Treasurer, Accounting Basics

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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


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