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CMA Intermediate · Financial Management and Business Data Analytics · Introduction to Financial Management

Which activity is a typical responsibility of the treasurer, as distinct from the controller, in the finance organisation of a large company?

Managing cash, raising funds and maintaining relations with banks and investors is the treasurer's role. Preparing financial statements, designing accounting systems, taxation and variance reporting are controller functions focused on accounting and control.

  1. AManaging cash, raising funds and maintaining relations with banks and investorsCorrect
  2. BPreparing statutory financial statements and cost reports
  3. CDesigning the internal accounting system and tax compliance
  4. DConducting the internal budget variance reporting

Explanation

The treasurer handles the funds side: cash management, fund raising, banking and investor relations, and investment of surplus funds. The controller handles accounting, reporting, budgeting, cost control and tax matters, which are the other options.

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