Management and Organizational Studies 1023A/B Lecture Notes - Lecture 4: Canadian Medical Association, Chief Executive Officer, Earnings Before Interest And Taxes

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 1023A/B
• Professor: Maria Ferraro

Document Summary

Role of accounting accounting and decision making. Key financial players: chief executive officer (ceo) the highest ranking executives in an organization. Think of it like the captain of the ship: chief financial officer (cfo) reports to the ceo and is responsible for all accounting and financial information. Often hires a controller to direct the accounting function and treasurer to oversee the financial function: chief internal auditor (cia) who manages the internal audit function. Frequently report directly to the audit committee of the board of directors: controller manages the day to day accounting for the firm and oversees corporate accounting policies. The controllers staff assists in planning the firm"s operations, designing and operating information systems, and fostering effective decision making. Ensures that the firm raises the required capital at the lowest cost and uses the capital at the lowest cost and uses the capital wisely to maximize shareholder"s returns.