for the use of the general public, such as customers, creditors, stockholders, and suppliers. Secondly, there is managerial accounting of which provides financial information to managers, supervisors, and department heads so that they can make important business decisions. The accounting department sets up, audits, and maintains financial information for businesses that determines the businesses economic conditions and stability levels (College, 2010). The human resources (HR) department is responsible for overseeing the hiring, performance, and termination of employees (Pay Scale, 2010). This department plans, analyzes, assists, and reviews job related issues regarding employees. This department recruits and selects employees for specific job placements or suitable jobs per the employee’s requirements. Another task of this department is to assure that the health and safety standards of all employees are understood. The management department is in control of overseeing that the duties and tasks of employees are performed accurately and on a timely…...

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