MANAGEMENT

Detailed explanation-1: -The controller’s responsibilities are primarily accounting in nature, while the treasurer’s responsibilities are primarily related to financial management. 16. Preparation of the firm’s accounting statements is not the responsibility of financial management.

Detailed explanation-2: -The duties of a controller include assisting with the preparation of the operating budgets, overseeing financial reporting and performing essential duties relating to payroll.

Detailed explanation-3: -The controller is more involved in the presentation of financial statements, while the treasurer takes over to decide how to handle the money. The treasurer builds relationships with investment banks to agree on the best ventures to grow the company’s funds, while the controller discusses the best interest for loans.

Detailed explanation-4: -Controllers usually concentrate on what has already happened inside a company. They prepare financial statements and other reports based on past activity. Treasurers focus outward and interact with the bankers, shareholders and potential investors who provide capital.

Detailed explanation-5: -In summary, the Treasurer is responsible for: General financial oversight. Funding, fundraising and sales. Financial planning and budgeting.