Question

Match each role on the left with its corresponding description on the right.

Answer 1

Answer:

1. Book keeper: Carol, an employee of Fresh Café, documents all of its monetary transactions

2. Shareholder: Kyle purchased $1,500 of stock in Computers 'R Us

3. Auditor: B. Kim, an outside contractor, objectively analyzes Flip's Clothing Boutique's accounting processes and data

4. Controller: Charlie oversees all of Groove Market's financial reporting and accounting

Explanation:

1. A bookkeeper oversees a company’s financial data by maintaining books on accurate information such as payroll, accounts receivables, accounts payables and any other financial transactions and reconciliation.

2. A shareholder, also known as a stockholder is a person or other entity who owns at-least one share of a company’s stock or equity.

3. In auditor is a person who is responsible for evaluating the accuracy and reliability of a company’s financial statements. Auditors can be internal or external. Internal auditors are those who audit the financial statements of the company they exist in and external auditors are those from outside audit firms who are hired to evaluate another company’s financial information.

4. A controller in an individual who has responsibility for all accounts-related activities including financial, managerial and high level accounting.