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    Amity 2nd Sem Financial Management Q.no 1

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    prakhar28_priyadarshi
    The document compares and contrasts the roles of a controller and treasurer. It states that while a controller's responsibilities include accounting, financial reporting, fraud prevention and statutory compliance, a treasurer focuses more on liquidity management, risk management, and cash flow forecasting to ensure future financial performance. Additionally, it notes that in most Indian companies, there is no separate treasury department and the controller takes on treasury responsibilities as well.

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    Amity 2nd Sem Financial Management Q.no 1

    Uploaded by

    prakhar28_priyadarshi
    131 views1 page
    The document compares and contrasts the roles of a controller and treasurer. It states that while a controller's responsibilities include accounting, financial reporting, fraud prevention and statutory compliance, a treasurer focuses more on liquidity management, risk management, and cash flow forecasting to ensure future financial performance. Additionally, it notes that in most Indian companies, there is no separate treasury department and the controller takes on treasury responsibilities as well.

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    The document compares and contrasts the roles of a controller and treasurer. It states that while a controller's responsibilities include accounting, financial reporting, fraud prevention and statutory compliance, a treasurer focuses more on liquidity management, risk management, and cash flow forecasting to ensure future financial performance. Additionally, it notes that in most Indian companies, there is no separate treasury department and the controller takes on treasury responsibilities as well.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    131 views1 page

    Amity 2nd Sem Financial Management Q.no 1

    Uploaded by

    prakhar28_priyadarshi
    The document compares and contrasts the roles of a controller and treasurer. It states that while a controller's responsibilities include accounting, financial reporting, fraud prevention and statutory compliance, a treasurer focuses more on liquidity management, risk management, and cash flow forecasting to ensure future financial performance. Additionally, it notes that in most Indian companies, there is no separate treasury department and the controller takes on treasury responsibilities as well.

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    © All Rights Reserved
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    Q,NO.

    1(a)

    Controller and Treasurer are independent and they have their own perspectives and Drivers as
    detailed below:

    CONTROLLER TREASURER
    Responsibilities includes, Double entry Responsible for Liquidity management (very
    accounting, financial reporting, Fraud measure, important function), Risk Management, More
    detective controls, financial restatement, focus on financial statements, follows leading
    Compliance with statutory requirements like practices & responsible for the future
    Rules, Accounting Standards, GAAP, IFRS etc. performance of company (projects cash flows.
    Controller works & forecasts the events for along Treasurer works/ forecasts the events
    term. Main focus income statement. regularly(daily / weekly) focus Balance sheet
    & future capital structure, capital expenditure etc.
    Ex: Cash involved event Controller looks from Treasurer concentrates more on cash availability
    compliance angle (how to record, what GAAP focus i.e. how to bring in the required cash etc.
    provides etc.,

    Therefore, from the above it is clear that, controller & treasurer have different roles to play. However
    ,majority of the Indian companies works with Financial Controller who himself takes care of the
    treasury department / Portfolio. Therefore, as far as from Indian context, it can be concluded that,
    controller is also responsible for treasury jobs & there is no separate treasurer / treasury
    department exists.

    Q.No, !(b)

    Particulars Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year7


    Cost of Rs - - - - - - -
    Machinery 8,00,00
    0
    Down 1,50,00 - - - - - - -
    Payment 0
    Made by
    Firm
    Financed 6,50,00 - - - - - - -
    through 0
    borrowings
    Repayment 9,00,00 1,50,00 1,50,00 1,50,00 1,50,00 1,50,00 1,50,00 1,50,00
    in equal 0 0 0 0 0 0 0 0
    instalments
    every
    year(Maximu
    m of 6 years)
    Total 2,50,00 - - - - - - -
    Interest Paid 0
    over 6 years
    Rate of 38.46% - - - - - - -
    Interest

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