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The role of accounting

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA BT – FIA FBT › The role of accounting

  • This topic has 1 reply, 2 voices, and was last updated 10 years ago by AvatarKen Garrett.
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  • June 25, 2015 at 3:40 pm #258828
    Avatarwanching
    Member
    • Topics: 6
    • Replies: 0
    • ☆

    Hello, i am so confuse about the role of accounting.How to distinguish 1]Fianancial director 3]Treasurer 3]Financial controller 4]Management accountant ?? Thank advance for your help

    June 26, 2015 at 8:57 am #258866
    AvatarKen Garrett
    Keymaster
    • Topics: 10
    • Replies: 10654
    • ☆☆☆☆☆

    FD is at the top and is on the board of directors

    Treasurer looks after raising capital, investing surplus cash, foreign exchange

    FC looks after the accouting department, probably both financial accounting and management accounting functions.

    Financial accountant: looks after double entry matters and financial statements.

    Management accountant deals with budgets, costs, reporting differences between actual and budgeted performance.

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