The term used to describe the concept that includes providing financial information for reports to managers and shareholders,and oversight to the overall operations of the accounting system is:

Question

Quizplus · Accepted Answer

The term "controllership" refers to the responsibility of overseeing the accounting system and providing financial information to managers and shareholders. This includes the monitoring of financial transactions, preparing financial statements, and ensuring compliance with laws and regulations. Internal and external audits may also be a part of controllership, but they are not the primary focus. Treasury and funding are not directly related to this concept.

The Term Used to Describe the Concept That Includes Providing