Accounting and Control The Controller of a Small Private College Is Complaining About

question 1

Essay

Accounting and Control
The controller of a small private college is complaining about the amount of work she is required to do at the beginning of each month.The president of the university requires the controller to submit a monthly report by the fifth day of the following month.The monthly report contains pages of financial data from operations.The controller was heard saying,"Why does the president need all this information? He probably doesn't read half of the report.He's an old English professor and probably doesn't know the difference between a cost and a revenue."
Required:
a.What is the probable role of the monthly report?
b.What is the controller's responsibility with respect to a president who doesn't know much accounting?

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Definitions:

Protanopia

A type of color blindness where there is a deficiency in red cone cells, making it difficult to distinguish red from green.

Tympanometry

A test that measures the movement of the eardrum in response to changes in air pressure, used to diagnose middle ear problems.

Contrast Sensitivity

A measure of the ability to distinguish differences between light and dark areas in a visual scene, important for tasks such as night driving and reading.

Visual Acuity

The clarity or sharpness of vision, typically measured by the ability to discern letters or numbers at a standardized distance.