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.

REQUIRED 1. In this table, indicate which executive is primarily responsible for each activity.

2. Based on this table and your understanding of the two roles, what types of training or experience will George find most useful for the CFO position?LO1

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Activity Managing accounts payable Communicating with investors Strategic review of different lines of businesses Budgeting funds for a plant upgrade Managing the company's short-term investments Negotiating fees with auditors Assessing profitability of various products Evaluating the costs and benefits of a new product design Controller CFO