Question

1. There are two major divisions of finance in a corporation Controller and Treasurer. Provide 4 job descriptions that fall under each of the two divisions.

Answer 1

Major divisions of finance in corporation are:-

1.controller

2.Treasurer

Job descriptions under controller are:-

1. Cost controller-who are responsible for cost ascertainment,Analysis,Cost controlling of services and products rendered and produced.

2. Accounts manager-who are responsible for finalising and closing books of Accounts on time,so that financial statement are presented on time

3. Financial Analyst-who are responsible for preparing budget and doing variance analysis & reporting of various reports to management for taking better decision.

4. Taxation officer-who are responsible for timely compliance of statutory taxes and dues.

Job descriptions under Treasurer are:-

1.Investment Manager-who are responsible for investment decision such as long and short term of investments.

2. Credit managers- who are accountable for the entire credit granting process, including the consistent application of a credit policy, periodic credit reviews of existing customers, and the assessment of the creditworthiness of potential customers.

3.Client outstanding manager-who are responsible for collection of money from debtor of organisation ,& also responsible for fast collection of funds from client

4.Subcontractor/supplier bill Accountant-who are responsible for allocation of fund to various supplier and subcontractor of organisation/in short creditors  payment.