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The controller of a small private college is complaining about the amount of work s

The controller of a small private college is complaining about the amount of work s

The controller of a small private college is complaining about the amount of work she is required to do at the beginning of each month. The president of the
university requires the controller to submit a monthly report by the fifth day of the following month. The monthly report contains pages of financial data from
operations. The controller was heard saying, “Why does the president need all this information? He probably doesn’t read half of the report. He’s an old English
professor and probably doesn’t know the difference between a cost and revenue.a. What is the probable role of the monthly report?b. What is the controller’s
responsibility with respect to a president who doesn’t know much accounting?

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