George Jimenez is the controller at Balkin Electronics, a manufacturer of devices for the computer industry. The company may promote him to chief financial officer.

Required

1. In this table, indicate which executive is primarily responsible for each activity.

2. Based on this table and your understanding of the two roles, what types of training or experience will George find most useful for the CFOposition?

Conroller CFO Activity Managing the companys long-term investments Presenting the financial statements to the board of directors Strategic review of different lines of businesses Budgeting funds for a plant upgrade Managing accounts receivable Negotiating fees with auditors Assessing profitability of various products Evaluating the costs and benefits of a new product design