Contrast the Functions of Controllers and Treasurers

question 166

Essay

Contrast the functions of controllers and treasurers.
The treasurer is concerned mainly with the company's financial matters such as investor relations, provision of capital, short?term financing, credits and collections, investments, risk management, and banking.The controller is concerned with operating matters such as reporting and interpreting, evaluating and consulting, tax administration, government reporting, and protection of assets.

Understand the definition and application of accruals in accounting.

Identify tax deductible expenses and calculate capital gains or losses.

Understand the concept of depreciation and its impact on financial statements.

Recognize different tax bases and calculate effective tax rates.