The controller of a small private college is complaining

Reference no: EM13570732

The controller of a small private college is complaining about the amount of work she is required to do at the beginning of each month. The president of the university requires the controller to submit a monthly report by the fifth day of the following month. The monthly report contains pages of financial data from operations.

The controller was heard saying, "Why does the president need all this information? He probably doesn't read half of the report. He's an old English professor and probably doesn't know the difference between a cost and revenue.a. What is the probable role of the monthly report?b. What is the controller's responsibility with respect to a president who doesn't know much accounting?

Reference no: EM13570732

Questions Cloud

Folder inc sold a piece of equipment for 13400 the book : 1.clean dirt inc had 8000 of salaries payable at december 31 2010. during 2011 clean dirts salary expense was 60000. at

The firm decides to factor 100000 of its receivables : the firm decides to factor 100000 of its receivables without recourse instead of waiting for collections. institution

A soft drink company has three bottling plants throughout : a soft drink company has three bottling plants throughout the country. bottling occurs at the regional level because of

Average accumulated expenditures relating to the factory : average accumulated expenditures relating to the factory building amounted to 1.8 million this year. 10 interst rate

The controller of a small private college is complaining : the controller of a small private college is complaining about the amount of work she is required to do at the

Prepare a schedule to determine whether at the end of 2013 : on january 1 2009 vallahara company purchased machinery for 650000 which it installed in a rented factory. it is

Consider a second alternative for accumulating funds to buy : consider a second alternative for accumulating funds to buy the new billing system. in lieu of a lump sum investment

What was the return on the companys stock for the period : if during a period a company paid a dividend of 5 and the price per share was 60 at the beginning of the period and 75

You invest 1000 in a certificate of deposit that matures : you invest 1000 in a certificate of deposit that matures after 10 years and pays 5 percent interest which is

User Account

All Pages