Provided by James R. Martin, Ph.D., CMA
Professor Emeritus, University of South Florida
The Controllers Institute changed its name to Financial Executives Institute in 1962 and developed the following list of functions for controllers and treasurers. The controllership functions are accounting functions while the treasurership functions are finance functions. According to the FEI, the combination of these functions defines financial management.
*Controllers Institute. 1962. CIA becomes FEI. The Controller (May): 228.