CA Inter P6 · Chapter 1 · Question 6 of 7
In a large company, the function usually split between the Treasurer and the Controller is best described as:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) The Treasurer handles raising funds, banking relationships and cash management, while the Controller handles financial accounting, cost accounting, budgeting and internal control
Explanation
In the traditional division of the finance function, the Treasurer looks after obtaining and managing funds: capital raising, banking, cash and credit management. The Controller looks after accounting, reporting, budgeting and control. The two roles are complementary, not identical.
More Scope and Objectives of Financial Management MCQs
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- Q3Which of the following is a recognised limitation of profit maximisation as the objective of a company?
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