Question

37 Organizational Structure. The following list of personnel within organizations comes from Figure 1.1 1. Board of directors 2. Chief financial officer 3. Controller 4. Managerial accountant 5. Financial accountant 6. Tax accountant 7. Treasurer 8. Internal auditor Required: Match each previous item with the most accurate description as follows. a. Assists in preparing information used for decision making within the organization b. Assists in preparing tax reports for governmental agencies, including the Internal Revenue Service c Responsible for confirming that controls within the company are effective in ensuring accurate financial data, and serves as an independent link with the board of directors d. Responsible for all finance and accounting functions within the organization and typically reports to the chief executive officer e. Elected by the shareholders of the company f. Oversees the managerial accountant, financial accountant and tax accountant 9. Responsible for obtaining financing for the organization, projecting cash flow needs, and managing cash and short-term investments h. Assists in preparing financial information, usually in accordance with U.S. GAAP for those outside the company

Answer 1

The correct match is as follows

A. Preparing information for decision making - managerial accountant

B. Tax reports - tax accountant

C. Controls are effective - internal auditor

D.finance and accounting functions- controller

E.elected by shareholders- board of directors

F.overseas accountants - Chief financial officer

G. Responsible for cash- treasurer

H.preparing financial information- financial accountant