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Does every company have both a controller and a​ treasurer? Explain.

Does every company have both a controller and a​ treasurer? Explain.

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter2: Financial Statements And The Annual Report
Section: Chapter Questions
Problem 2.11E
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Does every company have both a controller and a​ treasurer? Explain.
 
 
 

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Part 1
 
 
A.
A controller is concerned mainly with the​ company's financial​ matters, the treasurer with operating matters. In small​ organizations, there are sufficient activities associated with both financial and operating matters to justify two separate positions. In a large​ organization, the same person might be both treasurer and controller.
 
B.
A treasurer is concerned mainly with the​ company's financial​ matters, the controller with operating matters. In large​ organizations, there are sufficient activities associated with both financial and operating matters to justify two separate positions. In a small​ organization, the same person might be both treasurer and controller.
 
C.
A treasurer is concerned mainly with the​ company's financial​ matters, the controller with operating matters. In small​ organizations, there are sufficient activities associated with both financial and operating matters to justify two separate positions. In a large​ organization, the same person might be both treasurer and controller.
 
D.
A controller is concerned mainly with the​ company's financial​ matters, the treasurer with operating matters. In large​ organizations, there are sufficient activities associated with both financial and operating matters to justify two separate positions. In a small​ organization, the same person might be both treasurer and controller.
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