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ACCA Applied Knowledge · Business and Technology · The relationship between accounting and other business functions

Which of the following is a typical treasury management responsibility rather than a financial accounting responsibility?

Arranging short-term borrowing and managing surplus cash is a treasury responsibility. Treasury focuses on liquidity, funding and financial risk. Preparing the statement of financial position, posting sales invoices and calculating depreciation are all financial accounting tasks concerned with recording and reporting.

  1. APreparing the statement of financial position at the year end
  2. BPosting sales invoices to the receivables ledger
  3. CArranging short-term borrowing and managing surplus cashCorrect
  4. DCalculating the depreciation charge for non-current assets

Explanation

Treasury manages liquidity, borrowing, investing surplus cash and financial risk. The other three are financial accounting tasks involving recording and reporting transactions.

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