The key difference between the responsibilities of the controller and those of the treasurer is best defined as the separation of duties between
A)managing assets versus managing debt and equity.
B)processing tax records versus accounting records.
C)national versus international operations.
D)production versus marketing.
E)cash control versus accounting records.

Question

Quizplus · Accepted Answer

The key difference between the responsibilities of the controller and those of the treasurer is that the controller is responsible for managing accounting records, while the treasurer is responsible for managing cash control. This can also be interpreted as the separation of duties between accounting and finance - the controller oversees the accounting function and financial reporting, while the treasurer manages the financial assets and liabilities of the organization. Therefore, choice E (cash control versus accounting records) is the best option. The other options may be important functions within an organization but do not capture the key difference between the responsibilities of the controller and treasurer.

The Key Difference Between the Responsibilities of the Controller and Those