,
,
, AP
goods or services. By classifying costs this way, the cost accounting system can help
the manager identify areas (processes) that can be improved, lowering costs and
adding value to the organization.
PR
R 1-7.
Answers will vary, but should include some of the following:
Title Major Responsibilities and Major Duties
OV
Chief financial officer (CFO) .... Manages entire finance and accounting function
Treasurer ................................. Manages liquid assets
Conducts business with banks and other
ED
financial institutions
Oversees public issues of stock and debt
Controller ................................. Plans and designs information and incentive
_S
systems
Internal auditor......................... Ensures compliance with laws, regulations, and
company policies and procedures
TU
Provides consulting and auditing services within
the firm
Cost accountant....................... Records, measures, estimates, and analyzes
costs
VI
Works with financial and operational manager to
provide relevant information for decisions
A?
?
2 Fundamentals of Cost Accounting, 2025 Release
,
, AP
goods or services. By classifying costs this way, the cost accounting system can help
the manager identify areas (processes) that can be improved, lowering costs and
adding value to the organization.
PR
R 1-7.
Answers will vary, but should include some of the following:
Title Major Responsibilities and Major Duties
OV
Chief financial officer (CFO) .... Manages entire finance and accounting function
Treasurer ................................. Manages liquid assets
Conducts business with banks and other
ED
financial institutions
Oversees public issues of stock and debt
Controller ................................. Plans and designs information and incentive
_S
systems
Internal auditor......................... Ensures compliance with laws, regulations, and
company policies and procedures
TU
Provides consulting and auditing services within
the firm
Cost accountant....................... Records, measures, estimates, and analyzes
costs
VI
Works with financial and operational manager to
provide relevant information for decisions
A?
?
2 Fundamentals of Cost Accounting, 2025 Release
