The essential controller : an introduction to what every financial manager must know / Steven M. Bragg.Material type: TextSeries: Wiley corporate F & APublication details: Hoboken, N.J. : J. Wiley & Sons, ©2012Edition: 2nd edDescription: 1 online resource (x, 277 pages) : illustrationsContent type: text Media type: computer Carrier type: online resourceISBN: 9781118226858; 1118226852; 9781118239735; 1118239733; 9781119203193; 1119203198Other title: Introduction to what every financial manager must know | What every financial manager must knowSubject(s): Controllership | Chief financial officers | Corporations -- Accounting | Corporations -- Finance | BUSINESS & ECONOMICS -- Accounting -- Managerial | Chief financial officers | Controllership | Corporations -- Accounting | Corporations -- Finance | BUSINESS & ECONOMICS -- Accounting -- Managerial | BUSINESS & ECONOMICS -- Corporate Finance | BUSINESS & ECONOMICS -- Finance | Chief financial officers | Controllership | Corporations -- Accounting | Corporations -- FinanceGenre/Form: Electronic books.Additional physical formats: Print version:: Essential controller.DDC classification: 658.15/1 LOC classification: HG4026 | .B662 2012Other classification: BUS001040 Online resources: Wiley Online Library
Print version record.
Revised edition of: Controller's guide. c2005.
"This book is designed to give the new controller a firm foundation in the concepts of managing the accounting department, locating GAAP information, analyzing and knowing what to do with key accounting information, and setting up controls systems that reduce a company's risk of loss. These core areas are essentials to a controller's success. New to this edition will be a discussion of finance strategy; introduction of the accounting standards codification, update of the taxation strategy; and a new controller checklist will be added as an appendix"-- Provided by publisher.
The Essential Controller; Contents; Preface; Chapter 1 Accounting in the Corporation; Importance of This Chapter; Tasks of the Accounting Function; Role of the Accounting Function; Role of the Controller; Impact of Ethics on the Accounting Role; Evolving Role of Accounting; Chapter 2 Controller's Responsibilities; Importance of This Chapter; Variations on the Title; Planning Function; Control Function; Reporting Function; Accounting Function; Additional Controller Functions in Smaller Companies; Controller's Job Description; Relationship of the Controller to the Chief Financial Of cer.
Future Changes in the Controller's Origins and ResponsibilitiesManaging Rapid Growth; Chapter 3 Chief Financial Of cer: From Controller to Facilitator of Change; Importance of This Chapter; Understanding What Chief Executive Of cers Want; Task of the CFO; Develop and Communicate a Compelling Finance Agenda; Build a Commitment to Change within Finance; Change Executive Management Practices; Enlist the Support of the Chief Executive offcer; Mobilize the Organization; Institutionalize Continuous Improvement; Chapter 4 Operational Accounting; Importance of This Chapter.
Create Departmental Job DescriptionsCreate a Departmental Training Program; Clear Out Excess Documentation; Streamline the Accounting Workflow; Document All Major Processes; Correct the Underlying Causes of Errors; Use Best Practices; Outsource Selected Accounting Functions; Chapter 5 Cost Accounting and Costing Systems; Importance of This Chapter; Purpose of Cost Accounting Information; Input: Data Collection Systems; Processing: Data Summarization Systems; Processing: Job Costing; Processing: Process Costing; Processing: Standard Costing; Processing: Direct Costing.
Processing: Throughput CostingProcessing: Activity-based costing; Processing: Target Costing; Outputs: Cost Variances; Chapter 6 Ratio and Trend Analysis; Importance of This Chapter; How to Use Ratios and Trends; A Caveat; Measures for Profitability; Measures for the Balance Sheet; Measures for Growth; Measures for Cash Flow; Measures for Nonfinancial Performance; Interrelationship of Ratios; Setting Up a System of Ratios and Trend Analyses; Chapter 7 Internal Control Systems; Importance of This Chapter; Objectives; Responsibility for Internal Controls; Examples of Internal Controls.
When to Eliminate ControlsTypes of Fraud; Preventing Fraud; How to Deal with a Fraud Situation; Foreign Corrupt Practices Act; Chapter 8 The Fast Close; Importance of This Chapter; Different Types of Fast Close; How to Achieve a Fast Close; Enhanced Closing Process; Chapter 9 Internal Audit Function; Importance of This Chapter; Reporting Relationships; Composition of the Audit Committee; Role of the Audit Committee; Internal Audit Objectives; Internal Audit Activities; Managing the Internal Audit Function; Chapter 10 Recruiting, Training, and Supervision; Importance of This Chapter.