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  • Guese, Christian Nicolas A FM 2-3 Fiancial Management Activity 1

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    Guese, Christian Nicolas A
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    X and Y were hired by a corporation after graduating business school 10 years ago. X studied finance with a focus on markets and institutions, while Y majored in accounting and became a certified public accountant. The treasurer manages a company's cash, pensions, and risks, advising on economic changes, making X suited for this role. As someone with an accounting degree and CPA, Y is suited to be the controller who oversees accounting activities like financial reporting and tax management.

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    X and Y were hired by a corporation after graduating business school 10 years ago. X studied finance with a focus on markets and institutions, while Y majored in accounting and became a certified public accountant. The treasurer manages a company's cash, pensions, and risks, advising on economic changes, making X suited for this role. As someone with an accounting degree and CPA, Y is suited to be the controller who oversees accounting activities like financial reporting and tax management.

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    © All Rights Reserved
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    10 views1 page

    Guese, Christian Nicolas A FM 2-3 Fiancial Management Activity 1

    Uploaded by

    Guese, Christian Nicolas A
    X and Y were hired by a corporation after graduating business school 10 years ago. X studied finance with a focus on markets and institutions, while Y majored in accounting and became a certified public accountant. The treasurer manages a company's cash, pensions, and risks, advising on economic changes, making X suited for this role. As someone with an accounting degree and CPA, Y is suited to be the controller who oversees accounting activities like financial reporting and tax management.

    Copyright:

    © All Rights Reserved
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    of 1

    Christian Nicolas A.

    Guese
    FM 2-3

    Activity 1

    X and Y went to a business school together 10 years ago. A corporation that wants to bring in
    new Financial Managers has just hired them. X studied Finance, with an emphasis on financial
    markets and institutions. Y majored in Accounting and became a Certified Public Accountant 5
    years ago. Who is more suited to be the Treasurer and who is more suited to be the Controller?

    The treasurer serves as the protector of a company’s value and finances from financial risks that
    arises from business activities. They manage the firm’s cash, oversees its pension plans, and
    manage key risks. They also gives advice to the management on the proper way to handle
    possible economic changes. Since X is the one who studied in the science and art of managing
    money, he is suitable to be the Treasurer. Y on the other hand is most qualified for the position
    of a controller because he graduated in Accountancy and a controller’s responsibilities involves
    accounting activities such as corporate accounting, financial accounting, cost accounting, tax
    management, preparation of financial reports etc.

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