September 3, 2010, Newsletter Issue #145: Finance Controller

Tip of the Week

Depending upon the industry involved, Financial Controllers perform a variety of duties and responsibilities all ascertaining compliance with internal control procedures and financial management. Financial Controller accounting positions involve identifying and communicating potential issues regarding financial statement accounts to management. The position will prepare budgets and forecast reports; manage corporate benefit programs; manage corporate payroll; manage insurance providers and develop company insurance plan; they analyze, submit, and prepare payments for SEC trading fees (when involved in the stock area). They supervise the Assistant Controller and other accounting department personnel. They are responsible for overseeing the yearly audits.

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