ACCA BT · Chapter 5 · Question 10 of 10
Which of the following best describes the role of the finance function in an organisation that uses 'business partnering'?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) Finance staff work alongside operational managers to provide insight and support decision-making
Explanation
Business partnering involves finance professionals working closely with operational managers, interpreting data and contributing to planning and decisions rather than simply recording transactions. Relocation describes offshoring, automation does not remove the need for finance expertise, and a sole focus on compliance is the opposite of a partnering role.
More The role of accounting and the finance function MCQs
- Q2Which of the following is a typical feature of management accounting information?
- Q3Which of the following activities is most likely to be carried out by an organisation's treasury function?
- Q4Which of the following best describes the role of the management accountant in the 'control' stage of the management process?
- Q5Which of the following systems is used to record routine, day-to-day business transactions such as sales and purchases?
- Q6Information for decision-making should have certain qualities. Which of the following is the best example of 'relevance'?