eFM4 Financial Controllership Lesson 2

Which function involves analyzing financial data to support management decisions?

• Planning Function

• Reporting Function

• Controlling Function

• Accounting Function

Which title typically denotes a higher level of financial responsibility including strategic planning beyond day-to-day accounting?

• Financial Controller

• Chief Financial Officer (CFO)

• Treasurer

• Accounting Manager

What is one of the main planning functions of a Financial Controller?

• Managing payroll processing

• Developing and managing the organization's budget

• Preparing tax returns

• Supervising the accounting team

Which of the following is NOT a reporting function of a Financial Controller?

• • Creating financial statements

• Preparing management reports

• • Ensuring compliance with regulatory requirements

• Monitoring cash flow

Which title emphasizes a focus on financial reporting and compliance?

• • Treasurer

• Finance Manager

• Financial Reporting Manager

• Director of Finance

What title is often used when the financial role is more focused on managing the accounting team?

• Treasurer

• Financial Controller

• Director of Finance

• Accounting Manager

What role does the Controller play in compliance and tax responsibilities?

• Preparing and filing tax returns and regulatory documents on time

• Setting strategic financial direction

• Managing investor relations

• Developing investment plans

What is a key responsibility of the Controller when preparing for audits?

• Drafting company contracts

• Conducting market research

• Organizing financial records and cooperating with auditors

• Developing marketing strategies

Which of the following is NOT part of the accounting function of a Financial Controller?

• Maintaining the general ledger

• Managing accounts payable and receivable

• Conducting financial projections

• Coordinating with external auditors

How does the Controller support the CFO’s strategic role?

• By making high-level financial decisions

• • By providing detailed financial information for strategic planning

• By managing investor relations

• By overseeing company mergers