See also: How to Develop a Controller How to Hire a CFO Controller Business Risk Control Account Term Loan Separation Of Duties Controller Definition A company controller, defined as the lead auditor and accountant in a company, is an extremely powerful role. Company controllers are in charge with all important accounting measures: policy, procedures, changes,
See Also: Controller Duties Separation Of Duties Accounting Department Efficiencies What Should Your Month End Reports Contain? The Role of a Financial Controller A financial controller is a senior position within an organization that is responsible for providing company financial information to internal management personnel as well as outside agencies. Financial controller positions include the management
See Also: Forecasting Comparison Analysis Budgeting vs Forecasting The budgeting vs forecasting process has been a good discussion between financial professionals. The argument of whether they serve the same purpose or if one is better than the other has lead to some interesting debates. The term has been used several times interchangeably. However let’s explore
See Also: Account Reconciliation Account Reconcilement Definition Accrual Based Accounting Financial Accounting Standards Board (FASB) Generally Accepted Accounting Principles (GAAP) Thirteen Week Cash Flow Report Accounting Cycle Definition The accounting cycle, defined as the process taken by prudent accountants which leads to sensible accounting records, is part of the general best practices of accountancy. During
An article in todays’ Wall Street Journal highlights how banks tighten credit standards across the country’s banking community. The author cites interviews with bankers indicating a change in the amount of risk that lenders are willing to take. Later in the article the author cites sources that say they haven’t seen a credit crunch. So
Most accountants are trained to identify problems. In fact, as a professional, they excel at identifying problems and minimizing risks. Two excellent examples of this skill is the audit and tax compliance areas of public accounting. What an Entrepreneur Wants From a CFO/Controller Entrepreneurs are looking for something more from their CFO/Controllers. They take risks
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