The controller usually oversees the following functions of a corporation:
I. Preparation of financial statements; II) Internal accounting;
III. Cash management and
IV. Taxes
A) I, II and IV only
B) III only
C) I and II only
D) II and III

Question

Quizplus · Accepted Answer

The controller is responsible for overseeing the preparation of financial statements, internal accounting, and taxes. Cash management may not necessarily fall under the purview of the controller and could be handled by a separate treasurer or CFO.

The Controller Usually Oversees the Following Functions of a Corporation