Meaning of the word "accounting department" in English

What does "accounting department" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

accounting department

US /əˈkaʊntɪŋ dɪˈpɑːrtmənt/
UK /əˈkaʊntɪŋ dɪˈpɑːtmənt/

Noun

the department in an organization responsible for keeping and interpreting financial records

Example:
Please submit your expense reports to the accounting department by Friday.
The accounting department is responsible for managing the company's finances.