Question

Group the following corporate positions along the usual reporting hierarchy: 1. Treasurer 2. Controller 3. Accounts payable manager 4. Cash manager

Answer 1

The usual reporting hierarchy from highest to lowest is Treasurer, Controller, Accounts Payable Manager, and Cash Manager. The Treasurer oversees financial risk, the Controller heads accounting, the Accounts Payable Manager handles invoicing, and the Cash Manager manages cash flow.

Step-by-step explanation:

In a typical corporate hierarchy, various positions have distinct roles and responsibilities that contribute to the financial management of a company. At the higher end of the hierarchy, the Treasurer is responsible for the organization’s treasury and financial risk management. Reporting to the Treasurer would be the Cash Manager, who manages the company’s cash flow and handles daily financial transactions.

Separately, the Controller (often reporting to the Chief Financial Officer) is in charge of the accounting and financial reporting functions of the company. The Controller’s domain typically includes the Accounts Payable Manager, who manages the organization's accounts payable and ensures that all invoices are processed and paid. Therefore, the hierarchy from highest to lowest would be: 1. Treasurer, 2. Controller, 3. Accounts Payable Manager, and 4. Cash Manager.