Financial function of an organization

Within the financial function of an organization, which office generally is responsible for managing the firm’s cash and credit, its financial planning, and its capital expenditures.
The Treasurer’s Office
Within the financial function of an organization, which office is generally responsible for handling cost and financial accounting, tax payments, and management in formation systems.
The Controller’s Office
What is known as a potential future negative impact to value and/or cash flows, and is also often discussed in terms of the probability of loss and the expected magnitude of the loss.
Risk can mean the chance of financial loss, or the range of outcomes for expected returns

Sample Solution

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  • The Treasurer’s Office:

    • You’re correct. The Treasurer’s Office is typically responsible for:
      • Cash management: Ensuring the company has sufficient liquidity.
      • Credit management: Managing accounts receivable and extending credit to customers.
      • Financial planning: Forecasting future cash flows and developing financial strategies.
      • Capital expenditures: Evaluating and managing investments in long-term assets.
  • The Controller’s Office:

    • Also correct. The Controller’s Office handles:
      • Cost and financial accounting: Preparing financial statements and reports.
      • Tax payments: Ensuring compliance with tax laws and managing tax liabilities.
      • Management information systems: Overseeing the financial data and reporting systems.
  • Risk:

    • Your definition is accurate. Risk in finance is:
      • A potential future negative impact on value and/or cash flows.
      • Expressed as the probability of a loss and the magnitude of that loss.
      • Also it can be the range of outcomes for expected returns.

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