Aduana Ltd is Ghanaian based manufacturing company having subsidiaries companies in Nigeria and Gambia.  The company has been growing rapidly and the finance director has recently put in hand a major reorganization of the finance department, including the setting up of a separate treasury function. Required Draft a report from the finance director to the board: Describing the proposed responsibilities of the treasury function  Stating the advantages to the company of having such a specialist function

Principles of Accounting Volume 2
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ISBN:9781947172609
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Chapter12: Balanced Scorecard And Other Performance Measures
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Aduana Ltd is Ghanaian based manufacturing company having subsidiaries companies in Nigeria and Gambia.  The company has been growing rapidly and the finance director has recently put in hand a major reorganization of the finance department, including the setting up of a separate treasury function.

Required

Draft a report from the finance director to the board:

  1. Describing the proposed responsibilities of the treasury function 
  2. Stating the advantages to the company of having such a specialist function

 

 

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