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Problem 1: Which of the following statements is correct?
A. A financial controller is only responsible for financial accounting.B. The primary role of the finance function of an organisation is to liaise with banks and financial intuitions to obtain finance to fund operations.C. In some organisations, management accountants are located in factories.D. Management accountants are responsible for external reporting as well as providing information to internal managers.
Problem 2: The 'vision' of an organisation
A. refers to the desired future state of an organisation.B. refers to a statement that defines the purpose of the organisation.C. refers to specific statements of objective, upon which goals can be set.D. is only useful for non-profit organisations.
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