In the managerial structure of the corporation the two officers and their responsibilities that report directly to the Chief Financial Officer are:
A) the credit manager who handles accounts receivable and the tax manager who minimizes tax payments.
B) the personnel manager who manages salaries and compensation and the production operations manager who manages facility operations.
C) the treasurer who is responsible handling cash flow and making financial decisions and the tax manager who minimizes tax payments.
D) the controller who manages the accounting function and the treasurer who is responsible handling cash flow and making financial decisions.

Question

Quizplus · Accepted Answer

The controller and the treasurer are the two key officers under the Chief Financial Officer (CFO) in a corporate structure. The controller oversees the accounting functions, ensuring accurate financial reporting and compliance with accounting standards. The treasurer manages the company's cash flow, investments, and financial risk, making critical financial decisions to maintain the organization's financial health. These roles directly support the CFO's responsibilities for the organization's overall financial management.

In the Managerial Structure of the Corporation the Two Officers