Asked by Deijah Drakeford on May 03, 2024
Verified
In smaller companies, the term controller may be used to refer to the chief financial officer.
Chief Financial Officer
The senior executive responsible for managing the financial actions of a company, including tracking cash flow and financial planning as well as analyzing the company's financial strengths and weaknesses and proposing corrective actions.
Controller
The manager of the accounting function of a vertical (business unit).
- Acknowledge the financial responsibilities and functions that fall under the chief financial officer (CFO).
Verified Answer
LS
Larissa SpitzigMay 03, 2024
Final Answer :
True
Explanation :
In smaller companies, the roles of a controller and a chief financial officer (CFO) can overlap, and the term controller may indeed be used to refer to the person performing the chief financial officer's duties.
Learning Objectives
- Acknowledge the financial responsibilities and functions that fall under the chief financial officer (CFO).
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