MANAGERIAL DECISION

Managerial Decision

Managerial Decision

Historically, financial controllers have been charged with managing the financial accounting and reporting functions of their institutions. Consequently, most of their time has been devoted to general stewardship duties, preparing reports to regulators and boards of directors, and containing costs. However, new technologies, accounting and regulatory changes, and increased customer sophistication have combined to create a fiercely competitive industry and to change the controller''s role. (Catanach 1999) For any securities market or stock exchange to be successful it must be possible for investors to easily liquidate or cash in their investments, otherwise they would demand a premium for ...