Treasurer, Accounting Basics

Treasurer: He is the custodian arid manager of each cash and near-cash resources of the firm. The treasurer arranges credit reviews and sets policy for collecting receivables as debtors of the firm to whom the firm has sold services or goods. He also handles relations with banks and the other lending or financial institutions.

The Financial Executive Institute of (USA) United States of America makes the subsequent distinction among controllership and treasurer-ship functions as:

Controllership                                                 Treasurer-ship

Planning and Control                                      Provision of Capital

Reporting and Interpreting                             Investor Relations

Evaluating and Consulting                              Short-term Financing

Tax Administration                                         Banking and Custody

Government Reporting                                   Credit and Collections

Protection of Assets                                        Investments

Economic Appraisal                                        Insurance

Posted Date: 4/2/2013 6:59:59 AM | Location : United States







Related Discussions:- Treasurer, Assignment Help, Ask Question on Treasurer, Get Answer, Expert's Help, Treasurer Discussions

Write discussion on Treasurer
Your posts are moderated
Related Questions
I AM HAVING DIFFICULTIES SOLVING ONE PARTICULAR ACCOUNTING PROBLEM

Benchmarking A process by which a company reassesses its established business practices by comparing them with the best practices of other organizations.  This process is desi

Having trouble with word problem: Planned Acquisition cost $2.1M Salvage Value $0 16% discount rate savings = year end Savings: year 1 150k year 2 175k year 3 300K year

Secret Trails received payment in full within the credit period for horse boarding for $900 plus 6% sales tax. terms of the sale were 2/10, n/30. which entry is required to record

Q. Define Current assets? Current assets are cash and other assets that a business is able to convert to cash or uses up in a relatively short period one year or one operating

Treasurer: He is the custodian arid manager of each cash and near-cash resources of the firm. The treasurer arranges credit reviews and sets policy for collecting receivables as d

Q. Example of Adjustments for deferred items? A real physical inventory a count of the supplies on hand at the end of the month showed only USD 900 of supplies on hand. Therefo

Calculate WACC and Rate of Return Capital Structure: 50% debt and 50% equity financing Current cost of debt is 2% above prime (Prime is currently 2.5%) cost of equity is e

Q. What is Posting reference column? This column demonstrates the account number of the debited or credited account. For example in Exhibit 8 the number 100 in the first entry

Q. Explain journal entry? A journal is a sequential arranged in order of time record of business transactions. A journal entry is the stacking of a business transaction in the