Which one of the following functions should be the responsibility of the controller rather than the treasurer?
A) Depositing cash receipts
B) Processing cost reports
C) Analyzing equipment purchases
D) Approving credit for a customer
E) Paying a vendor

Question

Quizplus · Accepted Answer

Processing cost reports is typically a responsibility of the controller, who is in charge of accounting and financial reporting within an organization. The controller's role often includes managing the company's financial statements, general ledger, cost accounting, payroll, accounts payable, accounts receivable, budgeting, tax compliance, and various special analyses. In contrast, the treasurer's responsibilities are more focused on the management of the company's cash and securities, ensuring financial stability and liquidity, and often overseeing the company's relationships with banks and other financial institutions.

Which One of the Following Functions Should Be the Responsibility