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Managerial Accounting

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The title of "controller" as applied to the manager in charge of the accounting department results from the fact that

the controller has final authority over all expenditures made by the organization.
the controller has line authority over the various managers of the organization.
the controller exercises control through the reporting and interpreting of data needed in decision making.
the controller must maintain strict "control" over the financial resources of the organization in order to avoid the occurrence of theft

Correct - Your answer is correct.

Wrong - Your answer is wrong.

Detailed Answer

Correct answer: (C)

the controller exercises control through the reporting and interpreting of data needed in decision making.

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