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George Jimenez is the controller at Balkin Electronics, a manufacturer of devices for the computer industry. The company may promote him to chief financial officer.
George Jimenez is the controller at Balkin Electronics, a manufacturer of devices for the computer industry. The company may promote him to chief financial officer. Requirements 1. In the table provided, 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? Requirement 1 . In the following table, indicate which executive is primarily responsible for each activity. Indicate which executive is primarily responsible for each activity. Activity Executive Managing the company's long-term investments Presenting the financial statements to the board of directors Strategic review of different lines of businesses Budgeting funds for a plant upgrade Managing accounts receivable Negotiating fees with auditors Assessing profitability of various products Evaluating the costs and benefits of a new product design Requirement 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? George Jimenez can be better positioned for his role as CFO by doing the following: (Select all that apply.) A. preparing accounts payable aging reports B. attending courses that focus on the interaction and negotiations between the various business functions C. getting training in issues related to corporate auditing D. preparing the external investor communications and press releases under the guidance of the CFO E. getting training in issues related to investments and corporate finance F. participating in strategy discussions with senior management G. attending courses in accounting
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