Question

Which of the following pairs of functions would you expect might report directly to the vice president of finance?

a. credit department and controller
b. shopping department and controller
c. accounts receivable department and treasurer
d. treasurer and controller

Answer 1

The treasurer and controller are the pair of functions that would report directly to the vice president of finance, as they handle crucial financial management and reporting responsibilities in a company.

Step-by-step explanation:

Within a corporate finance structure, the roles that might report directly to the vice president of finance are typically central to the financial operations of the company. The positions that fulfill these roles are often strategic and involve significant responsibility for managing the company's finances. Therefore, the treasurer and the controller are the pair of functions that would be expected to report directly to the vice president of finance. The treasurer is responsible for the company's treasury functions, which include cash management, investment management, and risk management related to financial activities. Meanwhile, the controller's role involves overseeing accounting and financial reporting. Both roles are crucial for maintaining financial stability and compliance, and therefore their alignment with senior financial leadership is critical.