Solved

Match Each of the Following Personnel with Description the That

Question 66

Matching

Match each of the following personnel with description the that best represents their role within most organizations.

Premises:

Responses:

Chief financial officer

Assists in preparing information used for decision-making within the organization.

Financial accountant

Oversees the managerial accountant, financial accountant, and tax accountant.

Tax accountant

Assists in preparing tax reports for governmental agencies including the Internal Revenue Service.

Internal auditor

Responsible for confirming that controls within the company are effective in ensuring accurate financial data, and serves as an independent link with the board of directors.

Controller

Responsible for obtaining financing for the organization, projecting cash flow needs, and managing cash and short-term investments.

Treasurer

Assists in preparing financial information, usually in accordance with GAAP, for those outside the company.

Board of directors

Elected by the shareholders of the company.

Managerial accountant

Responsible for all finance and accounting functions within the organization and typically reports to the chief executive officer.

Premises:

Chief financial officer

Financial accountant

Tax accountant

Internal auditor

Controller

Treasurer

Board of directors

Managerial accountant

Responses:

Assists in preparing information used for decision-making within the organization.

Oversees the managerial accountant, financial accountant, and tax accountant.

Assists in preparing tax reports for governmental agencies including the Internal Revenue Service.

Responsible for confirming that controls within the company are effective in ensuring accurate financial data, and serves as an independent link with the board of directors.

Responsible for obtaining financing for the organization, projecting cash flow needs, and managing cash and short-term investments.

Assists in preparing financial information, usually in accordance with GAAP, for those outside the company.

Elected by the shareholders of the company.

Responsible for all finance and accounting functions within the organization and typically reports to the chief executive officer.

Correct Answer:

Premises:

Responses:

Chief financial officer

Financial accountant

Tax accountant

Internal auditor

Controller