Asked by Riley Runnells on Jul 29, 2024
Verified
Raising money and handling financial relationships with outsiders is a function of the:
A) controller.
B) treasury department.
C) accounting department.
D) All of the above
Treasury Department
A government's division responsible for managing its finances, including producing currency, collecting taxes, and managing the national debt.
Controller
The executive in charge of the accounting function in most companies. The controller generally reports to the CFO.
Financial Relationships
The analysis and assessment of the connections between various financial metrics and entities, including investments, expenses, revenues, and profits.
- Comprehend the strategies employed by businesses to procure assets through financing.
Verified Answer
ZK
Zybrea KnightAug 04, 2024
Final Answer :
B
Explanation :
Raising money and handling financial relationships with outsiders falls under the purview of the treasury department which is responsible for managing the organization's finances, investing money, and handling cash management. The role of the controller is to oversee accounting operations, while the accounting department is responsible for recording and reporting financial transactions. Therefore, options A and C are incorrect.
Learning Objectives
- Comprehend the strategies employed by businesses to procure assets through financing.