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1. For each of the following, indicate whether the description more closely relates to managerial accounting or financial accounting:

Financial

making

2. a. _____ Informal as well as formal relationships within an organization are usually depicted on an organization chart. b. _____ If an organization delegates decision making authority throughout the organization, it is said to be a centralized organization. c. _____ Persons who directly make decisions are said to have line positions, while persons indirectly providing support toward the organization’s objectives are in staff positions. d. _____ In today’s organizations, the CFO (Chief Financial Officer) is often a key person in top management whose role is considered critical in providing accounting and financial leadership and information for the organization. e. _____ The CFO may have both the accounting (controller) and the treasury/cash functions reporting to him or her.