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

The major difference in the statement of retained earnings, The major diffe...

The major difference in the statement of retained earnings between a service business and a  Merchandising business is  A. that the retained earnings statement of a merchandisi

Advantages of setting accounting standards, Advantages of setting Accountin...

Advantages of setting Accounting Standards: 1. Setting of Accounting Standards will decrease the variations in the preparation of financial statements significantly. 2. Sett

Qualitative characteristics of financial reporting, Q. Qualitative characte...

Q. Qualitative characteristics of financial reporting? Accounting information must possess qualitative characteristics to be useful in decision making. This criterion is hard t

Traditional tax accounting job, The career paths outlined above don't nearl...

The career paths outlined above don't nearly cover all of the many professional options available to tax specialists. For instance are you concerned that a traditional tax accounti

FAC, Which of the following items will be entered in the cash payments jour...

Which of the following items will be entered in the cash payments journal of an entity when app applicable subsidiary journals are in use? Merchandise purchased on credit Merchand

Ledger, basic problems about ledger

basic problems about ledger

What are the possible advantages of an offshore pension fund, Question 1: ...

Question 1: ‘A pension fund is an arrangement under which an organization makes financial provisions for its employees as well as its senior executives.' (a) What are the r

Bank for international settlements (bis), Bank for International Settlement...

Bank for International Settlements (BIS) A consortium bank recognized to coordinate the collection and rescheduling of German reparations after World War I, the BIS has surviv

Illustrate a sales cycle of company, Q. Illustrate a sales cycle of company...

Q. Illustrate a sales cycle of company? When exploratory a company's management, sales cycle and users of financial data must be aware of any seasonal changes that may affect i

First-in first-out inventory, Q. First-in first-out inventory? FIFO (fi...

Q. First-in first-out inventory? FIFO (first-in first-out): Ending inventory contains of the most recent purchases. FIFO presumes that the costs of the first goods purchased ar

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