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Q. Describe the Functions of Controller?
(1) Planning and budgeting: - It comprises capital expenditure planning, profit planning, budgeting, inventory control, sales forecasting etc.
(2) Financial Accounting: - He establishes a appropriate system of accounting controls it and prepares financial statements such as profit and Loss Account and Balance Sheet etc.
(3) Cost Accounting: - He set up a cost accounting system appropriate to the business and controls it.
(4) Data Processing: - It comprises the collection and analysis of business data.
(5) Internal Auditing: - He manages internal audit as well as internal control.
(6) Annual Reports: - He prepares annual reports as well as various other reports needed by the top management.
(7) Information to Government: - He organizes annual reports to be submitted to the Government under various laws.
Q. Graphic Presentation of Organisation of Finance Function? Graphic Presentation of Organisation of Finance Function: - The following chart describes the organization of the f
A company has the opportunity to sell an old machine. The machine is fully depreciated to a zero book value but could be sold for $5,000. If the company did not sell the machine, i
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how to calculate the net present value when there is company tax rate and rate of return assume that lease is for 2 years payable at the begining of the yr, at the end of two yrs t
explain accounting purposes
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