The controller's responsibilities are primarily ____ in nature, while the treasurer's responsibilities are primarily related to ... A. accounting; financial management B. operational; financial management C. financial management; operations D. financial management; accounting
Question
The controller's responsibilities are primarily ____ in nature, while the treasurer's responsibilities are primarily related to ... A. accounting; financial management B. operational; financial management C. financial management; operations D. financial management; accounting
Solution
The controller's responsibilities are primarily related to accounting. They are responsible for preparing financial reports, maintaining the company's accounting records, and ensuring compliance with appropriate GAAP standards and regulatory requirements.
On the other hand, the treasurer's responsibilities are primarily related to financial management. They are responsible for managing the company's cash and investments, planning for the company's financial future, and managing risks related to the company's financial activities.
So, the correct answer is A. accounting; financial management.
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