Question

Which of the following statements more accurately describes the treasurer than the controller? You may select more than one answer. a. Monitors capital expenditures to make sure that they are not misappropriated. b. Responsible for investing the firm's spare cash. c. Responsible for arranging any issue of common stock. d. Responsible for the company's tax affairs.

Answer 1

Answer:

a. Monitors capital expenditures to make sure that they are not misappropriated.

Explanation:

A noteworthy factor of a Treasurer over the Controller is that treasurers are focused on how capital is appropriated. Thus, a company treasurer would monitor the capital expenditures so as to make sure that they are not misappropriated.

On the other hand,  the controller does mainly budgeting, internal tax accounting, and financial reporting.