Roles of Controller and Treasurer in Finance

0.0(0)
studied byStudied by 0 people
learnLearn
examPractice Test
spaced repetitionSpaced Repetition
heart puzzleMatch
flashcardsFlashcards
Card Sorting

1/20

encourage image

There's no tags or description

Looks like no tags are added yet.

Study Analytics
Name
Mastery
Learn
Test
Matching
Spaced

No study sessions yet.

21 Terms

1
New cards

Controller / Comptroller

The head accountant of the company who supervises other accountants and oversees the preparation of financial reports, such as income statements and balance sheets.

2
New cards

Treasurer

The protector of a company's value and finances from financial risks that arise from business activities, responsible for obtaining investment capital and managing cash flow.

3
New cards

Planning for control

A function of the Controller.

4
New cards

Provision of capital

A function of the Treasurer.

5
New cards

Financial reporting and interpretation

A function of the Controller.

6
New cards

Investor relations

A function of the Treasurer.

7
New cards

Management audit

A function of the Controller.

8
New cards

Short-term financing

A function of the Treasurer.

9
New cards

Internal audit

A function of the Controller.

10
New cards

Banking and custody of funds

A function of the Treasurer.

11
New cards

Tax administration

A function of the Controller.

12
New cards

Credit and collections

A function of the Treasurer.

13
New cards

Government reporting

A function of the Controller.

14
New cards

Investments

A function of the Treasurer.

15
New cards

Economic appraisal

A function of the Controller.

16
New cards

Insurance

A function of the Treasurer.

17
New cards

Line position

Directly involved in the day-to-day operations of the organization, such as producing or selling a product or service.

18
New cards

Staff position

Serve the organization by indirectly supporting line functions and using technical expertise to assist line personnel.

19
New cards

Line personnel

Carry out the primary activities of a business and are considered essential to the basic functioning of the organization.

20
New cards

Staff personnel

Use their technical expertise to assist line personnel and aid top management in various business activities.

21
New cards

Line function

Includes production, sales, and marketing.