Role of controller, role of chief financial officer. George Perez is the controller at Allied Electronics, a manufacturer of devices for the computer industry. He is being considered for a promotion to chief financial officer.
1. In this table, indicate which executive is primarily responsible for each activity.
|
Activity |
Controller |
CFO |
|
Managing accounts payable |
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Communicating with investors |
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Strategic review of different lines of businesses |
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Budgeting funds for a plant upgrade |
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Managing the company’s short term investments |
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Negotiating fees with auditors |
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Assessing profitability of various products |
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Evaluating the costs and benefits of a new product design |
Evaluating the costs and benefits of a new product design
2. Based on this table and your understanding of the two roles, what types of training or experiences will George find most useful for the CFO position?