A) Name and briefly explain one way in which the responsibilities of the financial manager (often called a treasurer) are different than those of an accounting manager (such as a controller).

B. Both of these managers will usually report to a firm's Chief Financial Officer (CFO) who is most likely an executive officer and manager. How do the finance and accounting functions each support the CFO and contribute value to the organization?

A. The responsibilities of financial managers are different than the accounting manager because the financial manager will be trying to proactively estimate the risk associated with operations of the company and the cash flows of the projects in the future and they will be trying to discounted in the present, whereas the accounting manager will always look for proper adoption of of ifrs and other accounting standards which will be helping the company in order to comply with the best possible internationally acceptable practices.

B. Finance functions are supporting the chief financial officer in order to utilise the finance in effective manner and select the best possible projects which will maximize the rate of return and it will also help in understanding the external economic scenario in a better manner in order to have a maintenance of core competencies and selection of all such projects which will be helpful in reflection of best capital budgeting decision making for the company, whereas accounting function is mostly related as adoption of proper accounting and high degree of understanding of international standards and best policies in order to reflect the true and fair view so that there should be no compliance risk associated with the performance of company.