MALESIA N.

ALMOJUELA BSA 2D | PROFESSIONAL ENVIRONMENT OF COST MANAGEMENT

A. Who is a Chief Financial Officer? Functions and responsibilities?

It is a senior executive that is responsible for managing the financial actions of a company. It is
often the highest financial position, playing the vital role in the company’s strategic initiatives.

• Analyzing the company’s financial strengths & weaknesses and proposing corrective actions.
• Responsible for managing the finance and accounting divisions, and ensuring that the
company’s financial reports are accurate and completed in timely manner.
• Financial controller who handles everything relating to cash flow, financial planning, and
taxation issues.

B. Who is a Controller? Functions and responsibilities?

These are the people who does the accounting functions in the company. They are detailed on
doing the accounting, financial reports and information, and tax

• Accounting process
• Financial reporting
• Planning and control
• Internal audit and control
• Tax administration
• Statutory and government reporting
• Managerial accounting

C. Who is a Treasurer? Functions and responsibilities?

These are the people who does particular on raising funds of the entity. They are detailed on
management of cash and marketable securities, plannings of capital structure and raising
capital.

• Provision od capital
• Maintaining relationship with banks and other financial institutions
• Cash and receivable management
• Protect funds and securities
• Maintain investor relations