What is the diff between Treasury position and Accounting position?

Question

Treasury incharge fund,cash flow and bank recon?
Accounting is AR,AP and GL(full sets accounts)?

Answer 1

The financial accountant is in charge of all the accounting functions up to and including financial statements. He is in charge (together with his team) of the AR, AP, GL, fixed assets registers, subsidiary ledgers, etc.

The Treasurer function handles cash management and investments. The Treasury personnel has to forecast the funds the co. will need in the near and medium-term future, negotiate loans at the right interest rates, given the collateral the co. has to offer. He has to propose to the Board which bank or financial institution they should borrow from and why. If the co. has spare funds, he must research where the funds are best placed to earn the co. the best returns. Again he has to justify why he proposes to place the funds with any particular institution.