Generally speaking, and especially in the small business environment, the Accounting Department is responsible for the General Administration activities that support an entity as a whole. In addition to supporting operating and reporting activities, the accounting department is responsible for ensuring that the entity is compliant with many different regulatory requirements. Typically, the Controller oversees the accounting department and makes sure all of the accounting activities are getting handled appropriately.

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The Management Essentials lessons provide an overview of the most common compliance and administration topics encountered in the small business environment.