Role of controller, role of chief financial officer. George Jimenez is the controller at Balkin Electronics, a manufacturer of devices for the computer industry. The company may promote him to chief financial officer. 1. In this table, indicate which executive is primarily responsible for each activity. 2. Based on this table and your understanding of the two roles, what types of training or experience will George find most useful for the CFO position?
Role of controller, role of chief financial officer. George Jimenez is the controller at Balkin Electronics, a manufacturer of devices for the computer industry. The company may promote him to chief financial officer. 1. In this table, indicate which executive is primarily responsible for each activity. 2. Based on this table and your understanding of the two roles, what types of training or experience will George find most useful for the CFO position?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Role of controller, role of chief financial officer. George Jimenez is the controller at Balkin Electronics, a manufacturer of devices for the computer industry. The company may promote him to chief financial officer.
1. In this table, indicate which executive is primarily responsible for each activity.
2. Based on this table and your understanding of the two roles, what types of training or experience will George find most useful for the CFO position?
Transcribed Image Text:CFO
Activity
Managing the company's long-term investments
Presenting the financial statements to the board of directors
Strategic review of different lines of businesses
Budgeting funds for a plant upgrade
Managing accounts receivable
Negotiating fees with auditors
Assessing profitability of various products
Evaluating the costs and benefits of a new product design
Controller
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