An officer responsible for financial operations of organization is considered as ___________?
Correct answer: D. chief financial officer
- A. chief staff functionCompare Credit Cards
- B. chief manager
- C. chief line function
- D. chief financial officer
Explanation
The chief financial officer is the senior officer responsible for an organization’s financial operations, including finance, reporting, and funding decisions. The other choices are not standard titles for this responsibility.
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About Accounting Principles
Accounting principles explain the rules used to record, classify and report business transactions. Coverage includes the accounting equation, double-entry system, accrual and cash bases, matching and prudence concepts, consistency, going concern, business entity, and the difference between capital and revenue items.
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