Question

The treasurer (also called the chief accounting officer) is the financial executive primarily responsible for both management accounting and financial accounting. True or False.

Answer 1

The treasurer is the financial executive primarily responsible for both management accounting and financial accounting.

Step-by-step explanation:

The statement is true. The treasurer, also known as the chief accounting officer, is responsible for both management accounting and financial accounting. In management accounting, the treasurer analyzes and interprets financial information to help make strategic decisions within the organization. In financial accounting, the treasurer ensures the accuracy and compliance of financial records and reports.