Which financial role is responsible for raising capital and investing funds?

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Prepare for the UCF ACG2071 Managerial Accounting Test with our study guides, flashcards, and multiple-choice questions. Enhance your understanding and strategies for a successful exam outcome. Gear up for academic success!

The treasurer plays a crucial role in an organization's financial management, specifically focusing on raising capital and investing funds. This position is responsible for overseeing the company’s liquidity, funding strategies, and risk management related to financial investments. The treasurer actively manages cash flow and financial resources, ensuring that the company has adequate funds to meet its obligations and can invest in projects that will generate future returns.

While the controller typically handles the organization’s accounting functions, financial reporting, and compliance, the chief executive officer focuses on overall business strategy and direction. The chief financial officer, although involved in financing and investment decisions, encompasses a broader range of responsibilities, including financial planning and analysis, reporting, and corporate strategy. The specific responsibility for capital raising and investment management distinctly falls under the purview of the treasurer, making this role fundamental in ensuring the company meets its financial goals.