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Asked by Kelsey Brianne on May 21, 2024

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The Treasurer is usually the executive in charge of the finance department in a large corporation.

Treasurer

The executive in charge of external financing in most companies. The treasurer generally reports to the CFO.

Finance Department

The division within an organization responsible for managing its financial activities, including planning budgets, tracking cash flow, and analyzing financial statements.

Large Corporation

A significantly sized company typically characterized by vast operations, substantial revenues, and a large number of employees.

  • Learn about the various roles and responsibilities assigned to members of a corporate finance department.
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JX
joseph xuerebMay 24, 2024
Final Answer :
False
Explanation :
The Chief Financial Officer (CFO) is typically the executive in charge of the finance department in a large corporation, overseeing financial planning, management of financial risks, record-keeping, and financial reporting. The Treasurer, while important, usually reports to the CFO and focuses on cash and liquidity management, investment, and risk management.

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