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What is Departmental Accounting? Give an example?

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Question ajoutée par Mian Muhammad Naeem Jan , Chief Finance Officer , Management Company
Date de publication: 2015/11/14
Khurram Shehzad
par Khurram Shehzad , Senior Accountant , Journey General Trading W.L.L.

Each department prepare seperate accounts for the purpose of departmental performance evaluation under seperate budgetary constraints. Ultimately these accounts submitted to head office for consolidated accounts and group financial statements.