Treasurer, Accounting Basics

Assignment Help:

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


Related Discussions:- Treasurer

Prepare journal entries to record transactions, On January 1, 2012, Magnus ...

On January 1, 2012, Magnus Corporation had 60,000 shares of $1 par value common stock issued and outstanding. During the year, the following transactions occurred: Mar. 1

Prepare a schedule of depreciation expense for an equipment, 1. Mama's Frie...

1. Mama's Fried Chicken bought equipment on January 2, 2010, for $15,000.  The equipment was expected to remain in service 4 years and to perform 3,000 fry jobs.  At the end of the

Provision for bad debts, A business had always made a provision for doubtfu...

A business had always made a provision for doubtful debts at the rate of 5% of debtors. On 1 January 2017 the provision for doubtful debts brought forward from the previous year wa

What do you understand by goodwill, Q. What do you understand by Goodwill? ...

Q. What do you understand by Goodwill? Goodwill -- in accounting, difference between what a company pay when it buys theassets of another company and book value of those assets

Explain about statement of cash flows, Q. Explain about statement of cash f...

Q. Explain about statement of cash flows? Retained earnings usually consist of the accumulated net income of the corporation minus dividends distributed to stockholders. We exa

ACCRUAL CONCEPT, WHAT DO YOU MEAN BY ACCRUAL CONCEPT

WHAT DO YOU MEAN BY ACCRUAL CONCEPT

IAS 40, what are the limitation

what are the limitation

General Journal, Received and paid the telephone bill for $231 including GS...

Received and paid the telephone bill for $231 including GST

Montana company produces basketballs., Montana Company produces basketballs...

Montana Company produces basketballs. It incurred the following costs during the year. Direct materials: $14,032 Direct Labor: $25,706 Fixed manufacturing overhead: $9,698

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd