fincon 2

True of false The responsibilities of corporate and finance controllers (as well as their public counterparts in comptroller's offices at every level) are not to be oriented to the north star that's right there in the name: they're primarily concerned with ensuring the integrity of the internal controls of the finance function and company overall.

As the lead accountant in a company, ___________’ education, experience and licensing are concentrated in finance, accounting or economics. Staying current on finance technology helps a controller be successful.

True or False AS PART OF A COMPANY'S SENIOR LEADERSHIP TEAM, controllers have to keep up with the demands of modern controllership.

True or False FINANCIAL CONTROLLERSHIP IS A HIGHLY TECHNICAL ROLE. practitioners need to be both experts in all matters of accounting and compliance and relatable leaders who makes the entire organization want not to follow policies and procedures.

The Main Functions of an Evolving Controller: THEN & NOW (THEN) It's traditionally fallen to the corporate controllers to generate income statements and maintain the chart of accounts, process payroll, supervise accounts payable and receivable and close the books.

The Main Functions of an Evolving Controller: THEN & NOW (THEN) Debt management and collection, invoice approval, monitoring bookkeeping processes and internal audits all fall under the umbrella of traditional controllership, alongside regular reporting on the organization's financial health.

The Main Functions of an Evolving Controller: THEN & NOW (THEN) Internally and externally, controllership has been and remains concerned with maintaining the integrity of the books by implementing and monitoring preventative and detective controls.

The Main Functions of an Evolving Controller: THEN & NOW (THEN) Controllers have supervisory responsibilities as managers of the finance team and overseers of the processes that drive the day-to-day work of the finance function.

The Main Functions of an Evolving Controller: THEN & NOW (NOW) The ability to make data-driven decisions has required accessibility to the data in question — data that is clean, accurate and current. Taking processes associated with that data out of the silo and putting them into finance leaders' hands is also critical.

The Main Functions of an Evolving Controller: THEN & NOW (NOW) Controllers have been tasked with driving efficiency in the finance function, and that means taking the lead on efforts to automate or optimize manual or edit-prone tasks and refine the processes they reside within. Often, to enable this long-term and continuous optimization, controllers will be tapped to lead digital transformation initiatives within the organization.