7 types of Firms that may Prepare Departmental Accounts

These seven (7) types of entities that are likely to prepare departmental report for internal performance appraisal purposes.
1. Professional Firms
These include firms of Chartered Accountants, firms of Legal Practitioners, firms of Engineers, firms of Architects, and many others. They may have departments as listed below.
Chartered Accountants
a) Tax Practice Department
b) Audit & Accountancy Department
c) Consultancy Department
d) Public Sector Department
e) IT Department
Legal Practitioners
a) Civil Law Department
b) Criminal Law Department
Engineers
a) Networking (LAN & WAN) Department
b) Webmaster Department
c) Engineering Consultancy – structural & architectural departments
2. Large supermarkets that have different departments may prepare departmental accounts
3. Poultry farms may prepare different reports for say, layers, boilers, etc to know where the highest profits are coming from
4. Insurance Companies
Insurance companies may prepare departmental accounts for different classes of business such as life assurance cover, non-life cover.
5. Banks may require for internal use, reports from loans and deposit units differently to measure area(s) of specific attention
6. Brewing companies may prepare reports differently for alcoholic and non-alcoholic drinks for internal use.
7. Universities may prepare for internal use, income statements for undergraduate and postgraduate programmes differently.