Asked by Belinda Riojas on May 04, 2024
Verified
In most business organizations, the chief management accountant is called the
A) chief accounting officer
B) controller
C) chairman of the board
D) chief executive officer
Chief Management Accountant
A senior-level executive responsible for overseeing a company's management accounting, providing financial insights and strategies for decision-making.
Controller
A senior financial officer in a company responsible for overseeing accounting and financial reporting.
- Recognize the tasks and responsibilities associated with leadership roles in a business entity.
Verified Answer
MK
Maggie KellerMay 10, 2024
Final Answer :
B
Explanation :
The chief management accountant is typically referred to as the controller in business organizations. They are responsible for the financial management and accounting functions within the company, including preparing financial reports, managing budgets, and ensuring compliance with accounting regulations. The other options listed (chief accounting officer, chairman of the board, and chief executive officer) are all separate and distinct positions within a company's management structure.
Learning Objectives
- Recognize the tasks and responsibilities associated with leadership roles in a business entity.
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