Asked by Monique Duplessis on May 05, 2024
Verified
The manager responsible for the accounting information concerning cash flows is the:
A) Controller.
B) Payables manager.
C) Credit manager.
D) Purchasing manager.
E) Production manager.
Cash Flows
The net amount of cash and cash-equivalents being transferred into and out of a business.
Controller
A senior financial officer within a company responsible for overseeing accounting operations, financial reporting, and internal controls.
- Apprehend the positions and accountabilities of assorted managers involved in financial operations.
Verified Answer
KS
KARANVEER SINGHMay 12, 2024
Final Answer :
A
Explanation :
The controller is responsible for the accounting operations of a company, which includes the production of financial reports, maintenance of an adequate system of accounting records, and a comprehensive set of controls and budgets designed to mitigate risk, enhance the accuracy of the company's reported financial results, and ensure that reported results comply with generally accepted accounting principles or international financial reporting standards. This includes information concerning cash flows.
Learning Objectives
- Apprehend the positions and accountabilities of assorted managers involved in financial operations.
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