Question 1
A(n) ________ is responsible for overseeing all accounting functions in a company, reports to the CFO or company president, and is the higher ranking accountant in a company.
◦ inventory manager
◦ controller
◦ treasurer
◦ credit manager
◦ cost accountant
Question 2
Accrued expenses are expenses that ________.
◦ are likely to be incurred at a future time in a different financial year
◦ have been incurred but for which bills have not yet been received
◦ are long-term liabilities that have been incurred in a financial year
◦ have been incurred and for which the bills have been received
◦ are likely to be incurred at a future time in the same financial year
