For a typical corporation, controllership and treasury are functions of the

For a typical corporation, controllership and treasury are functions of the

• A. CEO
• B. Board of Directors
• C. COO
• D. CFO

Answer: (D)

The main idea is that controllership and treasury are central financial leadership responsibilities. Controllership handles accounting policy, the general ledger, financial reporting, and internal controls to ensure GAAP compliance and accurate statements. Treasury focuses on cash management, funding, debt, liquidity, and banking relationships. Both areas require alignment with the company’s financial strategy and risk management, which is why they sit under the Chief Financial Officer. The CEO and COO oversee broader operations, while the Board provides governance and oversight; they don’t typically run accounting and treasury functions. So, the CFO is the best fit for these responsibilities.

The main idea is that controllership and treasury are central financial leadership responsibilities. Controllership handles accounting policy, the general ledger, financial reporting, and internal controls to ensure GAAP compliance and accurate statements. Treasury focuses on cash management, funding, debt, liquidity, and banking relationships. Both areas require alignment with the company’s financial strategy and risk management, which is why they sit under the Chief Financial Officer. The CEO and COO oversee broader operations, while the Board provides governance and oversight; they don’t typically run accounting and treasury functions. So, the CFO is the best fit for these responsibilities.