Before Signing a Check,the Controller or the Treasurer Should Examine

question 80

True/False

Before signing a check,the controller or the treasurer should examine the purchase order,the invoice,and the receiving report to determine that the company received the goods and that the company is paying only for the goods received.

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Definitions:

Managerial Functions

The main roles and responsibilities of managers, typically including planning, organizing, leading, and controlling organizational resources to achieve goals.

Henri Fayol

A French engineer and scholar who is famous for developing the general theory of business administration and identifying the five primary functions of management.

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, sex, or disability.

Accounting Fraud

Intentional manipulation or falsification of financial records or transactions to deceive stakeholders, often resulting in financial gain for the perpetrator or the company.